Property for Sale: 8 N Skokie, Lake Bluff, IL 60044

$1,900,000
$1,900,000
8 N Skokie, Lake Bluff, IL 60044
$1,900,000
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Price:
$1,900,000

Type Commercial
Lot Size 0.33 acres
Year Built 1975

City Lake Bluff
County Lake

MLS 11392405
Status Active
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.

Lot & Building Features

Construction Wood Frame
Cooling Central Air
Tax Year 2022
Lot Dimensions 109 X 130 ft

Price History of 8 Skokie, Lake Bluff, IL

Date Name Price Difference
12/31/1969 Listing Price $1,900,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Loris Ryan
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Coldwell Banker Realty, John Josephitis & Loralee Van Vleet
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1%
6.75%
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8 Skokie (MLS #11392405) is a commercial listing located in Lake Bluff, IL. This is a commercial listing with a lot of 14,375 sqft (or 0.33 acres). This property was listed on 05/03/2022 and has been priced for sale at $1,900,000.

Nearby zip codes are 60031, 60045, 60048, 60064 and 60085. This property neighbors other cities such as Green Oaks, Lake Forest, Libertyville, Mettawa and North Chicago.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Coldwell Banker Realty