Multi-Family/Assisted Living Site

329 Thomas Ln, Fox Lake, IL 60020

  • For Sale $6,000,000
  • Property Type VacantLand
  • Property Size 99,000 SF
  • Units 110
  • Lot Size 5.71 Acre
  • Date Updated Apr 5, 2024
Immediately adjacent to a 100 unit 55+ apartment community with waiting list.Caton Commercial Real Estate has been retained to exclusively offer for sale 5.71 acres with improvements at 329 Thomas in Fox Lake. The approved assisted living project consists of a 99,000 SF building, with an additional 13,000 SF in Phase 2. The plans are for approximately 111 beds consisting of independent living, assisted living, and memory care units. The infrastructure and foundation can also be used to complete 161+/- multi-family rental units. The site has approximately 12 million in improvements including the foundation, elevator shafts, detention area, mass grading, underground plumbing and electric, and some of the floor has been poured. Sewer water is to site. The storm water detention area and street improvements are complete.

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Attachments

Highlights

  • 12 million in improvements with site development and detention
  • Adjacent to a 100-unit 55 plus apartment building with waiting list
  • Engineering and site plans are approved for assisted living, multifamily will use existing footprint, engineering near completion, multifamily zoning approved by the city
  • Seller completion available
  • 16-18 months to complete construction
  • The Village and Mayor of Fox Lake support the project

Contacts

broker

Bill Caton, CIPS

Caton Commercial Real Estate Group

(815) 370-1236

Location

Getting Around

  • Walk Score ®

    21/100 Car-Dependent

  • Bike Score ®

    19/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Fox Lake, IL
  • Neighborhood Fox Lake
  • Zip Code 60020
  • Market Chicago

Points of Interest

  • Fox Lake

    2.38 miles

  • Round Lake

    3.55 miles

  • Round Lake Beach

    5.04 miles

  • Lake Villa

    5.41 miles

  • Washington Street (Grayslake)

    5.70 miles

  • McHenry

    6.11 miles

  • Grayslake

    6.52 miles

  • Taxi Stand

    6.53 miles

  • Prairie Crossing

    8.09 miles

  • Prairie Crossing

    8.14 miles

  • Circle K

    0.52 miles

  • Marathon

    1.81 miles

  • Mobil

    1.87 miles

  • Mobil

    2.10 miles

  • STP

    2.10 miles

  • Shell

    2.26 miles

  • Thorntons

    2.35 miles

  • BP

    2.53 miles

  • Marathon

    2.57 miles

  • Citgo

    2.63 miles

  • <different> Boat Ramp

    1.15 miles

  • Volo Bog State Nature Preserve

    1.76 miles

  • Boat Launch

    2.05 miles

  • Whitetail Prairie

    4.10 miles

  • Oak Opening

    4.34 miles

  • Opossum Trail

    4.52 miles

  • Lake Defiance

    4.59 miles

  • Northern Woods

    4.62 miles

  • Leisure Village

    4.67 miles

  • Hickory Ridge

    4.77 miles

  • Fox Lake Motel

    2.20 miles

  • The Roxana Resort

    2.27 miles

  • Super 8

    6.38 miles

  • Fourth Lake Resort guest cabins

    6.58 miles

  • Hampton Inn McHenry

    7.51 miles

  • Best Western Plus

    7.93 miles

  • Dragonfly Bed and Breakfast

    8.12 miles

  • Courtyard

    8.23 miles

  • Hampton Inn & Suites Chicago-Libertyville

    9.17 miles

  • Sonesta Simply Suites Chicago Libertyville

    9.47 miles

  • Jimmy John's

    0.46 miles

  • Wendy's

    0.47 miles

  • China City

    0.64 miles

  • Dog 'n Suds

    1.22 miles

  • Famous Freddie’s

    1.43 miles

  • Za Za's Steakhouse & Italian

    1.53 miles

  • Moretti's Pizza

    1.57 miles

  • Maravela's Banquets

    1.79 miles

  • Culver's

    1.84 miles

  • Domino's

    2.02 miles

  • Gavin South Junior High School

    1.29 miles

  • Stanton School

    1.52 miles

  • Big Hollow Middle School

    1.62 miles

  • Big Hollow Elementary School

    1.65 miles

  • Grant Community High School

    1.76 miles

  • Saint Bede School

    2.09 miles

  • Gavin Central Elementary School

    2.14 miles

  • Forest School

    2.28 miles

  • Raymond Ellis Elementary School

    3.08 miles

  • Village Elementary School

    3.14 miles

  • Kiddie Kottage

    1.23 miles

  • La Petite Academy

    5.20 miles

  • KinderCare

    5.31 miles

  • Woodview Kindergarten

    5.62 miles

  • Nature's Scholars

    6.72 miles

  • McHenry Montessori School

    7.19 miles

  • Alta Vista Montessori School

    9.85 miles

Frequently Asked Questions

What is the lease rate for Multi-Family/Assisted Living Site?

Rental asking rate at Multi-Family/Assisted Living Site is $3,000,000.00/YR.

What is the total square footage of Multi-Family/Assisted Living Site?

Multi-Family/Assisted Living Site totals 99,000 square feet.

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Contact Listing Broker

broker

Bill Caton, CIPS

Caton Commercial Real Estate Group

(815) 370-1236