511 W Rockland Rd Lake Bluff, IL 60044
Commercial land for redevelopment in Lake Bluff, Illinois.
Type:Land
Lot size:
2.75 Acres- Added:
- Jun 1, 2022
- Days on Market:
- 1407
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 511 W Rockland Rd
General Information
- Standard status
- Active
- Lot size
- 2.75 Acres
- Property subtype
- Land
Listing agent John Josephitis License #IL 475.169297
Listing office Coldwell Banker Commercial Lake Forest
Listing date Jun 1, 2022
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Lake Forest
Overview
Lake Bluff Redevelopment Opportunity
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.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Lake Bluff
- County
- Lake
- State
- Illinois
- Longitude
- -87.8713965
- Latitude
- 42.2799332
Nearby Similar for Sale
FAQs
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 W Rockland Rd 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.
