11 Shagbark Road
$650,000
2
1
888
888
$732
Description
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...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.
- Listed by John Josephitis • Coldwell Banker Realty
Property Details for 11 Shagbark Road
Area
Lake Bluff
TownshipShields
OwnershipFee Simple
Num Of Garage Spaces2.0
Num Of Parking Spaces2.0
Heat/FuelNatural Gas
Architectural StyleRanch
LISTING UPDATED: 08/17/2024 03:18 AM
Property Details for 11 Shagbark Road
Status | Active |
---|---|
MLS # | 11392412 |
Days on Market | 1062 |
Taxes | $3,407 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Detached Single / 1 Story |
Year Built | 1954 |
Lot Size | 0.43 AC / 18,730 SF |
County | Lake County |
Building Information for 11 Shagbark Road
Stories-Year Built1954Building Size-Lot Size0.43 AC / 18,730 SF
Property Information for 11 Shagbark Road
Property History for 11 Shagbark Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 11 Shagbark Road
Taxable ValueLand$29,509Additions$37,683Total$67,192
Tax Record2023$3,464 ($289 / month)
Home Facts
Beds0Baths1Total Finished SqFt888 SqFtAbove Grade Finished SqFt888 SqFtStories1Lot Size18,761 SqFtStyleSingle Family ResidenceYear Built1954CountyLAKEAPN12-19-206-007
Schools near 11 Shagbark Road
This home is within Lake Bluff Esd 65 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | 5 to 12 |
Rating | School | Distance |
---|---|---|
Lake Bluff Elementary School PublicPK to 5 | ||
Lake Bluff Middle School Public6 to 8 | ||
Lake Forest High School Public9 to 12 | ||
Safe Haven School Private5 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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