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$650,000

Beds
2
Baths
1.0
sq ft
888

11 Shagbark Rd, Lake Bluff, IL 60044

11 Shagbark Rd

Lake Bluff, IL 60044

  • 965 days on market
    • Price drop $340,000↓
Value is in the land for redevelopment. Consists of one single family home located at 11 Shagbark Road. The Sunset Motel located at 511 Rockland Road and 8 Skokie Valley Road Office Building are being sold separately under MLS #'s 11392402 and 11392405. Seller will sell this four parcel lot package with a total of 62,624 sq ft parcel at $5,900,000. Sunset Motel is currently open and operating. Office building at 8 Skokie BLVD has a few month to month tenants in place. SFH at 11 Shagbark is rented with a month to month lease in place. PIN numbers 12-19-206-014, 12-19-206-15, 12-19-206-010 and 12-19- 206-007. Rare North Shore commercial redevelopment land acquisition opportunity available in Lake Bluff, IL. Major market areas include Lake Bluff, Lake Forest, Green Oaks and Libertyville, IL. General Commercial and Residential Zoning currently in place. Located in unincorporated Lake Bluff - Current Lake County Zoning. Buyer could voluntarily annex into the Village of Lake Bluff - Lake Bluff willing to offer financial incentives! Recent developments include new Target & Chase Bank plus retail strip malls directly across the street on Route 176 (Rockland Road) Adjacent to the brand new Northwestern Medicine building that just sold for $8,150,000 in 2021, which is located directly across the street on Route 176. Sold in May of 2020 for $3,700,000 for 41,040 sq ft parcel. This sales comparable sold for $90.16 per sq ft. Thriving commercial corridor serving Lake Bluff & Lake Forest residents plus large daytime employment from Abbott Labs and many surrounding businesses. Value is in the land! This offering is part of a larger eight-parcel assembly of contiguous properties that total 2.75 acres of commercial and residential land. Possible rezoning of all parcels to be either commercial or residential. Future use for new retail, medical, multi-family, drive-thru etc. Contact John Josephitis for full Offering Memorandum and complete details on the overall development opportunity.

Details

Property type

Single Family Residence

Lot size

0.43 acres

Price per sq ft

$732

Year built

1954

Annual property taxes

$3,406.54

Price History

05/03/2022
MRED

MRED #11392412

Listed
$650,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Lake Forest High School

School district: 

Lake Forest High School

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13 Shagbark Rd, Lake Bluff, IL 60044

Status: Active

Tomo last checked: 12/23/2024 at 7:30 PM

Listing updated: 11/07/2024 at 12:13 PM

Listed by: John Josephitis, Coldwell Banker Realty Phone #: (847) 234-8000

MLS: MRED #11392412

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