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15 Shagbark Road

Lake Bluff, IL 60044
  • $675,000
  • STATUS: Active
  • ON SITE: 945 Days
  • MLS #: 11392419
UPDATED: 28 min ago
$675,000
  • 2
    BEDS
  • 0.42
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 840
    SQFT
  • $804
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1951
County:
Area:

School Information

School District:
65

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.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2024-12-04T22:00:25.743 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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15 Shagbark Road Lake Bluff, IL 60044

  • Price: $675,000
  • Status: Active
  • On Site: 945 Days
  • Updated: 28 min ago
  • MLS #: 11392419
2
Beds
1
Baths
0
½ Baths
0.42
Acres
840
SQFT
$804
$/SQFT
1951
Built
Neighborhood:
Lake
County:
Lake
Area:
Lake
High School:
Lake Forest High School
School District:
65
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.
Exterior Features

Architectural Style Ranch Driveway Concrete Exterior Building Type Cedar Foundation Details Concrete Perimeter Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Is Parking Included In Price Yes Lot Size .25-.49 Acre Parking Details Garage Parking Total 2 Roof Asphalt Types 1 Story Waterfront YN No

Interior Features

Appliances RangeRefrigerator Approximate Finished Sq Ft 840 Basement Crawl Basement Bathrooms YN No Basement Details None Bedrooms Below Grade 0 Bedrooms Total 2 Cooling Central Air Dining Room Combined w/ LivRm Heating Natural Gas Main Sq Ft 840 Room Type No additional rooms Rooms (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) Bedroom 2 (Main) Bedroom 3 (N/A) Bedroom 4 (N/A) Dining Room (Main) Family Room (N/A) Kitchen (Main) Laundry (N/A) Living Room (Main) Master Bedroom (Main) Rooms Total 5 Total Sq Ft 840 Unfinished Sqft 840

Property Features

Additional Parcels YN No Age 71-80 Years Assessor Square Footage 840 Association Fee Frequency Not Applicable Association Fee Includes None Built Before1978 YN Yes Corporate Limits Knollwood Currently Leased Yes Disability Access And Or Equipped No General Information None Master Association Fee Frequency Not Required Mls Actual Status Active New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 4552.34 Tax Year 2022 Township Shields Type Detached Single Water Source Lake MichiganPublic

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 847-234-8000.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2024-12-04T22:00:25.743 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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