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815 Bay Road, MCHENRY, IL 60051

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815 Bay Road, MCHENRY, IL 60051

$4,500,000

Lots and Land Taxes: $26,697.18 Style: Traditional Type: Land MLS #: 09496058
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Description of 815 Bay Road, MCHENRY, IL 60051

Historic Pistakee Country Club is situated on one of the most beautiful parcels in the entire Chain of Lakes area. Located just south of Pistakee Lake, this sale is a great opportunity to create an upscale single family, multi-family, condo & mixed use commercial development. Pre-Annexation agreement with the Village of Lakemoor, IL has been negotiated and includes redevelopment scenarios, incentive packages, property tax abatement, density bonuses, zoning variations & permit fee reductions. Once annexed into Lakemoor, municipal water and sewer can be brought to the site via SSA options, recapture fees possible when coordinated with adjacent properties. Water and sewer to site via Lincoln and Cuhlman Roads. Once annexed into Lakemoor, the property could handle approximately 225 plus single family homes on lots sizes as small as .2 acres. Add 11 acres to the east to create a larger development of 67 acres that would then have direct water access to Pistakee Lake and the Chain of Lakes

Directions to 815 Bay Road, MCHENRY, IL 60051

Route 12 north of Rt 120 to Bay Road. West to 815 Bay Road

Features of 815 Bay Road, MCHENRY, IL 60051

  • Central air
  • Brick exterior
  • Lot acreage is: 54.92
  • Lot dimension is: 528X2040 - 2040X1287
  • Lot zoned: SINGL
  • Present use: Commercial,Recreational,Residential-Single Family
  • Best use: Commercial,Residential-Multi-Family,Residential-Single Family
  • Well water
  • Septic system
  • Property style: Traditional
  • Tax year: 2015
  • Community clubhouse(s)

Mortgage Payments for 815 Bay Road, MCHENRY, IL 60051

The approximate monthly Principal & Interest payment for this property would be $21,327. This payment is based on a 30-year loan at a fixed rate of 3.90 % with a down payment of $450,000. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate, or contact a Mortgage Advisor for expert assistance.

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