For more information on this property,
contact Deb Baker at 847-668-7006 or deb@debbakerhomes.com
17
Shagbark Road,
Lake Bluff,
Illinois
IL
60044
Price: $981,000
Listing ID 11392423
Status Active
Bedrooms 2
Full Baths 1
Total Baths 1
SqFt 1,002
Acres 0.310
Year Built 1950
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 at $1,962,000. 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 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.
Primary Features
County:
Lake
Property Type Specific:
Detached Single
Year Built:
1950
Interior
Appliances:
Range, Refrigerator
Assessor SqFt:
1002
Basement:
None
Basement Bathrooms:
no
Cooling:
Central Air
Dining Room:
Combined w/ LivRm
Heating:
Natural Gas
Lot Size Dimensions:
74 X 180
Main SqFt:
1002
Room Type:
No additional rooms
Rooms Total:
5
SqFt:
1002
Total Finished/Unfinished SqFt:
1002
Total SqFt:
1002
External
Architectural Style:
Ranch
Driveway:
Concrete
Exterior Building Type:
Cedar
Foundation Details:
Concrete Perimeter
Garage On-Site:
yes
Garage Spaces:
2
Garage Type:
Attached
Is Parking Included in Price:
yes
New Construction:
no
Parking:
Garage
Roof:
Asphalt
Sewer:
Public Sewer
Water Source:
Lake Michigan, Public
Location
Elementary School District:
65
High School:
Lake Forest High School
High School District:
115
Living Area Source:
Assessor
Lot Size:
.25-.49 Acre
Middle Or Junior School District:
65
Special Service Area:
N
Township:
Shields
Waterfront:
no
Additional
Age:
71-80 Years
Basement Description:
Crawl
Board Number:
2
Built Before 1978:
yes
Disability Access and/or Equipped:
no
General Information:
None
Market Code:
Active
Status:
Active
Number Of Cars:
2
Rebuilt:
no
Rehab:
no
Special Assessments:
N
Special Listing Conditions:
None
Financial
Association Fee Frequency:
Not Applicable
Association Fee Includes:
None
Garage Ownership:
Owned
Holds Earnest Money:
yes
Offered for Sale or Rent:
no
Ownership:
Fee Simple
Possession:
Closing
Tax Annual Amount:
3790.98
Tax Year:
2020
Zoning Info
Area Info
Contact - Listing ID 11392423
Deb Baker
31 S. Evergreen Ave.
Arlington Heights, IL 60005
Phone: 847-668-7006
@properties
Data services provided by IDX Broker
