Lake Bluff IL Commercial for Sale
$2,750,000
49 Sherwood Drive Lake Bluff, IL 60044
- Type:
- Office
- Sq.Ft.:
- 31,783
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.83 Acres
- Year built:
- 1960
- Baths:
- MLS#:
- 11492918
View additional info
Courtesy: Kinzie Brokerage LLC
847-383-6778
ADDITIONAL INFORMATION
Evergreen, located at 49-51 Sherwood Terrace, offers investors an excellent opportunity to own an historically high-occupancy, multi-tenant suburban office park in Lake Bluff, IL. Consisting of two, single-story buildings, on 2.83 acres, Evergreen includes 31,708 net leasable square feet across 32 office suites. Individual unit sizes range from 400 to over 3,000 SF and are fully sprinklered. The property is currently 95.20% leased. This building can be purchased as part of a 2-building portfolio. The other property is 2504 Washington St., Waukegan.
$1,900,000
8 N Skokie Highway Lake Bluff, IL 60044
- Type:
- Office
- Sq.Ft.:
- 6,632
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.33 Acres
- Year built:
- 1975
- Baths:
- MLS#:
- 11392405
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Courtesy: Coldwell Banker Realty
847-234-8000
ADDITIONAL INFORMATION
Value is in the land for redevelopment. 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. 62,624 sq ft parcel at $5,900,000. is being sold separately under MLS #'s 11392402 and 11392412 . Seller will sell this four parcel lot package with a total of 62,624 sq foot combined 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. 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.
$1,975,000
511 Rockland Road Lake Bluff, IL 60044
- Type:
- General Commercial
- Sq.Ft.:
- 5,729
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.5 Acres
- Year built:
- 1960
- Baths:
- MLS#:
- 11392402
View additional info
Courtesy: Coldwell Banker Realty
847-234-8000
ADDITIONAL INFORMATION
Value is in the land for redevelopment. The Sunset Motel is located at 511 Rockland Road. 8 Skokie Valley Road Office Building and one single family home located at 11 Shagbark Road is being sold separately under MLS #'s 11392405 and 11392412 . Seller will sell this four parcel lot package with a total of 62,624 sq foot combined 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. 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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Lake Bluff Real Estate
The median home value in Lake Bluff, IL is $785,000. This is higher than the county median home value of $296,900. The national median home value is $338,100. The average price of homes sold in Lake Bluff, IL is $785,000. Approximately 87.03% of Lake Bluff homes are owned, compared to 8.78% rented, while 4.19% are vacant. Lake Bluff real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lake Bluff real estate agent to arrange a tour today!
Lake Bluff, Illinois has a population of 5,878. Lake Bluff is more family-centric than the surrounding county with 42.7% of the households containing married families with children. The county average for households married with children is 36.27%.
The median household income in Lake Bluff, Illinois is $173,667. The median household income for the surrounding county is $97,127 compared to the national median of $69,021. The median age of people living in Lake Bluff is 46.7 years.
Lake Bluff Weather
The average high temperature in July is 81.4 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 36.1 inches per year, with 38.2 inches of snow per year.