5.27 Acres in Lakemoor, IL - $875,000
WATERFRONT DEVELOPMENT OPPORTUNITY! A progressive opportunity that is situated on +/- 5.27 acres with +/- 3 acres of uplands including road easement right on 89-acre Lily Lake located in McHenry County, with views of the lake all around. With frontage on IL RT 120 (Rand Rd) in the highway commercial district, Lakemoor is a fast growing area boasting strong demographics & many new residential & retail development. This area will continue to see much growth with the city's cooperation in fostering economic development. The highest & best use for this area is mixed use, amongst many others. The city has plans to dredge the lake within the next 24 months as well as continue to build out the boardwalk around the lake. The city has contiguous parcels & is very open to discussions with developers & welcoming new ideas to diversify the city's footprint. Great opportunity for many uses on the lak...
WATERFRONT DEVELOPMENT OPPORTUNITY! A progressive opportunity that is situated on +/- 5.27 acres with +/- 3 acres of uplands including road easement right on 89-acre Lily Lake located in McHenry County, with views of the lake all around. With frontage on IL RT 120 (Rand Rd) in the highway commercial district, Lakemoor is a fast growing area boasting strong demographics & many new residential & retail development. This area will continue to see much growth with the city's cooperation in fostering economic development. The highest & best use for this area is mixed use, amongst many others. The city has plans to dredge the lake within the next 24 months as well as continue to build out the boardwalk around the lake. The city has contiguous parcels & is very open to discussions with developers & welcoming new ideas to diversify the city's footprint. Great opportunity for many uses on the lake with potential re-zoning options.
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