511 Rockland Rd Lake Bluff, IL 60044
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2.75-acre prime commercial/residential land
Property Features for 511 Rockland Rd
General Information
- Property type
- Land
- Lot Size
- 119,790 SF
Listing Agent: John Josephitis
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 2.75-acre site in Lake Bluff, IL, presents a rare redevelopment opportunity. Located at the northwest corner of Routes 41 and 176, this property boasts high traffic counts and proximity to thriving commercial areas, including a recently constructed Northwestern Medicine building and a retail center featuring Target and Chase Bank. The site encompasses multiple parcels with existing structures, including the Sunset Motel and several single-family homes, offering flexibility for various development scenarios. Currently zoned for commercial and residential use under Lake County, the property is also eligible for voluntary annexation into the Village of Lake Bluff, which is offering financial incentives. Public water and sewer are available. The Illinois Department of Transportation (IDOT) is planning interchange improvements at Routes 41 and 176 within the next five years, potentially enhancing the property's value further. This assemblage offers a unique chance to create a high-end commercial or mixed-use development in a prime North Shore location. The asking price is $1,975,000 for the Sunset Motel parcel
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Lake Bluff
- County
- Lake
- State
- Illinois
- Longitude
- -87.871709865006
- Latitude
- 42.279741788373
Nearby Similar for Sale
FAQs
What type of property is this?
Land - 2.75-acre prime commercial/residential land
Where is this land located?
The property is located at 511 Rockland Rd Lake Bluff, IL.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Rare North Shore commercial development opportunity with zoning entitlements available through Lake County or via voluntary annexation into Lake Bluff.; High traffic counts on Route 41 and Route 176.;