Thank you
John Josephitis
Coldwell Banker Realty
847-234-8000
Value is in the land for redevelopment. Consists of one single family townhome located at 508 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 is being sold separately under MLS 11392402. Sunset Motel is currently open and operating. 11 Shagbark is rented with a month to month lease in place. PIN numbers 12-19-206-014, 12-19-206-15 and 12-19- 206-007 are also for sale. Other properties in this offering are 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 about 120,000 sq ft or 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.
Total Bedroom: 2
Room Types: No additional rooms
Total Baths: 2
Full Baths: 1
Half Baths: 1
Rooms Total: 5
Hardwood Floors, Laundry Hook-Up in Unit
Roof : Asphalt
Appliances : Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Asphalt
Heating: Electric, Baseboard
Cooling: Window/Wall Units - 2
WaterSource: Lake Michigan
Year Built: 1973
Storms/Screens, Outdoor Grill
Foundation Details: Concrete Perimeter
Lot Dimensions: 0.088
Lot Description: Landscaped
Lot Size Source: County Records
Property Type: Residential
Sub Type: Attached Single
Type Attached: Townhouse-2 Story
Original List Price: $340000
Annual Tax: $2993.4
Tax Year: 2021
Parcel Number: 12192060020000
Tax Exemption: None
Total Parking: 2
Assigned
# Of Cars: 2
Parking: Space/s
Is Parking Included in Price: Yes
Included Fees: Insurance, Security, Lawn Care, Scavenger, Snow Removal
Included Amenities: Storage
HOA : $125 Monthly
Elementary School: Lake Bluff Elementary School
Junior High School: Lake Bluff Middle School
Senior High School: Lake Forest High School
Sewer: Public Sewer
Water Source: Lake Michigan
City: Lake Bluff
Direction: ROUTE 176 W OF GREEN BAY, NORTH ON SHAGBARK TO WASHINGTON
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
108 Kohl Avenue, Lake Bluff, IL,60044 | $749,000 | 4 | 3 | 3,375 | 0.25 Acre |
506 W Washington Avenue, Lake Bluff, IL,60044 | $340,000 | 2 | 2 | 984 | -- |
11 Shagbark Road, Lake Bluff, IL,60044 | $650,000 | 2 | 1 | 888 | 0.43 Acre |
15 Shagbark Road, Lake Bluff, IL,60044 | $675,000 | 2 | 1 | 840 | 0.42 Acre |
17 Shagbark Road, Lake Bluff, IL,60044 | $675,000 | 2 | 1 | 1,002 | 0.31 Acre |
13 Shagbark Road, Lake Bluff, IL,60044 | $675,000 | 2 | 1 | 1,040 | 0.41 Acre |
120 N Waukegan Road, Lake Bluff, IL,60044 | $120,000 | -- | -- | -- | 0.13 Acre |
546 Lakeland Drive, Lake Bluff, IL,60044 | $4,175,000 | 5 | 8 | 7,418 | 1.39 Acres |
524 E Washington Avenue, Lake Bluff, IL,60044 | $2,050,000 | 5 | 5 | 4,500 | 0.39 Acre |
700 Crab Tree Farm Lane, Lake Bluff, IL,60044 | $19,900,000 | 5 | 8 | 9,990 | 31.85 Acres |
Disclaimer: The information being provided courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of theMidwest Real Estate Data LLC (MRED). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of Midwest Real Estate Data LLC (MRED). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
Based on information submitted to the MLS GRID as of 04/27/2024 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Properties displayed may be listed or sold by various participants in the MLS.
ByOwner last updated this listing 04/27/2024 @ 06:20
MLS: MRED #11687323
LISTED BY: John Josephitis, Coldwell Banker Realty
SOURCE: Midwest Real Estate Data LLC (MRED)
Buyer Agency Compensation: 2.0% - $475
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.