Thank you
John Josephitis
Coldwell Banker Realty
847-234-8000
Value is in the land for redevelopment site. Offering consists of 15 and 17 Shagbark Road to be sold together as one sale. Two single family homes currently rented to tenants on month to month leases. 17,999 sq ft parcel and 13, 286 sq ft parcel offered together at $675,000 each for a total of $1,350,000. Do not disturb tenants. 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 sold for $8,150,000 in 2021, which is located directly across the street on Route 176. Land 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.
Total Bedroom: 2
Room Types: No additional rooms
Total Baths: 1
Full Baths: 1
Rooms Total: 5
Roof : Asphalt
Appliances : Range, Refrigerator
Asphalt
Heating: Natural Gas
Cooling: Central Air
WaterSource: Lake Michigan, Public
Year Built: 1950
Lot Dimensions: 74 X 180
Lot Acres: 0.31
Lot Size: .25-.49 Acre
Lot Size Source: County Records
Property Type: Residential
Style: Ranch
Sub Type: Detached Single
Type Detached: 1 Story
Original List Price: $981000
Annual Tax: $4292.6
Tax Year: 2022
Parcel Number: 12192060040000
Total Parking: 2
Parking: Garage
Is Parking Included in Price: Yes
Driveway: Concrete
Garage Type: Attached
Garage Space: 2
Garage On-Site: Yes
Garage Ownership: Owned
Included Fees: None
Senior High School: Lake Forest High School
Sewer: Public Sewer
Water Source: Lake Michigan, Public
City: Lake Bluff
Direction: Route 176 to Shagbark Road. North on Shagbark to home.
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 | -- |
508 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 |
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 |
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Based on information submitted to the MLS GRID as of 04/27/2024 @ 18:20. 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.
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ByOwner last updated this listing 04/27/2024 @ 18:20
MLS: MRED #11392423
LISTED BY: John Josephitis, Coldwell Banker Realty
SOURCE: Midwest Real Estate Data LLC (MRED)
Buyer Agency Compensation: 2% - $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.