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613-615 Rand Road, Lakemoor, IL 60051
$845,000
613-615 Rand Road, Lakemoor, IL 60051View this property at 613-615 Rand Road, Lakemoor, IL 60051
613-615 Rand RoadLakemoorIL60051
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Property Description
WATERFRONT DEVELOPMENT OPPORTUNITY!! This extraordinary property encompasses approximately 5 acres, with a road easement, right on the picturesque 89-acre Lily Lake, nestled within the thriving McHenry County. Located directly on Rt. 120 and just West of the new Woodman's Development at Rt. 12 & 120 gives prime exposure to increasing vehicle traffic. Lakemoor is an area experiencing rapid growth, with robust demographics and a burgeoning landscape of fresh residential and retail developments. This locale is poised for ongoing expansion, thanks to the city's proactive approach to fostering economic growth. The optimal utilization for this property extends to mixed-use possibilities, among other potentials. In the coming months, the city has plans for lake dredging and further expansion of the scenic boardwalk encircling the lake. The city holds adjacent parcels and eagerly invites discussions with developers, embracing novel concepts to enrich the city's footprint. This represents a unique opportunity for diverse applications on the lake, with potential rezoning options on the horizon. Property currently has a 4,800sf sports bar / restaurant with gaming machines...earn income while you develop!
Full Property Details
Full Property Details for 613-615 Rand Rd
General
- Price: $845,000
- Taxes: $12,532 (2021)
- Status: Active
- Type: Lots/Land
- MLS ID: 11902659
- Updated: 3/29/2024
- Added to Site: 211 day(s) ago
Location
- Area: Holiday Hills / Johnsburg / McHenry / Lakemoor / McCullom Lake / Sunnyside / Ringwood
- County: Mc Henry
- Township: McHenry
- Driving Directions: Southeast corner of IL RT 120 (Rand Rd) & East Blvd., S side of road on Lily Lake
School Information
- School District: 156
- Elem School District: 156
- Midd School District: 156
- High School District: 156
Utilities
- Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Well Private
Structural Information
- Square Feet: 5.27
- Current Bldg. Use: Commercial
Lot Features
- Lot Size (Acres): 5.27
- Lot Size Range: 5.0 to 5.99 Acres
- Lot Dimensions: 270 x 285
- Frontage: City Street, Easement
- Frontage Feet: 270
- Street/Road Desc.: Asphalt, Dirt, Gravel
Water Features
- Water Front: Yes
Financial Considerations
- Tax Amount: $12,532.38
- Tax Year: 2021
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 1032381027
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Price & Sales History for 613-615 Rand Rd
Date
Details
Price
Change
Source
10/06/2023
Listed
$845,000
2716.67%
MLS
9/28/2021
Sold
$30,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 613-615 Rand Rd
Year
Property Taxes
Change
Tax Assessment
Change
2022
$1,424
6%
$15,728
7%
2021
$1,340
—
$14,647
4%
2021
$1,340
4%
$14,036
5%
2019
$1,283
-3%
$13,328
12%
2017
$1,316
3%
$11,942
7%
2016
$1,278
1%
$11,161
7%
2015
$1,264
-7%
$10,392
-18%
2018
$1,364
7%
$12,724
20%
2014
$1,276
3%
$10,619
-3%
2013
$1,242
3%
$10,988
-8%
2012
$1,206
—
$11,937
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 613-615 Rand Rd
613-615 Rand Road, Lakemoor, IL 60051 (MLS# 11902659) is a Lots/Land property with a lot size of 5.27 acres. 613-615 Rand Road is currently listed for $845,000 and was received on October 06, 2023. Want to learn more about 613-615 Rand Road? Do you have questions about finding other Lots/Land real estate for sale in Lakemoor? You can browse all Lakemoor real estate or contact a Coldwell Banker agent to request more information.