Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    867 Lake Holiday Dr Sandwich, IL 60548

    Sponsored
    For Sale
    $75,000

    LAND - Lake Holiday, IL

    Lot size:
    1.04 Acres
    Days on Market:
    94
    Last Refresh:
    Feb 3 at 2:06 pm

    Property Features for 867 Lake Holiday Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SINGL
    APN
    0509202011
    Lot size
    1.04 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Private

    We can help!

    Listing Contact
    Deborah Christensen
    Deborah Christensen

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2411

    Listing agent Deborah Christensen (630) 553-9000

    Listing date Nov 2, 2025

    MLS# 12435711 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lake Holiday Waterview Homesite Opportunity

    This is a rare opportunity to own a waterview homesite in the Lake Holiday community, located within the Sandwich School District. The property consists of two lots, being sold together, which combined are over an acre. The lots are described as sitting high and dry. The site offers privacy, mature trees, and a flat area suitable for building a home, possibly with a walkout. The Lake Holiday community offers opportunities for fishing, skiing, and recreation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Hotel & Motel Gym & Fitness Center Department Store Kitchen & Bath Showroom Storage Facility HVAC Service Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sandwich
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.667533
    Latitude
    41.615282

    Nearby Similar for Sale

    • $295,000
      0.17 Acres

      Commercial Property in High-Traffic Location

      Two-unit commercial property on the busiest road in Sandwich, Illinois.
      101 W Church St, Sandwich, IL 60548
      View Details
    • $249,900
      0.24 Acres

      Commercial Investment Opportunity in Sandwich

      Three-unit building on Route 34 with high visibility.
      1112 E Railroad St, Sandwich, IL 60548
      View Details
    • New
      $1,000,000
      24,000 SF

      Mixed-Use Building in Downtown Sandwich

      Ten-unit mixed-use building with retail space and apartments in Sandwich.
      8 E Railroad St, Sandwich, IL 60548
      View Details
    • $85,000

      Move-In Ready Home on Lauren Drive

      Two-bedroom home with low lot fees in Sandwich, Illinois.
      1336 Lauren Dr, Sandwich, IL 60548
      View Details
    • $99,999

      New Home with Park Views

      Move-in ready home with park views and modern amenities.
      1148 Lauren Dr, Sandwich, IL 60548
      View Details
    • Contact for pricing

      Affordable Mobile Home in 55+ Community

      Spacious mobile home in 55+ community near Sandwich, Illinois.
      25 Cedar Ln, Sandwich, IL 60548
      View Details
    • $350,000
      3,490 SF

      Downtown Sandwich Multi-Family Investment

      High-Cash Flow, 5-Unit Property in IL
      39 Church St, Sandwich, IL 60548
      View Details
    • $259,900
      2,600 SF

      Sandwich Retail Investment Opportunity

      High-traffic location, three leased units.
      1112 Railroad St, Sandwich, IL 60548
      View Details
    • $1,119,000
      13,159 SF

      Prime Sandwich Commercial Building

      High-Visibility, Fully Leased Investment
      207 Church St, Sandwich, IL 60548
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Over an acre homesite in Lake Holiday, Sandwich School District.
    Where is this residential land & home lot located?
    The property is located at 867 Lake Holiday Dr Sandwich, IL.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Waterview homesite in the sought-after Lake Holiday community.; - Over an acre of land, a rare find for Lake Holiday.; - Only homesite currently available in Lake Holiday other than waterfront.
    (815) 553-2406
    Request Owner's contact information
    867 Lake Holiday Dr Sandwich, IL 60548
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    867 Lake Holiday Dr
    Sandwich, IL 60548
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    867 Lake Holiday Dr Sandwich, IL 60548
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Deborah Christensen
    Deborah Christensen
    Real Estate License ID: 475127109
    (815) 553-2406
    Learn more
    Google sign-in failed. Please try again or use another login method.