$1,000,000
$1,330,000
24.8%For more information regarding the value of a property, please contact us for a free consultation.
2.52 Acres Lot
SOLD DATE : 05/07/2019
Key Details
Sold Price $1,000,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10085037
Sold Date 05/07/19
Annual Tax Amount $18,529
Tax Year 2017
Lot Size 2.520 Acres
Lot Dimensions 268 X 346
Property Sub-Type Land
Property Description
2.52 acre prime hotel site just off the NWC of the intersection of 2 State highways (Route 14 and Route 31). Ideally located near the busy D'Andrea Banquets and Conference Center, located on the SE Corner of Routes 14 and 31. Approved for a 4-story 109 room hotel. Bank owned and bank will finance construction for a qualified buyer. Bank has 8/2018 Feasibility Study, 2/18 STR Report, site engineering plans, City of Crystal Lake approval for hotel development. Walk to restaurants and shopping.
Location
State IL
County Mc Henry
Area Crystal Lake / Lakewood / Prairie Grove
Zoning OTHER
Interior
Fireplace N
Exterior
Utilities Available Electric Nearby, Gas Nearby, Sanitary Sewer, Water Nearby
Schools
School District 47 , 47, 155
Others
Ownership Fee Simple
Special Listing Condition REO/Lender Owned
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Bought with Bruce Kaplan • Premier Commercial Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "