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7220 State Park Rd - Northern IL Large Scale Development 102.35 Acres of Residential Land Offered at $2,999,000 in Fox Lake, IL 60020

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INVESTMENT HIGHLIGHTS

Built to Suit
Proximity to highway, lakes, hospital, restaurants, shopping

Water and Sewer on site currently

EXECUTIVE SUMMARY

Your next development opportunity has arrived! With 102 acres of land ideally situated for residential development in the picturesque Chain-O-Lakes area, the potential for this project is significant and the developer will have the Village of Fox Lake’s full support. Currently a majestic golf course with rolling hills and mature trees, this is a truly unique property. Zoned R-3 allowing for single family and multi-family housing. Highly attractive location within close proximity to essential amenities like shopping, restaurants, highways, and a hospital, as well as recreational activities like boating and access to the lake life. A 7,000-square-foot clubhouse, with capacity to entertain 200+ guests, offers an excellent opportunity to create a community space for the neighborhood and can also be used immediately as a sales office. Opportunity awaits to develop a residential community in the rapidly growing Chain-O-Lakes area.

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Plat Survey

PROPERTY FACTS

Price	$2,999,000	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Mixed Use Multifamily Golf Course or Driving Range Hold For Development Master Planned Community Planned Unit Development Single Family Development Single Family Residence
No. Lots	1	Total Lot Size	102.35 AC
Property Type	Land
Zoning	R-3 - Multi-Family - Single-Family housing

Price	$2,999,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Mixed Use Multifamily Golf Course or Driving Range Hold For Development Master Planned Community Planned Unit Development Single Family Development Single Family Residence
Total Lot Size	102.35 AC
Zoning	R-3 - Multi-Family - Single-Family housing

1 LOT AVAILABLE

Lot

Price	$2,999,000	Lot Size	102.35 AC
Price Per AC	$29,301.42

Price	$2,999,000
Price Per AC	$29,301.42
Lot Size	102.35 AC

Located in between residential developments; mature, well-maintained trees on current golf course.

DESCRIPTION

Your next development opportunity has arrived! With 102 acres of land ideally situated for residential development in the picturesque Chain-O-Lakes area, the potential for this project is significant and the developer will have the Village of Fox Lake's full support. Currently a majestic golf course with rolling hills and mature trees, this is a truly unique property. Zoned R-3 allowing for single family and multi-family housing. Highly attractive location within close proximity to essential amenities like shopping, restaurants, highways, and a hospital, as well as recreational activities like boating and access to the lake life. A 7,000-square-foot clubhouse, with capacity to entertain 200+ guests, offers an excellent opportunity to create a community space for the neighborhood and can also be used immediately as a sales office. Opportunity awaits to develop a residential community in the rapidly growing Chain-O-Lakes area. Preview the property through the Virtual Tour link above and then contact the agent to see it in person.

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