17 Shagbark Road Active Save Request In-Person Tour Request Virtual Tour
Lake Bluff,IL 60044
Key Details
Property Type Single Family Home
Sub Type Detached Single
Listing Status Active
Purchase Type For Sale
Square Footage 1,002 sqft
Price per Sqft $673
MLS Listing ID 11392423
Style Ranch
Bedrooms 2
Full Baths 1
Year Built 1950
Annual Tax Amount $4,292
Tax Year 2022
Lot Size 0.310 Acres
Lot Dimensions 74 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
Parking Features Attached
Garage Spaces 2.0
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