21 Hillside DrFox Lake, IL 60020

  • Commercial land
  • 1.06 AC
For Sale
$299,900 View listing

Property Details for 21 Hillside Dr

Lot size
1.06 AC
Property type
Commercial land
APN
05-10-301-035
APU
510301035

Description

This exceptional 2-acre commercial land parcel presents a remarkable investment opportunity in Fox Lake, Illinois. Located at 21 Hillside Dr, 60020, this property boasts a prime location at the corner of Rollins Road and Hillside Drive, offering excellent visibility and accessibility. The lot features mostly level topography, simplifying development, and benefits from an existing ALTA survey. All utilities and necessary curb cuts are already in place, significantly reducing development costs and timelines. Importantly, the property is free from identified wetlands or floodplains, minimizing environmental concerns. Zoned B-2 by the Village of Fox Lake, this land is ideally suited for a variety of commercial uses, complementing the existing mix of office, retail, and multi-family properties in the area. Its proximity to the downtown area and train station ensures high visibility and convenient access for businesses. A unique advantage is its location directly across from the respected senior housing communities, "Lilac" and "Paradise Park," presenting a compelling opportunity to serve this growing demographic. The property's APN is 0510301035, and it is owned by an LLC. The asking price is $299,900. Prospective buyers are encouraged to conduct their own due diligence.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,546,474
    Hospitality
    $8,744,519
    Educational
    $7,275,337
    Medical
    $7,525,547
    Retail
    $11,317,191

Location Insight

City
Fox Lake
County
Lake
State
Illinois
Latitude
42.3934
Longitude
-88.1779
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$919
$45,751
-
$45,751
-
$137,267
-
$137,267

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