Listing Courtesy of: John Josephitis - Coldwell Banker Realty 847-234-8000
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508 W Washington Avenue Lake Bluff, IL 60044

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Single Family Residence
2 Beds
2 Baths
984 Sq. Ft.
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Last updated on 4/19/2024 9:20 AM

Listing Details

Value is in the land for redevelopment. Consists of one single family townhome located at 508 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 sep...arately 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 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. Continue reading
MLS#
11687323
Property Type
Single Family
Bedrooms
2
Bathrooms
1 Full/1 Half
Year Built
1973
HOA Fee
$125 Monthly
Square Feet
984 sq. ft
Sewer
Public Sewer
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Listing Courtesy of: John Josephitis - Coldwell Banker Realty 847-234-8000
Andrea D. Conner, License 471020674, Xome Inc., License 478026347, AndreaD.Conner@xome.com, 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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This content last refreshed on 4/19/2024 9:20 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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