W Sheridan Rd, Lakemoor, IL 60051

The portfolio of property at Fritzsche Road includes parcels at 400-408 Fritzsche Road, 303 Herbert Road, 325 Herbert Road, and an unaddressed 44-acre parcel at Fritzsche Road and W. Sheridan. This assemblage comprises commercial, industrial, and residential parcels, including 25 acres of Lilly Lake, two large industrial buildings, three minor structures, and vacant waterfront parcels. The current ordinance, grandfathered from 1963, can accommodate I-1, commercial, or residential zoning. The property features municipal sewer, a privately owned water system, three on-site wells, and a pumping station. Most of the property has its own ordinances annexed into the village. Located on the south shore of Lily Lake, the portfolio offers a unique opportunity for new development in the Village of Lakemoor. Lily Lake has a walking trail on the north side, two docks, and visitor parking. The village is strategizing new ways to cultivate a diverse footprint, fostering economic growth and business development and is prepared to discuss new ideas for the property’s future, promoting population and employment expansion. The area is experiencing residential and retail development, presenting potential for redevelopment opportunities, including a senior living campus, condos, and luxury homes. The location is near retail amenities within a 10-minute drive and 15 minutes to Walmart Supercenter and Northwestern Medicine McHenry Hospital, a 179-bed comprehensive care and teaching hospital with over 600 physicians in 70 specialties. Within a five-mile radius, there are 79,061 residents and 40,102 daytime employees. The average household income is $101,368, and the total consumer spending is $1.04 billion.