15 Shagbark Road Lake Bluff, IL 60044
Listing Courtesy of: Midwest Real Estate Data / Coldwell Banker Realty / John Josephitis

  15 Shagbark Road Lake Bluff, IL 60044

Active (966 Days)
$675,000
2
BED
1
BATH
840
SQFT

Description

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 $1,350,000. 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.

MLS #:
11392419
Taxes
$4,552(2022)
Lot Size
0.42 acres
Type
Single-Family Home
Year Built
1951
Style
Ranch
School District
115,65
County
Lake County

Listed By

John Josephitis, Coldwell Banker Realty
Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Dec 23 2024 at 11:52 PM GMT+0000
Bathroom Details
  • Full Bathroom: 1
Interior Features
  • Appliance: Range
  • Appliance: Refrigerator
Property Features
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Natural Gas
  • Central Air
Basement Information
  • None
  • Crawl
Exterior Features
  • Cedar
  • Roof: Asphalt
Utility Information
  • Utilities: Water Source: Lake Michigan, Water Source: Public
  • Sewer: Public Sewer
School Information
  • High School: Lake Forest High School
Garage
  • Detached
Living Area
  • 840 sqft
Location
   
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Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.