Historic Pistakee Country Club, which has been open since 1920 is situated on one of the most beautiful parcels in the entire Chain of Lakes area. Located just south of Pistakee Lake at 815 Bay Road, this offering is a great opportunity to create an upscale single family, multi-family, condo and mixed use commercial development. Pre-Annexation agreement with the Village of Lakemoor, IL has been pre-negotiated and includes possible development scenarios and incentive packages including property tax abatement, density bonuses, zoning variations and permit fee reductions to name a few. Once annexed into the Village of Lakemoor, municipal water and sewer can be brought to the site with special SSA options, recapture fees are possible when coordinated with adjacent properties. Water and sewer can be brought to the site via Lincoln and Cuhlman Roads from the south. Once annexed into Lakemoor, the property could handle approximately 225 plus single family homes on lots sizes as small as 0.2 acres. Lakemoor would like to have a 3 story apartment complex with about 1,000 units. 8,000 sq ft strip center is also desirable along Bay Road.
This prime parcel of undeveloped land is located in far eastern unincorporated McHenry County. Lake County and the greater Fox Lake area is just to the east of this location. The Village of Johnsburg is situated directly to the west of this property and has larger home sites with the areas most expensive homes located to the west and north. The Village of Lakemoor is to the south and east and actually surrounds three sides of this 56 acre parcel. The Village of Lakemoor is extremely eager to annex Pistakee Country Club into its borders and is offering tremendous incentives.
This particular parcel is 56 acres of flat and rolling hills with clusters of mature trees. There are very minimal areas on the western lot line of the site that are designated as wetland or flood plain. Bay Road is to the north, Cuhlman Road is to the east and Illinois Department of Natural Resources owns the nature conservatory to the south and west.
The offering includes the Pistakee Lake Club House equipped with a full restaurant & bar, Pro Shop and separate apartment. Also included is a large maintenance building. MLS # 09496058
