11 Shagbark Road Lake Bluff, IL 60044
Listing Courtesy of: Midwest Real Estate Data / Coldwell Banker Realty / John Josephitis

  11 Shagbark Road Lake Bluff, IL 60044

Active (723 Days)
$650,000
2
BED
1
BATH
888
SQFT

Description

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.

MLS #:
11392412
Taxes
$3,407(2021)
Lot Size
0.43 acres
Type
Single-Family Home
Year Built
1954
Style
Ranch
School District
115,65
County
Lake County

Listed By

John Josephitis, Coldwell Banker Realty
Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Apr 24 2024 at 6:07 PM GMT+0000
Bathroom Details
  • Full Bathroom: 1
Interior Features
  • Appliance: Range
  • Appliance: Refrigerator
Property Features
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Natural Gas
  • Central Air
Basement Information
  • None
  • Crawl
Exterior Features
  • Cedar
  • Roof: Asphalt
Utility Information
  • Utilities: Water Source: Lake Michigan, Water Source: Public
  • Sewer: Public Sewer
School Information
  • High School: Lake Forest High School
Garage
  • Detached
Living Area
  • 888 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 2% - $475
Location
   
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Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.