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    OFF-MARKET
    Land

    80 Us-12, Fox Lake, IL 60020

    18 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 18 ac (784,080 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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