Lake Bluff Redevelopment Land
For Sale
Contact for pricing
8 N Skokie Hwy, Lake Bluff, IL 60044
Commercial and residential land for redevelopment in Lake Bluff, IL.
Property SizeContact for details
Lot Size2.75 Acres
Days on Market1537
Property Features for 8 N Skokie Hwy
General Information
Standard status
Active
Class
B
Total Parking Spaces
25
Lot size
2.75 Acres
Property subtype
Office
Zoning
COMMR
Lease Type
Modified
Investment Type
Redevelopment
Building Details
Year Built
1975
Year Renovated
2015
Buildings
1
Stories
2
Units
12
Listing Agency:
Coldwell Banker Commercial Lake Forest
(847) 373-1766
Listed By:
John Josephitis · License #IL 475.169297
Source:
Crexi
Added: May 25, 2022
Changed: Aug 8
Last Checked: Aug 8 at 11:43AM
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.
This offering presents a rare North Shore commercial redevelopment land acquisition opportunity in Lake Bluff, Illinois. The value is in the land, which consists of the 8 Skokie Valley Road office building, the Sunset Motel located at 511 Rockland Road, and one single-family home located at 11 Shagbark Road. The properties are being sold separately or with two other listings. The Sunset Motel is currently open and operating. The office building at 8 Skokie Boulevard has a few month-to-month tenants in place, and the single-family home at 11 Shagbark is rented with a month-to-month lease in place. The location is in unincorporated Lake Bluff with current Lake County zoning, and the buyer could voluntarily annex into the Village of Lake Bluff, which is willing to offer financial incentives. Recent developments include a new Target and Chase Bank, plus retail strip malls directly across the street on Route 176 (Rockland Road). This thriving commercial corridor serves Lake Bluff and Lake Forest residents, plus a large daytime employment base from Abbott Labs and many surrounding businesses. This 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 uses could include new retail, medical, multi-family, or drive-thru establishments.
Key Highlights
- Prime redevelopment land opportunity in the North Shore market.
- Potential for financial incentives from the Village of Lake Bluff.
- Located in a thriving commercial corridor.
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial and residential land for redevelopment in Lake Bluff, IL.
Where is this commercial land located?
The property is located at 8 N Skokie Hwy Lake Bluff, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime redevelopment land opportunity in the North Shore market.; Potential for financial incentives from the Village of Lake Bluff.; Located in a thriving commercial corridor.
