13 Shagbark Road
Lake Bluff, IL 60044
- 2 beds
- 1 bath
- 1,040 sqft
- ~1/2 acre lot
- $649 per sqft
- 1952 build
- – on site
Value is in the land for redevelopment. Offering consists of 13 Shagbark Road. Single Family home. 18,000 sq ft parcel at $675,000. Currently occupied by home owner who is willing to sell and relocate with 3-6 months notice to move. No interior showings and please do not disturb the home owner. 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 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 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.
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Last updated Apr 27, 2024
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MLS# 11392415 —
Monthly cost estimate
Asking price
$675,000
| Expense | Monthly cost |
|---|---|
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Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,614
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| Taxes | $321 |
| Insurance | $185 |
| Utilities | $127 See report |
| Total | $4,247/mo.* |
| *This is an estimate |
Walk Score®
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Soundscore™
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Air Pollution Index
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Max Internet Speed
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/25/24
Jan 25, 2024
|
Price Changed | MRED | $675,000 | -31.8% (-18.4% / YR) |
|
5/3/22
May 3, 2022
|
Listed / Active | MRED | $990,000 |