Lake Bluff Redevelopment
For Sale
$1,500,000
511 Rockland Road, Lake Bluff, IL 60044
Commercial land for redevelopment in Lake Bluff, Illinois.
Property Size5,729 SF
Lot Size2.75 Acres
Days on Market460
Property Features for 511 Rockland Road
General Information
Standard status
Active
Size
5,729 SF
Lot size
2.75 Acres
Property subtype
Commercial
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$14,935
Building Details
Building Size
5,729 SF
Year Built
1960
Stories
1
Units
13
Listing Agency:
Coldwell Banker Realty
(847) 234-8000
Listed By:
John Josephitis · License #475169297
(847) 234-8000
Source:
Cavanaghrealty
Added: May 21, 2025
Changed: Aug 23
Last Checked: Aug 8 at 4:06AM
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 Realty
Investment Insights
Based on property information with market context.
This property represents a rare commercial redevelopment land acquisition opportunity in the North Shore area of Lake Bluff, Illinois. The Sunset Motel is currently open and operating. The property is located in unincorporated Lake Bluff and has current Lake County zoning with general commercial and residential zoning in place. The buyer has the option to voluntarily annex into the Village of Lake Bluff, which is willing to offer financial incentives. The property is located in a thriving commercial corridor that serves residents of Lake Bluff and Lake Forest, as well as a large daytime employment base from Abbott Labs and surrounding businesses. Recent developments in the area include a new Target, Chase Bank, and retail strip malls directly across the street on Route 176 (Rockland Road). The offering could be 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.
Key Highlights
- Prime redevelopment opportunity in a desirable North Shore location (Lake Bluff, IL).
- Potential for financial incentives from the Village of Lake Bluff for annexation.
- Existing income from tenants in the office building and single‑family home.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land for redevelopment in Lake Bluff, Illinois.
Where is this commercial land located?
The property is located at 511 Rockland Road Lake Bluff, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime redevelopment opportunity in a desirable North Shore location (Lake Bluff, IL).; Potential for financial incentives from the Village of Lake Bluff for annexation.; Existing income from tenants in the office building and single‑family home.
