Homes for sale - 15 Shagbark Road, Lake Bluff, IL 60044

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 840 sqft

Price per Sqft $803

MLS Listing ID 11392419

Style Ranch

Bedrooms 2

Full Baths 1

Year Built 1951

Annual Tax Amount $4,552

Tax Year 2022

Lot Size 0.420 Acres

Lot Dimensions 100 X 180

Property Description

Value is in the land for redevelopment site. Offering consists of 15 and 17 Shagbark Road to be sold together as one sale. Two single family homes currently rented to tenants on month to month leases. 17,999 sq ft parcel and 13, 286 sq ft parcel offered together at $675,000 each for a total of $1,350,000. Do not disturb tenants. 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 sold for $8,150,000 in 2021, which is located directly across the street on Route 176. Land 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.

Location

State IL

County Lake

Rooms

Basement None

Interior

Heating Natural Gas

Cooling Central Air

Fireplace N

Appliance Range,Refrigerator

Exterior

Garage Detached

Garage Spaces 2.0

Waterfront false

View Y/N true

Roof Type Asphalt

Building

Story 1 Story

Foundation Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan,Public

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