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511 W Rockland Rd Lake Bluff, IL 60044

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For Sale
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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

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Listing Contact
John Josephitis

Listing agent John Josephitis License #IL 475.169297

Listing office Coldwell Banker Commercial Lake Forest

Listing date Jun 1, 2022

Source Crexi

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


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

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lake Bluff
County
Lake
State
Illinois
Longitude
-87.8713965
Latitude
42.2799332

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.
More about this property
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