Redevelopment Land with Operating
For Sale
Contact for pricing
515 W Rockland Rd, Lake Bluff, IL 60044
Redevelopment parcel with operating pub, offering substantial frontage on two roads and existing commercial zoning in place.
Property SizeContact for details
Lot Size0.21 Acres
Days on Market134
Property Features for 515 W Rockland Rd
General Information
Standard status
Active
Lot size
0.21 Acres
Property subtype
Retail
Additional Details
Road Access
Yes
Listing Agency:
Coldwell Banker Commercial Lake Forest
(847) 373-1766
Listed By:
John Josephitis · License #IL 475.169297
Source:
Crexi
Added: Apr 11
Changed: Aug 14
Last Checked: Aug 14 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Lake Forest
Investment Insights
Based on property information with market context.
Redevelopment land offered with Donelli’s Pub currently open and operating as a restaurant and pub. The offering includes a 9,360-square-foot parcel with approximately 80 feet of frontage on Route 176 (Rockland Road) and approximately 117 feet of frontage on Shagbark Road.
The property is located in unincorporated Lake Bluff, under current Lake County zoning, and is described as having general commercial and residential zoning in place. The buyer could voluntarily annex into the Village of Lake Bluff, where the remarks indicate the village may offer financial incentives.
Recent development across Route 176 (Rockland Road) includes new Target and Chase Bank plus retail strip malls, and an adjacent Northwestern Medicine building that sold in 2021 is also referenced as being directly across the street. The seller notes the value is in the land and indicates this offering is part of a larger eight-parcel assembly of contiguous properties totaling 2.75 acres, with possible rezoning to commercial or residential uses for all parcels.
The property is located in unincorporated Lake Bluff, under current Lake County zoning, and is described as having general commercial and residential zoning in place. The buyer could voluntarily annex into the Village of Lake Bluff, where the remarks indicate the village may offer financial incentives.
Recent development across Route 176 (Rockland Road) includes new Target and Chase Bank plus retail strip malls, and an adjacent Northwestern Medicine building that sold in 2021 is also referenced as being directly across the street. The seller notes the value is in the land and indicates this offering is part of a larger eight-parcel assembly of contiguous properties totaling 2.75 acres, with possible rezoning to commercial or residential uses for all parcels.
Key Highlights
- 9,360 SF parcel for redevelopment at 515 Rockland Road, Lake Bluff, IL
- 80 ft frontage on Route 176 (Rockland Road) and 117 ft frontage on Shagbark Road
- Donellis Pub is currently open and operating as a restaurant and pub (please do not disturb)
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
176k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Superstores 31%
Shops & Services 17%
Groceries 10%
Target
Superstores
54,029 visits/mo
0.3 miles
Heinen's Grocery Store
Groceries
18,016 visits/mo
0.3 miles
McDonald's
Dining
15,986 visits/mo
0.5 miles
Shell
Shops & Services
13,905 visits/mo
0.4 miles
Starbucks
Dining
10,138 visits/mo
0.5 miles
Demographics for 60044, IL
10,244
Population
4,599
Households
2.2
Avg Household Size
43
Median Age
67%
College-Educated
95%
High-School Grad
6.8 sq mi
ZIP Area
1,506
Density / Sq Mi
$127,546
Median Household Income
$81,694
Median Earnings
$1,672
Median Rent
$568,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Redevelopment parcel with operating pub, offering substantial frontage on two roads and existing commercial zoning in place.
Where is this commercial land located?
The property is located at 515 W Rockland Rd Lake Bluff, IL.
What are key features of this property?
This property features: 9,360 SF parcel for redevelopment at 515 Rockland Road, Lake Bluff, IL; 80 ft frontage on Route 176 (Rockland Road) and 117 ft frontage on Shagbark Road; Donellis Pub is currently open and operating as a restaurant and pub (please do not disturb)
