511 Rockland Rd Lake Bluff, IL 60044
- Commercial land
- 0.06 lot acres
Current Use by Public Records
- Commercial land
Property Details for 511 Rockland Rd
- Lot size
- 0.06 lot acres
- Property type
- Commercial land
- APN
- 12-19-206-015
- APU
- 1219206015
Description
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
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Bluff
- County
- Lake
- State
- Illinois
- Longitude
- -87.8709
- Latitude
- 42.2799
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
