11 Shagbark Road, Lake Bluff, IL

$650,000

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2

Beds

1

Bath

888

Square feet

0.43

Acres

About 11 Shagbark Road

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.

Features of 11 Shagbark Road

MLS® # 11392412
Price $650,000
Bedrooms 2
Bathrooms 1.00
Full Baths 1
Square Footage 888
Acres 0.43
Year Built 1954
Type Residential
Sub-Type Detached Single
Style Ranch
Status Active

Community Information

Address 11 Shagbark Road
Area Lake Bluff
City Lake Bluff
County Lake
State IL
Zip Code 60044

Amenities

Parking Spaces 2
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Appliances Range, Refrigerator
Heating Natural Gas
Cooling Central Air
Fireplace No
Stories 1 Story
Has Basement Yes
Basement None

Exterior

Exterior Cedar
Roof Asphalt
Foundation Concrete Perimeter

School Information

District 115
High Lake Forest High School

Additional Information

Days on Market 812
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees Freq. Not Applicable

Listing Details

OfficeColdwell Banker Realty

Listing Map

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