- 2 Beds
- 1 Bath
- 888 Sqft
- .43 Acres
11 Shagbark Road
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.
Essential Information
- MLS® #11392412
- Price$650,000
- Taxes$3,407
- Bedrooms2
- Bathrooms1.00
- Full Baths1
- Square Footage888
- Acres0.43
- Year Built1954
- TypeResidential
- Sub-TypeDetached Single
- StyleRanch
- StatusActive
Community Information
- Address11 Shagbark Road
- AreaLake Bluff
- CityLake Bluff
- CountyLake
- StateIL
- Zip Code60044
Amenities
- Parking Spaces2
- # of Garages2
Interior
- AppliancesRange, Refrigerator
- HeatingNatural Gas
- CoolingCentral Air
- Has BasementYes
- BasementNone
- Stories1 Story
Exterior
- ExteriorCedar
- RoofAsphalt
- FoundationConcrete Perimeter
School Information
- District115
- HighLake Forest High School
Additional Information
- Days on Market726
Listing Details
- OfficeColdwell Banker Realty
Price Change History for 11 Shagbark Road, Lake Bluff, IL (MLS® #11392412)
| Date | Details | Change |
|---|---|---|
| Status Changed from Price Change to Active | – | |
| Status Changed from Active to Price Change | – | |
| Price Reduced from $990,000 to $650,000 | ||
| Status Changed from New to Active | – |
Coldwell Banker Realty.
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Listing information last updated on April 28th, 2024 at 4:38pm CDT.