Vacant Land for Sale
Catylist Listing ID: 30618309
Property Subtypes: Multi-Family, Other
Gross Land Area: 5 Acres
Sale Price: $1,008,000
Unit Price: $201,600 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/28/2020

Overview / Comments

An IDEAL SENIOR HOUSING DEVELOPMENT SITE - 5 ACRES - PLUS ADDITIONAL LAND is available by same ownership allowing developer great flexibility. This 5 Acre site has recently been Annexed, Zoned R-5 with Special Use and approved by The Village of Island Lake for upto 84 Units and 3 Floors of a variety of SENIOR USES; such as, Assisted Living, Memory Care, Independent Care, etc.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 0928100016

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,520 39,204 90,571
Median Age: 37.91 38.47 39.85
Households: 2,032 13,912 32,605


Photograph of Listing Agent

Brian Coleman

Brian Coleman & Associates
ICEx Member
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