106-Acre Residential Development Site in Fox Lake, IL

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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

Prime 106-acre development site in Northern Illinois, adjacent to Chain O' Lakes State Park.
Zoned R-3, offering flexibility for up to 350 residential units including single-family homes, condos, or senior living.
Unique opportunity to leverage scenic setting, water features, and potential to integrate existing golf course amenities.

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