• 613-615 Rand Road Lakemoor, IL 60051

  • $845,000
  • 0
    Sq Ft
  • 5.27
    Acres
  • Listed By: Compass
  • Source: Midwest Real Estate Data LLC (MRED)

WATERFRONT DEVELOPMENT OPPORTUNITY!! This extraordinary property encompasses approximately 5 acres, with a road easement, right on the picturesque 89-acre Lily Lake, nestled within the thriving McHenry County. Located directly on Rt. 120 and just West of the new Woodman's Development at Rt. 12 & 120 gives prime exposure to increasing vehicle traffic. Lakemoor is an area experiencing rapid growth, with robust demographics and a burgeoning landscape of fresh residential and retail developments. This locale is poised for ongoing expansion, thanks to the city's proactive approach to fostering economic growth. The optimal utilization for this property extends to mixed-use possibilities, among other potentials. In the coming months, the city has plans for lake dredging and further expansion of the scenic boardwalk encircling the lake. The city holds adjacent parcels and eagerly invites discussions with developers, embracing novel concepts to enrich the city's footprint. This represents a unique opportunity for diverse applications on the lake, with potential rezoning options on the horizon. Property currently has a 4,800sf sports bar / restaurant with gaming machines...earn income while you develop!

Property Type :

Land

County :

Mc Henry

Style :

Land

Property Details

 

Water Source

Water front: 1

Lot Information

Lot Dimensions: 270 X 285

Lot Acres: 5.27

Lot Size: 5.0-5.99 Acres

Property Information

Property Type: Land

Sub Type: Land

Listing Price Information

Original List Price: $845000

Tax Information

Annual Tax: $12532.38

Tax Year: 2021

Parcel Number: 1032381027

Utility Information

Electric to Site, Gas to Site, Sanitary Sewer, Well Private

Location Information

City: Lakemoor

Direction: Southeast corner of IL RT 120 (Rand Rd) & East Blvd., S side of road on Lily Lake

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
LOT 37 Margaret Court, Lakemoor, IL,60051 $39,900 -- -- -- 2.01 Acres
513 Pine Grove Road, Lakemoor, IL,60051 $9,500 -- -- -- --
95 W South Drive, Lakemoor, IL,60051 $9,900 -- -- -- --
111 Drydock, Lakemoor, IL,60051 $39,900 -- -- -- 0.1 Acre
222 W Rand Road, Lakemoor, IL,60051 $69,000 -- -- -- 0.39 Acre
27 Oyster Bay, Lakemoor, IL,60051 $13,500 -- -- -- 0.12 Acre
264 Misty Ridge, Lakemoor, IL,60051 $18,500 -- -- -- 0.08 Acre
32074 Savannah Drive, Lakemoor, IL,60051 $415,990 3 3 1,678 --
32017 Savannah Drive, Lakemoor, IL,60051 $498,990 4 3 2,808 0.18 Acre
32000 Savannah Drive, Lakemoor, IL,60051 $574,990 4 4 2,534 0.18 Acre

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ByOwner last updated this listing 05/01/2024 @ 18:20

MLS: MRED #11902659
LISTED BY: Todd Klein, Compass
SOURCE: Midwest Real Estate Data LLC (MRED)
Buyer Agency Compensation: 2% - $495
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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