Multi-Family/Assisted Living Site

For Sale

329 Thomas Ln, Fox Lake, IL 60020

This Fox Lake property for sale is located at 329 Thomas Ln. Contact the listing broker for details on the current sale price for Multi-Family/Assisted Living Site. Multi-Family/Assisted Living Site is situated on a lot that is 5.71 acre in size.

Contacts

broker

Bill Caton, CIPS

Caton Commercial Real Estate Group

Property Details

  • Property Type VacantLand
  • Property Size 99,000 SF
  • Units 110
  • Lot Size 5.71 Acre
  • Additional Rent Contact for pricing
  • Date Updated Nov 14, 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

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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

Attachments

Getting around

  • 21/100

    Walk Score ®

  • 19/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • ALDI

    0.51 miles

  • Jewel-Osco

    0.59 miles

  • Val's

    2.17 miles

  • Woodman's Markets

    3.27 miles

  • Lomeli's International Supermarket

    3.60 miles

  • Mendoza Grocery #2

    3.61 miles

  • Big Lots

    3.63 miles

  • Angelo's Food

    3.71 miles

  • Kohl's

    4.42 miles

  • Ross

    4.46 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Bill Caton, CIPS

Caton Commercial Real Estate Group