Courtesy of Coldwell Banker Realty

13 Shagbark Road

Lake Bluff, IL, 60044

$990,000

$951 per ft²
$990,000
$951 per ft²
Active
Active
 - For Sale
beds
2 Beds
baths
1 Bath
carpenters-square
1,040 ft²
property_type
Residential
calendar
Built 1952
Value is in the land for redevelopment. Offering consists of 13 Shagbark Road. Single Family home. 17,999 sq ft parcel at $990,000. Currently occupied by home owner who is willing to sell and relocate with 3-6 months notice to move. No interior showings and please do not disturb the home owner. 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.
MLS® ID:
11392415
Listed:
5/2/22
Updated:
9/30/22

Interior Features

Kitchen Appliances
Range, Refrigerator
Total Bedrooms
2
Full Bathrooms
1
Cooling
Central Air
Heating
Natural Gas

Exterior/Building Features

Lot Size
0.41 acres lot
Architectural Style
Ranch
Roof
Asphalt
Sewer
Public Sewer

School Information

School District
115
High School
Lake Forest High School
Elementary School
65

Other Property Details

Area Name
Lake Bluff
Taxes
$3681.18
Tax Frequency
per YEAR
Garage
Yes
Garage Spaces
2
Parking
Y
View
N
County
Lake
Water Source
Lake Michigan, Public
Pool
No

 

Courtesy of Coldwell Banker Realty

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Data last updated 6:13 PM UTC, 9/30/22

 

 

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