11 Shagbark Road new

Lake Bluff,IL 60044

$ 475000

2 Beds

1 Bath

888 SqFt


Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 888 sqft

Price per Sqft $534

MLS Listing ID 12371395

Style Ranch

Bedrooms 2

Full Baths 1

Year Built 1954

Annual Tax Amount $4,864

Tax Year 2024

Lot Size 0.430 Acres

Lot Dimensions 108 X 180

Property Sub-Type Detached Single

Property Description

Value Is In The Land For Redevelopment. Tenant Occupied. 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. Owner prefers to sell this lot/home at 11 Shagbark with the other listing at 511 Rockland Road. 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. No interior showings for house unless buyer wishes to acquire both 11 Shagbark and 511 Rockland Road together. 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).v 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 could be 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.

Location

State IL

County Lake

Rooms

Basement Crawl Space

Interior

Heating Natural Gas

Cooling Central Air

Fireplace N

Appliance Range,Refrigerator

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Asphalt

Building

Story 1 Story

Foundation Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan,Public

Structure Type Cedar

New Construction false

Schools

High Schools Lake Forest High School

School District 65,65,115

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None

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