Properties

Features
: Central Air
Address Map
US
IL
Lake
Lake Bluff
60044
Skokie
8
Highway
W88° 9' 56.7''
N42° 16' 44.1''
Located just North of the intersection of Rt 41 and Rt 176. Take frontage road to entrance of office building.
Lake Bluff
N
COMMR
Additional Information
6632
: Wood Frame
: Commercial
Circuit Breakers
: Concrete Perimeter
109 X 130
Commercial,Development,Multi-Family,Retail,Special Use
2
Coldwell Banker Realty
John Josephitis
Financial
12230
Listing Information
43686
3950
Active
2024-08-17T08:17:20Z
MRED
2022-05-09T05:05:50Z
Property Description

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.

Commercial Sale For Sale

, Lake Bluff, Lake County, Illinois 60044, USA

  • Lot Size: 0.33 Acre
$1,900,000
Listing ID#11392405
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 11392405
Price : $1,900,000
Year Built : 1975
Lot Size : 0.33 Acre
Listing Status : Active
Property Sub Type : Office
Roof : Composition
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