8 N Skokie Highway, Lake Bluff, IL, 60044

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$1,900,000
813 Days Online

8 N Skokie Highway
Lake Bluff, IL 60044

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
6,632
SqFt
$286
/SqFt
1975
Built
County:
Lake
Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Realty 847-234-8000
Call Now: 877 582 4399
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877 582 4399
8 N Skokie Highway8 N Skokie Highway8 N Skokie Highway8 N Skokie Highway
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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. 62, 624 sq ft parcel at $5, 900, 000. is being sold separately under MLS #'s 11392402 and 11392412 . Seller will sell this four parcel lot package with a total of 62, 624 sq foot combined 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. 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.

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Listing Snapshot
Price 
$1,900,000
Days Online 
813 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,632 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.33 Acres
Year Built 
1975
MLS® Number 
11392405
Status 
Active
Property Tax 
$12,230
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 months agoListing updated with changes from the MLS®
2 years agoListing first seen online
General Features
Electric 
Circuit Breakers
Number of Stories 
2
Acreage 
0.33
Property Sub Type 
Office
Foundation 
Concrete Perimeter
Zoning 
COMMR
Number Of Stories 
2
Interior Features
Cooling 
Central Air
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Exterior Features
Roof 
Composition
Construction Details 
Wood Frame
Community Features
Township 
Shields
MLS Area 
Lake Bluff
Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Realty 847-234-8000



Based on information submitted to the MLS GRID as of 2024-07-24 10:10 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-07-24 10:10 PM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.

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