Listing Courtesy of: John Josephitis - Coldwell Banker Realty 847-234-8000
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15 Shagbark Road Lake Bluff, IL 60044

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Single Family Residence
2 Beds
1 Baths
840 Sq. Ft.
0.42 Acre Lot
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Last updated on 12/30/2024 6:40 PM

Listing Details

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 $1,35...0,000. 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. Continue reading
MLS#
11392419
Property Type
Single Family
Bedrooms
2
Bathrooms
1 Full
Year Built
1951
Square Feet
840 sq. ft
Lot Size
0.42
Sewer
Public Sewer
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Listing Courtesy of: John Josephitis - Coldwell Banker Realty 847-234-8000
Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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This content last refreshed on 12/30/2024 6:40 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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