Main characteristics
- Property type
- Townhome
- Type of ad
- For Sale
- Location
- Lake in the Hills, Illinois
- Price
- $850,000
- Square footage
- 1,641 sqft
- Plot area
- 4.88 Acres
- Number of bedrooms
- 3
- Number of bathrooms
- 3
Amenities
- Walking Paths
Property summary
LOCATION LOCATION LOCATION DEVELOPMENT DREAM PARCEL! Superior Builder's dream location: This parcel of land is annexed into Lake In The Hills, within the Crystal Lake School District...just East of the Huntley Boarder, Just South of Crystal Lake/Lakewood Boarder and just West of Algonquin. Close to the Metra Train Station, I-90 Access, near the Randall Road Golden Corridor for shopping, dinning and entertainment! Close to schools, parks, Huntley Northwestern Medicine Hospital, the Redtail Golf Course/Pinecrest Golf Course, walking paths and every convenience imaginable. This is an absolute central location to every amenity a buyer dreams of! This parcel of land is near the NEW Construction residential developments such as; Trails of Woods Creek by Pulte Homes, Grand Reserve by DR Horton, West View Crossing by Lennar and Fieldstone by M/I Homes. This is the most desirable land site left in this area....just a short distance East of the Boulder Ridge Country Club Development and Entrance on Miller Road. Builders, Developers, Investors....This is an excellent location and opportunity for Multi-Family Development. This parcel is annexed into Lake In The Hills, and Zoned R-4 Multi-Family. Within the R-4 zoning district Town Homes (single-family attached dwellings) are a permitted use, Multi-Family (apartments) are also a permitted use. Senior Housing is allowed in the R-4 district with approval of a conditional use. This location/area supports high end town home sale prices, and high end rental rates. The Village of Lake In The Hills had approved this site for a 24 unit town home planed unit development for 2 story dwellings ranging from 2,173 square feet to almost 2,400 square feet per unit in 2006...and currently is receptive to looking at similar plans and plans for more "units" with less square footage, as well as apartments and would consider senior housing as well. The backup package includes the annexation agreement from 2006. This document includes all of the approved property owner and Village obligations, and includes the approved tentative plat, engineering and landscaping plans. Per the Village Code, the final documents would need to have been approved within one year. As the plans are from 2006, the Village would need full new plans for any proposed development. This document provides an excellent start for a prospective developer considering building the same town homes. The Village of lake In This Hills is receptive and eager to see this parcel developed! Also included in the backup package is Section 7 of the Zoning Code. Any new development would need to comply with the minimum lot size, minimum setback, maximum height and minimum floor area requirements in Section 7 of the Zoning Code. There is currently a ranch home on the property and pole/metal building...both are rented on a month to month basis adding additional income until you are able to start your project! Frontage Road: Miller Road. Traffic Counts on Miller Road: 5,800 VPD. Crystal Lake Schools, and the highly desirable Crystal Lake South High School District. This is an exceptional prime development opportunity. Adjacent to residential development, in one of the fastest growing Areas in Illinois. Aerial Videos are also linked if you click on the "virtual tour tab" under the photos, the 1st aerial video is displayed, aerial video 2 u0026 3 are the next "video" links next to "virtual tour" tab.
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