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11 Shagbark Road

Lake Bluff, IL 60044
  • $650,000
  • STATUS: Active
  • ON SITE: 948 Days
  • MLS #: 11392412
UPDATED: 75 min ago
$650,000
  • 2
    BEDS
  • 0.43
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 888
    SQFT
  • $732
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1954
County:
Area:

School Information

School District:
65

Description

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.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene | Baird & Warner. Based on information submitted to the MRED as of 2024-12-06T23:58:56.633 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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11 Shagbark Road Lake Bluff, IL 60044

  • Price: $650,000
  • Status: Active
  • On Site: 948 Days
  • Updated: 75 min ago
  • MLS #: 11392412
2
Beds
1
Baths
0
½ Baths
0.43
Acres
888
SQFT
$732
$/SQFT
1954
Built
Neighborhood:
Lake
County:
Lake
Area:
Lake
High School:
Lake Forest High School
School District:
65
Property Description
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.
Exterior Features

Architectural Style Ranch Driveway Asphalt Exterior Building Type Cedar Foundation Details Concrete Perimeter Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Lot Size .25-.49 Acre Parking Details Garage Parking Total 2 Roof Asphalt Types 1 Story Waterfront YN No

Interior Features

Appliances RangeRefrigerator Approximate Finished Sq Ft 888 Basement Crawl Basement Bathrooms YN No Basement Details None Basement Sqft 0 Bedrooms Below Grade 0 Bedrooms Total 2 Below Grade Finished Area 0 Cooling Central Air Dining Room Combined w/ LivRm Heating Natural Gas Room Type No additional rooms Rooms (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) Bedroom 2 (Main) Bedroom 3 (N/A) Bedroom 4 (N/A) Dining Room (Main) Family Room (N/A) Kitchen (Main) Laundry (N/A) Living Room (Main) Master Bedroom (Main) Rooms Total 5 Total Sq Ft 888 Unfinished Sqft 888 Upper Square Feet 888

Property Features

Additional Parcels YN No Age 61-70 Years Assessor Square Footage 888 Association Fee Frequency Not Applicable Association Fee Includes None Built Before1978 YN Yes Corporate Limits Knollwood Currently Leased No Disability Access And Or Equipped No Electric Circuit Breakers General Information None Master Association Fee Frequency Not Required Mls Actual Status Active New Construction YN No Ownership Fee Simple Rebuilt YN No Rural No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 3406.54 Tax Year 2021 Township Shields Type Detached Single Water Source Lake MichiganPublic

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 847-234-8000.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene | Baird & Warner. Based on information submitted to the MRED as of 2024-12-06T23:58:56.633 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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