329 THOMAS LN Fox Lake, IL 60020

The property is a 5.71-acre parcel in Fox Lake, Illinois, with major site and infrastructure improvements already completed in support of a planned development. The approved assisted living concept includes a 99,000-square-foot primary building plus an additional 13,000 square feet for phase two, configured to provide approximately 111 beds across independent living, assisted living, and memory care. Existing foundation and infrastructure are also intended to support an alternative development pathway of approximately 108 or more multi-family rental units, with engineering for multi-family use nearing completion to utilize the existing footprint. Documented improvements include foundation work, elevator shaft installation, a storm water detention area, mass grading, and underground plumbing and electrical utilities, along with partial poured flooring, and available on-site sewer and water service. Storm water detention and related street improvements are completed, and engineering and site plans for assisted living have been approved. Multi-family zoning is approved by the village, and the property is situated immediately adjacent to a 100-unit 55+ apartment community.