Active
613-615 Rand Road
Lakemoor IL, 60051
$845,000
$3.68 per sqft
Active
5.27 Acres
Land
Courtesy of Compass
WATERFRONT DEVELOPMENT OPPORTUNITY!! This extraordinary property encompasses approximately 5 acres, with a road easement, right on the picturesque 89-acre Lily Lake, nestled within the thriving McHenry County. Located directly on Rt. 120 and just West of the new Woodman's Development at Rt. 12 & 120 gives prime exposure to increasing vehicle traffic. Lakemoor is an area experiencing rapid growth, with robust demographics and a burgeoning landscape of fresh residential and retail developments. This locale is poised for ongoing expansion, thanks to the city's proactive approach to fostering economic growth. The optimal utilization for this property extends to mixed-use possibilities, among other potentials. In the coming months, the city has plans for lake dredging and further expansion of the scenic boardwalk encircling the lake. The city holds adjacent parcels and eagerly invites discussions with developers, embracing novel concepts to enrich the city's footprint. This represents a unique opportunity for diverse applications on the lake, with potential rezoning options on the horizon. Property currently has a 4,800sf sports bar / restaurant with gaming machines...earn income while you develop!
11902659
MLSⓇ ID
October 6, 2023
Listed
May 9, 2024
Updated
Map
613-615 Rand Road
Lakemoor IL, 60051
Exterior/Building Features
Lot Size
5.27 Acres
School Information
School District
156
Other Property Details
Area Name
Holiday Hills / Johnsburg / McHenry / Lakemoor / McCullom Lake / Sunnyside / Ringwood
Taxes
$12,532
Tax Frequency
Annually
Days on Market
8
Garage
No
Parking Total
0
View
No
County
Mc Henry
Municipality
McHenry
Pool
No
Waterfront
Yes
Buyer Agency Compensation
2% - $495
Courtesy of Compass, Todd Klein,
Listing Contact: 847-609-8633
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Data last updated 6:42 AM UTC, 5/9/2024