21 Hillside Dr Fox Lake, IL 60020
For Sale
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This exceptional 2-acre commercial land parcel presents a remarkable investment opportunity in Fox Lake, Illinois. Located at 21 Hillside Dr, 60020, this property boasts a prime location at the corner of Rollins Road and Hillside Drive, offering excellent visibility and accessibility. The lot features mostly level topography, simplifying development, and benefits from an existing ALTA survey. All utilities and necessary curb cuts are already in place, significantly reducing development costs and timelines. Importantly, the property is free from identified wetlands or floodplains, minimizing environmental concerns. Zoned B-2 by the Village of Fox Lake, this land is ideally suited for a variety of commercial uses, complementing the existing mix of office, retail, and multi-family properties in the area. Its proximity to the downtown area and train station ensures high visibility and convenient access for businesses. A unique advantage is its location directly across from the respected senior housing communities, "Lilac" and "Paradise Park," presenting a compelling opportunity to serve this growing demographic. The property's APN is 0510301035, and it is owned by an LLC. The asking price is $299,900. Prospective buyers are encouraged to conduct their own due diligence.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.