106-Acre Residential Development Site in Fox Lake, IL
Financial Details
- Asking Price:
- $8,500,000
- Cash Flow / SDE:
- $8,500,000
- Profit Metric:
- Asking Price
- Valuation Multiple:
- 1.0x
- Location:
- Fox Lake, IL, US
- Source:
- Date:
- September 16, 2025
Key Highlights
Description
This listing presents a significant 106-acre large-scale development opportunity located in Fox Lake, Illinois, within Lake County. Situated at the gateway to the Chain O’ Lakes State Park, the property offers a picturesque setting with rolling wooded terrain and numerous water elements, ideal for residential development. The R-3 zoning allows for a diverse range of housing options, including multi-family homes, condominiums, and senior living communities, with the potential to develop up to 350 units. The location provides access to abundant recreational amenities, including the Chain O’ Lakes waterway system and nearby Lake County Forest Preserve trails. The property also offers the unique option to maintain a portion of an 18-hole golf course and its clubhouse, enhancing its appeal for active lifestyle residents. Utilities such as electricity, gas, water, sewer, cable, and telephone are available. Road access is provided via Grass Lake Road, State Park Road, and Gold View Drive.
Industry Information
- Industry Description:
- Building & Construction
- Classification:
- Building & Construction
Real Estate & Lease
- Status:
- For Sale
- Real Estate Price:
- $8,500,000 USD
Listing Details
- Listing ID:
- bf6173d0-e191-4354-8041-9b8ab9a771c2
- Deal Status:
- For Sale
- Date Posted:
- October 19, 2023
- Last Updated:
- September 16, 2025
- Currency:
- USD