Lake Bluff Redevelopment
For Sale
Contact for pricing
Pending
511 W Rockland Rd, Lake Bluff, IL 60044
Commercial land for redevelopment in Lake Bluff, Illinois.
Property SizeContact for details
Lot Size2.75 Acres
Days on Market1543
Property Features for 511 W Rockland Rd
General Information
Standard status
Pending
Lot size
2.75 Acres
Property subtype
Land
Zoning
Commercial and Residential
Listing Agency:
Coldwell Banker Commercial Lake Forest
(847) 373-1766
Listed By:
John Josephitis · License #IL 475.169297
Source:
Crexi
Added: Jun 1, 2022
Changed: Aug 8
Last Checked: Jul 31 at 2:10PM
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 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
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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 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.
