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    1201 N Fairfield Road

    Wauconda, IL 60084
    • $790,000
    • STATUS: Active
    • ON SITE: 224 days
    • MLS #: 10927298
    UPDATED: 23 min ago
    $790,000
    • 0
      BEDS
    • 2.88
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    School District:
    79

    Description

    Vacant land borders both Fairfield Road & Bonner Road on the edge of Wauconda. The village identifies this parcel as commercial in its long range plan. An easement exists for bringing water and sewer to the property under Millennium trail. Traffic counts conducted in 2009, before the traffic light was installed and intersection was widened, were 13,634 for Fairfield Road and 5,632 for Bonner Road, with anticipated annual growth of 3 percent. This parcel is to be sold together with PIN 10-19-200-003, which has a 4-unit bldg that now generates $32,775 annual NI. See ALTA & site plan for proposed coffee shop, other retail, and apartments above in attachments. This property is on the intersection of two county highways. Lake County Transportation Department's general policy is to provide access only from the least traveled road. It is important to note, however, that if access is only provided from Bonner Road, all access and egress would need to cross over the Forest Preserve's Millennium Trail easement along the property's southern edge. It is the seller's opinion that a strong argument can be made for a right-only in and right-only out access and egress from the Fairfield Road southbound lane as a way of mitigating hazards to pedestrians, bicyclists, runners and equestrians on the trail. Should the Forest Preserve District elect to reroute the trail underneath Bonner Road via tunnel to avoid such potential hazard, that would effectively abandon the easement, making more property available for business expansion.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-06-18T23:52:30.643 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1201 N Fairfield Road Wauconda, IL 60084

    • Price: $790,000
    • Status: Active
    • Updated: 23 min ago
    • MLS #: 10927298
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.88
    Acres
    Neighborhood:
    Wauconda
    County:
    Lake
    Area:
    Wauconda
    Elementary School:
    Fremont Elementary School
    Middle School:
    Fremont Middle School
    High School:
    Mundelein Cons High School
    School District:
    79
    Property Description
    Vacant land borders both Fairfield Road & Bonner Road on the edge of Wauconda. The village identifies this parcel as commercial in its long range plan. An easement exists for bringing water and sewer to the property under Millennium trail. Traffic counts conducted in 2009, before the traffic light was installed and intersection was widened, were 13,634 for Fairfield Road and 5,632 for Bonner Road, with anticipated annual growth of 3 percent. This parcel is to be sold together with PIN 10-19-200-003, which has a 4-unit bldg that now generates $32,775 annual NI. See ALTA & site plan for proposed coffee shop, other retail, and apartments above in attachments. This property is on the intersection of two county highways. Lake County Transportation Department's general policy is to provide access only from the least traveled road. It is important to note, however, that if access is only provided from Bonner Road, all access and egress would need to cross over the Forest Preserve's Millennium Trail easement along the property's southern edge. It is the seller's opinion that a strong argument can be made for a right-only in and right-only out access and egress from the Fairfield Road southbound lane as a way of mitigating hazards to pedestrians, bicyclists, runners and equestrians on the trail. Should the Forest Preserve District elect to reroute the trail underneath Bonner Road via tunnel to avoid such potential hazard, that would effectively abandon the easement, making more property available for business expansion.
    Exterior Features

    Frontage Length 585 Frontage Type County Road Land Description ClearedWooded Location CornerForest Preserve Adjacent Lot Size 2.0-2.99 Acres Number Of Cars 0 Rail Availability None Road Surface Type Asphalt Waterfront YN No

    Interior Features

    Basement Bathrooms YN No

    Property Features

    Additional Parcels YN Yes Backup Package YN No Buildings On Land YN Yes Corporate Limits Wauconda Current Use Zoning Change Required Farm No General Information School Bus Service Known Existing Liens None Known Land Amenities Curbs And Gutters Ownership Type Individual Possible Use Commercial Seller Needs Cash Special Assessments No Special Listing Conditions None Special Service Area N Tax Annual Amount 11762 Tax Year 2019 Utilities Electric To SiteGas To SiteSanitary SewerWater-Nearby Zoning Other

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Blue Fence Real Estate Inc..


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-06-18T23:52:30.643 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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