11, Shagbark, Road, Lake Bluff, IL, 60044
11, Shagbark, Road, Lake Bluff, IL, 60044- 2 beds
- 1 bath
- 888 sq ft
Basics
- Date added: Added 3 months ago
- Type: Residential
- Status: Active
- Bedrooms: 2
- Bathrooms: 1
- Half baths: 0
- Total rooms: 5
- Area: 888 sq ft
- Year built: 1954
- ListOfficeName: Coldwell Banker Realty
- GarageSpaces: 2
- ListAOR: mred
- MLS ID: MRD11392412
Description
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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.
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Rooms
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Rooms:
Room type Dimensions Level N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Bedroom 2 12X10 Main Bedroom 3 N/A Bedroom 4 N/A Dining Room 12X10 Main Family Room N/A Kitchen 12X12 Main Laundry N/A Living Room 12X14 Main Master Bedroom 12X11 Main
Location
- CountyOrParish: Lake
- Directions: Route 176 to Shagbark Road. North on Shagbark to 11 Shagbark Road.
Building Details
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- FireplaceYN: No
- PoolPrivateYN: No
- Amenities: