815 Bay Road

MCHENRY, IL 60051

$4,500,000

 
MLS# 09496058


Description

Historic Pistakee Country Club is situated on one of the most beautiful parcels in the entire Chain of Lakes area. Located just south of Pistakee Lake, this sale is a great opportunity to create an upscale single family, multi-family, condo & mixed use commercial development. Pre-Annexation agreement with the Village of Lakemoor, IL has been negotiated and includes redevelopment scenarios, incentive packages, property tax abatement, density bonuses, zoning variations & permit fee reductions. Once annexed into Lakemoor, municipal water and sewer can be brought to the site via SSA options, recapture fees possible when coordinated with adjacent properties. Water and sewer to site via Lincoln and Cuhlman Roads. Once annexed into Lakemoor, the property could handle approximately 225 plus single family homes on lots sizes as small as .2 acres. Add 11 acres to the east to create a larger development of 67 acres that would then have direct water access to Pistakee Lake and the Chain of Lakes
Listed:
02/06/17
Original Price:
$5,000,000
Price Change:
10.0%

This listing 815 Bay Road Mchenry, Il 60051 is a land listing with on a lot of 2,392,315 sqft (or 54.92 acres). 815 Bay Road is located in Mchenry and in ZIP Code 60051. It has been listed on our site since Feb 6, 2017.

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