511 Rockland Rd - Commercial LAND FOR SALE


Lake Bluff, IL 60044 21,911 SF
$1,500,000 USD
847-373-1766
511 Rockland Rd, Lake Bluff, IL for Sale
$1,500,000 USD
Commercial LAND - FOR SALE
1/37
21,911 SF

511 Rockland Rd
Lake Bluff, IL 60044


HIGHLIGHTS

  • Heavy Traffic Area
  • North Shore Redevelopment Opportunity
  • High End Retail Area

OVERVIEW

Value Is In The Land For Redevelopment. Consists Of 8 Skokie Valley Road Office Building, The Sunset Motel Located At 511 Rockland Road And One Single Family Home Located At 11 Shagbark Road. Is Being Sold Separately or with other two listing . Sunset Motel Is Currently Open And Operating. Office Building At 8 Skokie BLVD Has A Few Month To Month Tenants In Place. SFH At 11 Shagbark Is Rented With A Month To Month Lease In Place. 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).v 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 could be 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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/ACRE

$2,982,064/AC

PRICE/SF

$68 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

NW Corner of 41 and 176 Redevelopment Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Multi-Family, Apartment Units, Apartment Units - Condo, Bank, Convenience Store, Fast Food, General Freestanding, Motel, Service Station, Storefront Retail/Office, Storefront Retail/Residential, Strip Center

LAND ACRES

0.5 AC

LAND SF

21,911 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

GC & Residential

APN/PARCEL ID

12-19-206-014,12-19-206-015

ASK ABOUT THIS PROPERTY

John JosephitisColdwell Banker RealtyMore Info
847-373-1766

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John JosephitisColdwell Banker RealtyMore Info
847-373-1766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.