Property Details for 0 Sheridan Rd

Lot size

44.00 lot acres

Property type

Land

Description

This exceptional 44-acre commercial land portfolio in Lakemoor, Illinois, presents a unique redevelopment opportunity. The property includes four parcels, encompassing two large industrial buildings (totaling 21,000+ sq ft), a 1,400 sq ft multi-purpose building, and a residential building. The site boasts flexible zoning, allowing for diverse development options, including residential, commercial, and industrial uses. Existing infrastructure includes municipal sewer, a private water system with three on-site wells, and a pumping station. The property is situated on the south shore of Lily Lake, offering beautiful waterfront views and proximity to a walking trail, docks, and visitor parking. Strategically located near major highways (Illinois Route 120, US Route 12, and I-94), the property enjoys convenient access to retail amenities, Walmart Supercenter, and Northwestern Medicine McHenry Hospital. The surrounding area exhibits strong demographics, with a high average household income and significant consumer spending within a five-mile radius. This prime location, combined with the flexible zoning and existing infrastructure, makes this portfolio an attractive investment for developers seeking a variety of development possibilities. The property also includes approximately 25 acres of Lilly Lake. The 15,000 sq ft Fritzsche Road building features nine units, fenced storage, and overhead doors. The 11,000 sq ft building at 303 Herbert Road is currently leased, providing immediate revenue potential. The 1,400 sq ft building at 325 Herbert Road is suitable for office or storage use. Additional acreage is available for commercial development along high-traffic US 120. The asking price is $3,200,000, with a land value of $118.20 per square foot.

Location Insight

City

Lakemoor

County

McHenry

State

Illinois

Longitude

-88.2109

Latitude

42.3242