$650,000 Price Analysis    ♡   Lake Bluff, IL 60044 2 bed 1 bath 888 SqFt ($731/SqFt) 0.43 acre lot. Built 1954 Listed 2022-05-03, Taxes $3,406 | Ⓧ USDA Ineligible due to location near Lake Bluff |
Value is in the la nd for redevelopment.
Consists of one single family home located at 11 Shagbark Road. 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. Seller will sell this four parcel lot package with a total of 62, 624 sq ft 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. PIN numbers 12-19-206-014, 12-19-206-15, 12-19-206-010 and 12-19- 206-007. 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 unincorported 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 and 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. 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 and 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.
Presented by John Josephitis at
Coldwell Banker Realty.
Property MLS #11392412 from MRED
Bedrooms Possible: 2
Primary Bedroom Dimensions: 12 x 11
Bedroom 2 Dimensions: 12 x 10
Primary Bedroom Level: Main
Bedroom 2 Level: Main
Living Room Dimensions: 12 x 14
Living Room Level: Main
Basement Description: Crawl
Full Bathrooms: 1
Heating Features: Natural Gas
Dining Area Level: Main
Kitchen Dimensions: 12 x 12
Kitchen Level: Main
Garage Spaces: 2
Garage Description: Detached
Parking Total: 2
Lot Size Dimensions: 108 X 180
Lot Size Square Feet: 18731
High School: Lake Forest High School
High School District: 115
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Lake
Directions: Route 176 to Shagbark Road. North on Shagbark to 11 Shagbark Road.
Tax Year: 2021
Ownership: Fee Simple
Source Property Type: Residential
Parcel Number: 12192060070000
Township: Shields
Property Subtype: Detached Single
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $31,370 + $24,566 $55,936 | $3,406 |
| 2020 | $31,543 + $24,702 $56,245 | $3,341 |
| 2019 | $30,964 + $24,249 $55,213 | $3,222 |
| 2018 | $31,948 + $26,914 $58,862 | $3,404 |
| 2017 | $31,414 + $26,464 $57,878 | $3,344 |
| 2016 | $32,920 + $25,189 $58,109 | $3,209 |
| 2015 | $30,998 + $23,718 $54,716 | $3,355 |
| 2014 | $30,998 + $23,718 $54,716 | $3,161 |
| 2013 | $19,015 + $31,941 $50,956 | $3,084 |
| 2012 | $25,951 + $33,428 $59,379 | $2,900 |
| 2011 | $27,619 + $35,577 $63,196 | $3,123 |
| 2010 | $25,524 + $47,672 $73,196 | $2,850 |
| 2009 | $27,874 + $52,061 $79,935 | $4,067 |
| 2008 | $28,431 + $53,102 $81,533 | $3,895 |
| 2007 | $27,667 + $50,024 $77,691 | $3,636 |
| 2006 | $29,527 + $42,317 $71,844 | $3,437 |
$650,000
MRED
Listing removed 2023-05-11
$1,900
MRED
Price Changed for rent 2022-10-26
$1,900
MRED
Listed for rent 2022-07-21
$2,000
MRED
Listed 2022-05-03
$990,000
MRED
Sold 2010-01-20
$170,000
Public Record
Sold 2009-01-01
$170,000
Public Record
Sold 2006-05-24
$450,000
Public Record
Year Built: 1954
Foundation Details: Concrete Perimeter
Property Age: 70
Roof: Asphalt
Levels or Stories: 1
Architectural Style: Ranch
Sewer: Public Sewer
Water Source: Lake Michigan, Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.