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11 Properties Within 0.5 miles of: 11 Shagbark, Lake Bluff
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11 Shagbark
Lake Bluff, IL 60044

  • 2 Beds
  • 1 Baths
  • 888 Sq. Ft.
  • Built In 1954
Price

$990,000

Est Payment
$5,326 / month (details)  
Taxes
$3,407  
Beds
2  
Baths
1  
Rooms
5  
Type
Detached Single  
Sq. Ft.
888  
Lot Size
108 X 180  
Built
1954  
Neighborhood
Lake Bluff  
MLS
#11392412
Status
Active (1 yr, 0 mth)

Property 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.

Property Map

Property Details

Rooms

Room
Level
Flooring
Size
Living Room
Main
Carpet
12X14
Dining Room
Main
12X10
Kitchen
Main
12X12
Master Bedroom
Main
Carpet
12X11
Bedroom 2
Main
Carpet
12X10

Utilities

  • Heating Natural Gas
  • Cooling Central Air
  • Water Lake Michigan, Public
  • Sewer Public Sewer

Additional Information

Appliances
Range, Refrigerator
Parking
2 Garage Spaces, Owned
Schools
Lake Forest High School (115), District 65

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

05-03-2022 Listed at $990,000
Last Modified 4/24/23 3:52 PM

Nearby Transportation

  • I 94 West 1.9 mi
  • I 94 East 2.1 mi
  • Hwy 41 South 4.0 mi
  • Hwy 41 North 4.5 mi
grid
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