$675,000 Price Analysis    ♡   Lake Bluff, IL 60044 2 bed 1 bath 1,040 SqFt ($649/SqFt) 0.41 acre lot. Built 1952 Listed 2022-05-03, Taxes $3,853 | Ⓧ USDA Ineligible due to location near Lake Bluff |
Value is in the land for redevelopment.
Offering consists of 13 Shagbark Road. Single Family home. 18, 000 sq ft parcel at $675, 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 and Chase Bank plus retail strip malls directly across the street on Route 176 (Rocklnd Road) Adjacent to the 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 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 #11392415 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
Lot Size Dimensions: 100 X 180
Lot Size Square Feet: 17860
Garage Description: Detached
Parking Total: 2
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 home.
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential
Parcel Number: 12192060060000
Township: Shields
Property Subtype: Detached Single
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $42,767 + $24,081 $66,848 | $3,853 |
| 2021 | $42,398 + $23,873 $66,271 | $3,681 |
| 2020 | $42,632 + $24,005 $66,637 | $3,587 |
| 2019 | $41,849 + $23,564 $65,413 | $3,479 |
| 2018 | $43,208 + $26,223 $69,431 | $3,475 |
| 2017 | $42,486 + $25,785 $68,271 | $3,478 |
| 2016 | $44,641 + $24,543 $69,184 | $3,526 |
| 2015 | $42,035 + $23,110 $65,145 | $3,725 |
| 2014 | $42,035 + $23,110 $65,145 | $3,767 |
| 2013 | $33,524 + $31,122 $64,646 | $4,014 |
| 2012 | $35,085 + $32,571 $67,656 | $3,769 |
| 2011 | $37,340 + $34,665 $72,005 | $4,058 |
| 2010 | $35,329 + $46,737 $82,066 | $4,277 |
| 2009 | $38,581 + $51,040 $89,621 | $4,254 |
| 2008 | $39,352 + $52,060 $91,412 | $4,104 |
| 2007 | $38,295 + $47,995 $86,290 | $3,805 |
| 2006 | $42,411 + $39,756 $82,167 | $3,691 |
$675,000
MRED
Listed 2022-05-03
$990,000
MRED
Year Built: 1952
Foundation Details: Concrete Perimeter
Property Age: 72
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.