Corcoran Urban Real Estate
$0 to $5,000,000
Any Beds
Any Baths
For Sale
8 Properties Within 0.5 miles of: 512 W Washington, Lake Bluff
  • Pages:
  • 1
  • 2

512 W Washington
Lake Bluff, IL 60044

  • 2 Beds
  • 1 / 1 Baths
  • 984 Sq. Ft.
  • Built In 1973
Price

$312,500

Est Payment
$2,004 / month (details)  
Taxes
$2,856  
Assessments
$125  
Beds
2  
Baths
1 / 1  
Rooms
5  
Type
Attached Single  
Sq. Ft.
984  
Lot Size
0.129  
Built
1973  
Neighborhood
Lake Bluff  
MLS
#11662465
Status
Expired

Property Description

Value is in the land for redevelopment. Consists of one single family townhome located at 512 W Washington Avenue in unincorporated Lake Bluff. Three other townhomes in the Knollwood Townhomes are also for sale under separate listings. 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. 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. Other properties in this offering are the former Knollwood Fire Station and three single family homes located on Shagbark Road. 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 eleven-parcel assembly of contiguous properties that total 168,811 or 3.90 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
15X11
Dining Room
N/A
Kitchen
Main
Wood Laminate
11X11
Family Room
Main
Carpet
18X11
Laundry
Main
16X11
Master Bedroom
Second
Carpet
15X11
Bedroom 2
Second
Carpet
11X11
Bedroom 3
N/A
Bedroom 4
N/A

Utilities

  • Heating Electric, Baseboard
  • Cooling Window/Wall Units - 2
  • Water Lake Michigan
  • Sewer Public Sewer

Additional Information

Assessment Includes
Insurance, Security, Lawn Care, Scavenger, Snow Removal
Common Amenities
Storage
Interior Features
Hardwood Floors, Laundry Hook-Up in Unit
Exterior Features
Storms/Screens, Outdoor Grill
Appliances
Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Pets Allowed
No
Parking
2 Parking Spaces, Assigned, Parking On Site, Owned, Parking included in price
Schools
Lake Forest High School (115), Lake Bluff Middle School (65), Lake Bluff Elementary School (65)

Payment Calculator

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

Listing History

10-28-2022 Listed at $312,500
12-16-2022 Price decreased by $312,500 to $0
12-16-2022 Status changed to Unset
12-16-2022 Price increased by $312,500 to $312,500
12-16-2022 Status changed to Active
10-28-2023 Status changed to Expired
Last Modified 10/28/23 12:05 AM

Nearby Transportation

  • I 94 West 2.0 mi
  • I 94 East 2.1 mi
  • Hwy 41 South 4.0 mi
  • Hwy 41 North 4.4 mi
grid
Register to see 0 more properties