Courtesy of Coldwell Banker Realty

510 W WASHINGTON Avenue

Lake Bluff, IL, 60044

$312,500

$317 per ft²
$312,500
$317 per ft²
Active
Active
 - For Sale
beds
2 Beds
baths
2 Baths
carpenters-square
984 ft²
property_type
Residential
calendar
Built 1973
Value is in the land for redevelopment. Consists of one single family townhome located at 510 W Washington Avenue in unincorporated Lake Bluff. Three other townhomes in the Knollwood Townhomes are also for sale under separate listings. 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. 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. Other properties in this offering are the former Knollwood Fire Station and three single family homes located on Shagbark Road. 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 eleven-parcel assembly of contiguous properties that total 168,811 or 3.90 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:
11662380
Listed:
10/27/22
Updated:
12/7/22

Interior Features

Kitchen Appliances
Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Total Bedrooms
2
Full Bathrooms
1
Half Bathrooms
1
Interior Features
Hardwood Floors, Laundry Hook-Up in Unit
Cooling
Window/Wall Units - 2
Heating
Electric, Baseboard

Exterior/Building Features

Exterior Features
Storms/Screens, Outdoor Grill
Lot Details
Landscaped
Roof
Asphalt
Sewer
Public Sewer

School Information

School District
65
High School
Lake Forest High School
Middle/Jr High
Lake Bluff Middle School
Elementary School
Lake Bluff Elementary School

Other Property Details

Area Name
Lake Bluff
Taxes
$2854.05
Tax Frequency
per YEAR
Association Fee
$125
Association Fee Frequency
per MONTH
Association Amenities
Storage
Garage
No
Parking
Assigned
Parking Total
2.0
View
N
County
Lake
Water Source
Lake Michigan
Pool
No
Total Stories
2

 

Courtesy of Coldwell Banker Realty, John Josephitis,
Listing Contact:  

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Based on information submitted to the  MLS GRID for MRED 12/7/22. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and 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. 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Data last updated 2:16 AM UTC, 12/7/22

 

 

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