Value Is In The Land For Redevelopment. Tenant Occupied. Consists Of 8 Skokie Valley Road Office Building, The Sunset Motel Located At 511 Rockland Road And One Single Family Home Located At 11 Shagbark Road listed for $475,000. Owner prefers to sell the lot/home at 11 Shagbark with this listing at 511 Rockland Road listed at $1,500,000. Sunset Motel Is Currently Open And Operating. Office Building At 8 Skokie BLVD Has A Few Month To Month Tenants In Place and is listed at $1,250,000. SFH At 11 Shagbark Is Rented With A Month To Month Lease In Place. No interior showings for house unless buyer wishes to acquire both 11 Shagbark and 511 Rockland Road together. 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).v 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 could be 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.
Details
MLS #
12371411
Listing Type
For Sale
Style
Multi Family 5+
Sub-Type
Resale
Status
Active Under Contract
Year
1960
Days On Site
483
Listing Provided By
Coldwell Banker Realty | John Josephitis
Features
SQ Feet
5,729
Story(s)
1
Units
13
Zoning
COMMR
Acreage
0.50
Exterior
Roof
Composition
Foundation Details
Concrete Perimeter
Construction Materials
Brick
Taxes
Tax Year
2024
Tax Annual Amount
14935.78
Area Information
State
IL
County
Lake
City
Lake Bluff
Zip Code
60044
Area
Lake Bluff
Sourced by Back At You
MLS Number: 12371411
John Josephitis – (847) 373-1766 – john.josephitis@cbrealty.com
Coldwell Banker Realty – (847) 234-8000
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MLS Number: 12371411
John Josephitis – (847) 373-1766 – john.josephitis@cbrealty.com
