5.0 Acre Development Site Approved for Senior Housing

$960,000
27888 N Beech St
Island Lake, IL 60042
5.0 acres
Development Site for Senior Housing
  • Approved site for senior housing development in Island Lake
  • 5.0 acre development site with potential for up to 84 units

The Details

  • 5.0 acre redevelopment site
  • Approved for senior housing development with up to 84 units
  • Up to 3-story building
  • Full municipal support
  • Lot Dimensions: 330’ x 660’
  • All utilities available to site
  • Adjacent site may be available for a larger development
  • Adjacent to Route 176 restaurant and shopping corridor
  • Grocery store, restaurants and shopping nearby 
  • Zoning: R-5

A future senior housing site located within The Village of Island Lake and zoned R5, with a special-use permit allowing up to 84 units of ANY senior housing type. A maximum building height of 3 stories is allowed and all utilities are located at the NE corner of the site. The adjacent 12 acres shares common ownership and can be made all or partially available for a larger development. The Village of Island Lake is in support of this project and would likely support adding additional land and unit counts. Bring your developer and their building type for independent living, assisted living, memory care, skilled nursing, etc., or a combination of each. The site plan and elevation depicted herein are only conceptual and provide an example of what is currently approved for development. Submit your site plan and break ground right away!!!

Property Contacts

312-338-3001
312-338-3012

Property Inquiry

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