329 Thomas Ln Fox Lake, IL 60020
Property Features for 329 Thomas Ln
General Information
- Lot size
- 5.71 Acres
Source:
Moodyscre
Listing Agent: William J. Caton, Cips
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Approved Assisted Living Project
This 5.71-acre property in Fox Lake, Illinois, features significant improvements already in place. An approved assisted living project is planned for the site, consisting of a 99,000 square foot building with an additional 13,000 square feet planned for phase two. The development is designed to accommodate approximately 111 beds, including independent living, assisted living, and memory care units. Alternatively, the existing infrastructure and foundation could be utilized to construct 108 or more multi-family rental units. Approximately $12 million in improvements have already been made, including the foundation, elevator shafts, a detention area, mass grading, and underground plumbing and electric. Some of the flooring has also been poured. Sewer and water services are available on-site. The storm water detention area and street improvements are complete. The property is located immediately adjacent to a 100-unit 55+ apartment community that currently has a waiting list. Engineering and site plans are approved for assisted living, and multi-family zoning is approved by the village. The village and mayor of Fox Lake support the project. Construction completion is estimated to take 16-18 months. Engineering for multi-family use is nearing completion and will use the existing footprint.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Fox Lake
- County
- Lake
- State
- Illinois
- Longitude
- -88.1613892
- Latitude
- 42.3673005
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FAQs
What type of property is this?
Commercial land - 5.71 acres with improvements in Fox Lake, Illinois.
Where is this commercial land located?
The property is located at 329 Thomas Ln Fox Lake, IL.
What are key features of this property?
This property features: - Approved assisted living project with plans for approximately 111 beds.; - $12 million in existing site improvements, including foundation and elevator shafts.; - Infrastructure can be utilized for 108+\/- multi-family rental units.