Multi-Family/Assisted Living Site
329 Thomas Ln
Fox Lake, IL 60020
Highlights
- 12 million in improvements with site development and detention
- Adjacent to a 100-unit 55 plus apartment building with waiting list
- Engineering and site plans are approved for assisted living, multifamily will use existing footprint, engineering near completion, multifamily zoning approved by the city
- Seller completion available
- 16-18 months to complete construction
- The Village and Mayor of Fox Lake support the project
Description
Caton Commercial Real Estate has been retained to exclusively offer for sale 5.71 acres with improvements at 329 Thomas in Fox Lake. The approved assisted living project consists of a 99,000 SF building, with an additional 13,000 SF in Phase 2. The plans are for approximately 111 beds consisting of independent living, assisted living, and memory care units. The infrastructure and foundation can also be used to complete 161+/- multi-family rental units.
The site has approximately 12 million in improvements including the foundation, elevator shafts, detention area, mass grading, underground plumbing and electric, and some of the floor has been poured. Sewer water is to site. The storm water detention area and street improvements are complete.
Immediately adjacent to a 100 unit 55+ apartment community with waiting list.
