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Map
$650,000
●
House -
For Sale
11 Shagbark Road
Lake Bluff, IL 60044
2 Beds
1 Bath
888 Sqft
$3,476
Est. Monthly
3.35%
Cap Rate
About This Property
Value is in the land 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
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.
Unit Size
888Ft²
Days on Market
795 days
Land Size
0.43 acres
Price per sqft
$732
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1954
Listed By
Last updated: 25 days ago (MRED MLS #11392412)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 3, 2022 | Listed by Coldwell Banker Realty | $650,000 | |
Listed by Coldwell Banker Realty | |||
Jan 20, 2010 | Sold to Niketa B Patel | $170,000 | |
Sold to Niketa B Patel |
Property Highlights
Air Conditioning
Parking Details
Total Number of Parking: 2
Garage Spaces: 2
Interior Details
Bedrooms: 2
Full Bathrooms: 1
Appliances: Range, Refrigerator
Rooms: 5
Basement: None
Exterior Details
Architectual Style: Ranch
Property Type: Residential
Year Built: 1954
Roof: Asphalt
No Disability Access
Special Conditions: None
Lot Size Acres: 0.43
Lot Size Dimensions: 108 X 180
Water Source: Lake Michigan, Public
Financial Details
Tax Year: 2021
Tax Annual Amount: $3,407
Utilities Details
Cooling: Central Air
Heating: Natural Gas
Sewer : Public Sewer
Location Details
Directions: Route 176 to Shagbark Road. North on Shagbark to 11 Shagbark Road.
County or Parish: Lake
Other Details
Association Fee Includes: None
Association Fee Freq: Not Applicable
Selling Agency Compensation: 2% - $475
Building Info
Overview
Building
Neighborhood
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
4
Beds
3
Baths
2,008 ft²
$311/ft²
$625,000
Jul 31, 2023
$625,000
Dec 7, 2023
$887/mo
Sold
House
5
Beds
4
Baths
2,283 ft²
$276/ft²
$630,000
Sep 8, 2023
$630,000
Apr 19, 2024
$1,179/mo
House
5
Beds
4
Baths
3,283 ft²
$221/ft²
$725,000
Mar 29, 2024
$725,000
May 30, 2024
$796/mo