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$675,000

Beds
2
Baths
1.0
sq ft
1,002

17 Shagbark Rd, Lake Bluff, IL 60044

17 Shagbark Rd

Lake Bluff, IL 60044

  • 934 days on market
    • Price drop $306,000↓
Value is in the land for redevelopment site. Offering consists of 15 and 17 Shagbark Road to be sold together as one sale. Two single family homes currently rented to tenants on month to month leases. 17,999 sq ft parcel and 13, 286 sq ft parcel offered together at $675,000 each for a total of $1,350,000. Do not disturb tenants. 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 sold for $8,150,000 in 2021, which is located directly across the street on Route 176. Land 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

0.31 acres

Price per sq ft

$674

Year built

1950

Annual property taxes

$4,292.6

Price History

05/03/2022
MRED

MRED #11392423

Listed
$675,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Lake Forest High School

School district: 

Lake Forest High School

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11 Shagbark Rd, Lake Bluff, IL 60044

Status: Active

Tomo last checked: 11/23/2024 at 3:15 AM

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

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

MLS: MRED #11392423

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