Northern IL Large Scale Development
The property is being offered as a 100+/- acre redevelopment site. Located in northern Lake County at the gateway to the Chain O’ Lakes State Park. The property presents an opportunity to develop up to 350 residential multi and single-family homes, condominiums, or senior living community in a rolling wooded and serene setting enhanced by numerous water elements.
The abundance of recreational amenities include the pristine Chain O’ Lakes, the largest inland recreational waterway system in Illinois, as well as numerous Lake County Forest Preserve trails and parks including; the Gander Mountain, Lake Marie, Grant Woods and Tanager Kames forest preserves. Just a short drive over the border in Wisconsin enjoy year-round fun and adventure at Wilmot Mountain and historic Lake Geneva, filled with world class golf resorts, spectacular spas, charming B&Bs, boutique shopping, fine dining experiences.
The R-3 residential zoning, the option to maintain a portion of the current 18-hole golf course, with its beautiful club house for your active lifestyle residents makes this a rare opportunity.
Financials (USD)
Asking Price $8,500,000
Property Details
Street Address 7220 State Park Road
Parcel Size 106.00 Acres
Zoning R-3
Property Uses Multifamily, Apartment, Senior Living, Planned Use, Master Planned Community, Single Family Development
Utilities Electricity, Gas, Water, Sewer, Cable, Telephone, Irrigation
Road Access 1,349.29 feet on the north side of Grass Lake Road right-of-way line; 2661.30 feet on east side of State Park Road right-of-way line and 1,319.75 feet on south side of Gold View Drive right-of –way
Deal Terms
Seller Financing Available? Available On Request
Seller Willing To Lease? Available On Request
Broker Co-Op? Available On Request
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.
Request Information
Want to learn more about this listing? Log in now. New to DealStream? Discover how artificial intelligence can help you find better deals! Sign up for a Free Account today and get your first Search Genius deal tomorrow.
Sign UpDealStream Awards & Reviews
