Multi-Family/Assisted Living Site

329 Thomas Ln, Fox Lake, IL 60020

  • For Sale Contact Broker
  • Property Type VacantLand
  • Property Size 99,000 SF
  • Units 110
  • Lot Size 5.71 Acre
  • Additional Rent Contact for pricing
  • Date Updated Dec 11, 2024
Immediately adjacent to a 100 unit 55+ apartment community with waiting list.Caton Commercial Real Estate has been retained to exclusively offer for sale 5.71 acres with improvements at 329 Thomas in Fox Lake. The infrastructure and foundation can be used to complete 140 multi-family rental units. The site has approximately 7 million in improvements including the foundation, elevator shafts, detention area, mass grading, underground plumbing and electric, and some of the floor has been poured. Sewer water is to site. The storm water detention area and street improvements are complete. • Once occupied and stabilized the property is projected to be valued at approximately 40 million dollars • The seller was the contracted builder and is willing to Joint Venture or complete the project for another
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Highlights

  • 7 million in improvements with site development and detention
  • Adjacent to a 100-unit 55 plus apartment building with waiting list
  • Can be utilized for 140 multifamily rental development utilizing current improvements
  • Engineering and site plans are approved for assisted living, multifamily will use existing footprint, engineering near completion, multifamily zoning approved by the city
  • Seller completion available
  • 16-18 months to complete construction
  • The Village and Mayor of Fox Lake approve entitlement for multifamily market rate apartments

Contacts

broker
Bill Caton, CIPS

Caton Commercial Real Estate Group

Location

Getting Around

  • Walk Score ®

    21/100 Car-Dependent

  • Bike Score ®

    19/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Fox Lake, IL
  • Zip Code 60020
  • Market Chicago

Points of Interest

  • Fox Lake

    2.38 miles

  • Round Lake Beach

    5.04 miles

  • Lake Villa

    5.41 miles

  • Washington Street (Grayslake)

    5.70 miles

  • Taxi Stand

    6.53 miles

  • Prairie Crossing

    8.13 miles

  • Antioch

    8.63 miles

  • Circle K

    0.52 miles

  • Marathon

    1.81 miles

  • Mobil

    1.87 miles

  • STP

    2.10 miles

  • Shell

    2.26 miles

  • Thorntons

    2.35 miles

  • Citgo

    2.63 miles

  • BP

    2.70 miles

  • Tesla Supercharger

    3.22 miles

  • ChargePoint

    3.24 miles

  • <different> Boat Ramp

    1.15 miles

  • Volo Bog State Nature Preserve

    1.74 miles

  • Boat Launch

    2.05 miles

  • Whitetail Prairie

    4.10 miles

  • Oak Opening

    4.34 miles

  • Opossum Trail

    4.52 miles

  • Lake Defiance

    4.59 miles

  • Northern Woods

    4.62 miles

  • Leisure Village

    4.67 miles

  • Fox Lake Motel

    2.20 miles

  • The Roxana Resort

    2.27 miles

  • Super 8

    6.38 miles

  • Fourth Lake Resort guest cabins

    6.58 miles

  • Hampton Inn McHenry

    7.51 miles

  • Best Western Plus

    7.93 miles

  • Dragonfly Bed and Breakfast

    8.12 miles

  • Courtyard

    8.23 miles

  • Does Motel

    8.70 miles

  • Hampton Inn & Suites Chicago-Libertyville

    9.17 miles

  • Jimmy John's

    0.46 miles

  • Wendy's

    0.47 miles

  • China City

    0.64 miles

  • Dog 'n Suds

    1.22 miles

  • Bonus Round Pizza and Gaming

    1.39 miles

  • Leo's Chicago Grill

    1.41 miles

  • Famous Freddie’s

    1.43 miles

  • Za Za's Steakhouse & Italian

    1.53 miles

  • Moretti's Pizza

    1.57 miles

  • Maravela's Banquets

    1.79 miles

  • Gavin South Junior High School

    1.29 miles

  • Stanton Middle School

    1.50 miles

  • Stanton School

    1.52 miles

  • Big Hollow Middle School

    1.62 miles

  • Big Hollow Elementary School

    1.65 miles

  • Grant Community High School

    1.74 miles

  • Big Hollow

    1.75 miles

  • Saint Bede School

    2.09 miles

  • Gavin Central Elementary School

    2.14 miles

  • Forest School

    2.28 miles

  • Kiddie Kottage

    1.23 miles

  • La Petite Academy

    5.20 miles

  • KinderCare

    5.31 miles

  • Woodview Kindergarten

    5.62 miles

  • Nature's Scholars

    6.72 miles

  • McHenry Montessori School

    7.19 miles

  • The Goddard School

    8.30 miles

  • Alta Vista Montessori School

    9.85 miles

Frequently Asked Questions

How much does Multi-Family/Assisted Living Site cost?

The sale price for Multi-Family/Assisted Living Site is available upon request. Contact the listing broker for more information.

What is the total square footage of Multi-Family/Assisted Living Site?

Multi-Family/Assisted Living Site totals 99,000 square feet.

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Contact Listing Broker
broker
Bill Caton, CIPS

Caton Commercial Real Estate Group