Address: |
view address Lake Bluff, IL 60044 Map Location |
Features: | Multi-level |
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Bedrooms: | 2 | Bathrooms: | 2 (full: 1, half: 1) |
Square Feet: | 984 sq.ft. | Lot Size: | 0.144 |
Year Built: | 1973 | Property Type: | Townhouse-2 Story |
School District: | Lake Forest High School | County: | Lake |
List Date: | 2022-12-13 | Listing Number: | 11687316 |
Listed By: | Coldwell Banker Realty |
Value is in the land for redevelopment. Consists of one single family townhome located at 506 W Washington Avenue in unincorporated Lake Bluff. Three other townhomes in the Knollwood Townhomes are also for sale under separate listings. The Sunset Motel located at 511 Rockland Road is being sold separately under MLS 11392402. Sunset Motel is currently open and operating. 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 are also for sale. Other properties in this offering are three single family homes located on Shagbark Road. 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 eleven-parcel assembly of contiguous properties that total about 120,000 sq ft or 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.
Baseboard Heater(S): | Yes | Cable Television Available: | Yes |
Ceiling Fan(S): | Yes | Dishwasher: | Yes |
Dryer: | Yes | Electric Heat: | Yes |
Garbage Disposal: | Yes | Hardwood Floors: | Yes |
Microwave Oven: | Yes | Range: | Yes |
Refrigerator: | Yes | Security System: | Yes |
Washer: | Yes |
Barbecue: | Yes | Brick Exterior: | Yes |
Living Square Feet: | 984.00 | Parking Spaces: | 2.00 |
Total Finished Square Feet: | 984.00 |
Elementary School: | Lake Bluff Elementary School | HOA Dues: | 125.00 |
High School: | Lake Forest High School | Lot Dimension: | 0.14 |
Middle School: | Lake Bluff Middle School | Public Sewer: | Yes |
School District: | Lake Forest High School | Taxes: | 2,856.11 |
Transaction Type: | Sale | Year Built: | 1973 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.