Rare North Shore Commercial Development Opportunity Rare commercial re-development 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. Could annexation 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. Offering 1: Consists of the Sunset Motel located at 511 Rockland Road. Sunset Motel is currently open and operating. 11 Shagbark is rented with a month to month lease in place and is listed at $650,000. PIN numbers 12-19-206-014 and 12-19- 206-007. Offering 2: Consists of corner lot, Donellis Pub located at 515 Rockland Road. 9,360 sq ft parcel. 80 feet of frontage on Route 176 and 117 feet of frontage on Shagbark Road. Donelli's Pub is currently open and operating as a restaurant and pub. PIN number 12-19-206-007. Contact listing agent for details. Offering 4: Consists of 13 Shagbark Road. Single Family home. 17,999 sq ft parcel at $990,000. Currently occupied by home owner who is willing to sell and relocate with 3-6 months notice to move. Offering 5: 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. This assembly of contiguous parcels offers a very unique opportunity to create an upscale commercial or mixed use development on Chicago's North Suburban area in unincorporated Lake Bluff. The current zoning and build entitlements are with Lake County. Discussions have been held with the Village of Lake Bluff staff. The Lake Bluff Comprehensive Plan calls for this area to be earmarked for voluntary annexation into the Village of Lake Bluff proper. Lake Bluff is offering financial incentives to the developer if annexed into the Village. The development directly across Route 176 (Rockland Road) features a new Target Store, Chase Bank, Potbelly's, Chipotle and two strip centers. A brand new Northwestern Medical building, located directly across Shagbark Road from this offering just sold for $8,150,000 in 2021. Public water and public sewer in place to each parcel. Contact listing agent for more details on this unique offering. Listing agent has already contacted Lake County, the Village of Lake Bluff and IDOT regarding the redevelopment of this multi parcel site. Listing agent has annexation applications, alleyway Locator Map vacation application and detailed information on the interchange improvements. IDOT is currently in design phase and has plans on improving the Route 41 & Route 176 interchange within the next five years. The frontage road to the east will be eliminated to make room for a third acceleration lane for traffic merging onto southbound Route 41. Frontage road along Route 176 could be eliminated and possibly given to development by IDOT. Call John Josephitis at 847-373-1766 | email John at john.josephitis@cbrealty.com. Co-Listed with Loralee Van Vleet at 847-322-3872 | email Loralee at loralee.vanvleet@cbrealty.com Forest Bluff Real Estate Group.com