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11 Shagbark Road, 
Lake Bluff, IL 60044

$650,000


2

Beds


1

Bath


888

Sq Ft


Single Family

Active

Last updated:

May 1, 2025, 10:51 AM

MLS#

11392412

Source:

MLSNI

Company Logo

About This Home

11 Shagbark Road

Value is in the land for redevelopment. Consists of one single family home located at 11 Shagbark Road. The Sunset Motel located at 511 Rockland Road and 8 Skokie Valley Road Office Building are being sold separately under MLS #'s 11392402 and 11392405. Seller will sell this four parcel lot package with a total of 62,624 sq ft parcel at $5,900,000. 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. PIN numbers 12-19-206-014, 12-19-206-15, 12-19-206-010 and 12-19- 206-007. 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 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.

Home Facts

Single Family

1 Bath

2 Bedrooms

Built in 1954

Price Summary

650,000

$731 per Sq. Ft.

MLS #:

11392412

Last Updated:

May 1, 2025, 10:51 AM

Added:

2 year(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

888 Sq. Ft.


Structure

Structure

Architectural Style:

Ranch

Building Area:

888 Sq. Ft.

Year Built:

1954


Lot

Lot Size (Sq. Ft):

18,730


Finances & Disclosures

Finances

Price:

$650,000

Price per Sq. Ft:

$731 per Sq. Ft.

MLS Logo
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