Commercial, Recreational, Residential-Single Family
Building on Land
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
Commercial, Residential-Multi-Family, Residential-Single Family
Corner, Forest Preserve Adjacent, Golf Course Lot
Clubhouse, Fencing, Lawn Care
Electric to Site, Gas to Site, Septic-Private, Well-Private
Taxes & Fees
$28, 448 (2017)
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 2/6/17.
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*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.
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