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    80 Us-12 Fox Lake, IL 60020

    Sponsored
    For Sale
    $4,555,000

    18 Acres, Prime Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 18-acre waterfront commercial land parcel presents a unique investment opportunity in Fox Lake, Illinois. Located on US Highway 12, this highly visible site boasts 19,100 vehicles per day passing by, ensuring significant exposure for any development. Its strategic location offers easy access to the Metra train station, I-94 (within 20 minutes), Lake Geneva (within 15 minutes), O'Hare International Airport (within 40 miles), and Milwaukee Airport (within 40 miles). The property is situated adjacent to a new Culver's and Ben Watt's Marina, providing immediate proximity to established businesses and recreational amenities. The city actively encourages development, with approvals in place for 4, 5, or 6-story structures. Utilities are readily available on-site. This mixed-use zoned property offers unparalleled flexibility, accommodating a wide range of development possibilities, including hotels, condominiums, multifamily housing, amusement venues, retail spaces, or office complexes. For added convenience, the site is divisible down to 1-2 acre parcels. The asking price is $4,555,000. This is a rare chance to acquire a substantial, strategically located commercial property with significant development potential in a thriving community. The address is 80 US-12, Fox Lake, IL 60020, in Lake County.

    Property Features for 80 Us-12

    General Information

    Property type
    Land
    Lot Size
    784,080 SF

    HighLights

    • Mixed‑use development site with city approvals for 4‑6 stories.
    • Utilities available on‑site.
    • 19,100 VPD frontage on US Highway 12.
    • Walking distance to Metra station.
    • 20‑minute drive to I‑94, 15‑minute drive to Lake Geneva.
    • Within 40 miles of O'Hare and Milwaukee airports.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fox Lake
    County
    Lake
    State
    Illinois
    Longitude
    -88.182845
    Latitude
    42.390363

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    FAQs

    What type of property is this?
    Land - 18 Acres, Prime Development Opportunity
    Where is this land located?
    The property is located at 80 Us-12 Fox Lake, IL.
    What is the asking price?
    The asking price for this property is $4,555,000.
    What are key features of this property?
    This property features: Mixed-use development site with city approvals for 4-6 stories.; Utilities available on-site.; 19,100 VPD frontage on US Highway 12.
    Request Owner's contact information
    80 Us-12 Fox Lake, IL 60020
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    Fox Lake, IL 60020
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    Realmo Value Estimation

    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.

    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.

    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
    80 Us-12 Fox Lake, IL 60020
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