Former Al Capone Hideaway - Waterfront Development

Fox Lake, IL (Lake County)

Former Al Capone Hideaway - Waterfront Development
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Asking Price: $5,500,000

Gross Revenue: N/A

Price/Sq. Ft.: $8.00

NOI: N/A

Building SF: N/A

FF&E: N/A

Year Built: 1960

Former Al Capone Hideaway - Waterfront Development

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Property Description

Property is located in northeastern Illinois, midway between Chicago and Milwaukee. Situated on the Chain-of-Lakes recreational area. This large scale development opportunity is located on one of the worlds busiest water ways of Chain of Lakes. Property consists of 15.5 +/- acres of usable land as has 380’ of water frontage. Property is improved with city sewer and water and is zoned B5 & R3 / with multiple PIN’s.

Property is being marketed as a waterfront condo/hotel development. The immediate locale around the site is home to many water events, a Venetian night, organized boat races, etc. The area is managed by the National Parks and they work to preserve fishing, wildlife, as well as the ecosystem.

Best suited for: Mixed use marina / condo development with boat slips & clubhouse. Also senior living center or hotel with with restaurant / banquet center ( none in the area ) with boat slips and/or marina. All Acreage is usable and could have double Ingress and Egress to property.

Last Large Parcel on the Chain O’ Lakes. Village is very receptive with the possibility of a new development. The immediate locale around the site is home to many water events, a Venetian night, organized boat races, etc. The area is managed by the National Parks and they work to preserve fishing, wildlife, as well as the ecosystem.

(This property has a Hotel where the famous Al Capone spent time)

Attached Documents


Detailed Information

Location:
Fox Lake, IL
Type:
Vacant Commercial Land
Building Status:
Established
Current Property Expenses:
TAXES $82,250
Location Description:
Property consist of 15.5+/- Ac of waterfront and all usable land and has 380' of water frontage. Property is improved with city sewer & water and is zoned B5 & R3 /with multiple pins. Property has great elevations & views. All Utilities ti site.
Current and Prior Use:
MARINA ( BOAT REPAIR, BOAT STORAGE, HOTEL)
Business Website:
http://buildout.com/website/513510-sale
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Eddy Dingman

Property Listed By:
Eddy A. Dingman

Coldwell Banker Commercial NRT National Golf and Marina Properties

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