Thank you
Todd Klein
Compass
847-906-1872
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!
Water front: 1
Lot Dimensions: 270 X 285
Lot Acres: 5.27
Lot Size: 5.0-5.99 Acres
Property Type: Land
Sub Type: Land
Original List Price: $845000
Annual Tax: $12532.38
Tax Year: 2021
Parcel Number: 1032381027
Electric to Site, Gas to Site, Sanitary Sewer, Well Private
City: Lakemoor
Direction: Southeast corner of IL RT 120 (Rand Rd) & East Blvd., S side of road on Lily Lake
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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Based on information submitted to the MLS GRID as of 05/01/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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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.