This 134-acre offering presents an exceptional mixed-use development opportunity on the northwest corner of Route 176 and South River Road in Island Lake, Illinois. The property encompasses Griswold Shores with unparalleled lakefront features, making it an ideal setting for vibrant residential and retail integration. Currently designated for a mix of uses, the parcels include approximately 90 acres of residential land allowing waterfront lots and private lake access, as well as 5 acres of prime retail at a prominent intersection with outstanding visibility. Conceptual plans envision residential options such as single-family homes, townhomes, condominiums, and senior living during continued high demand for lifestyle-focused communities. This property also features over 2,000 linear feet of shoreline on Griswold Lake offering stunning views, sandy beaches, and potential for recreational amenities such as boat launches, playgrounds, and private piers. Positioned between Chicago and Milwaukee, the site benefits from accessibility to major thoroughfares, established neighborhoods, and robust local retail including McDonald’s, Dunkin’, Walgreens, and AutoZone. High traffic counts (21,800 VPD on Route 176 and 13,710 VPD on S. River Rd) coupled with the surrounding population base ensures excellent commercial potential. With its scale, visibility, and proximity to growing communities, Griswold Shores offers developers and investors an opportunity to bring a truly unique waterfront residential and retail destination to market.