8 Skokie Hwy Lake Bluff, IL 60044-1750
Property profile & analytics
8 Skokie Hwy Lake Bluff, IL 60044-1750
- Office buildings
- 6,632 SF
- 0.33 lot acres
Property ID
US28-5338118
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 8 Skokie Hwy
- Year built
- 1975
- Construction
- FRAME
- Lot size
- 0.33 lot acres
- Property size
- 6,632 SF
- Property type
- Office buildings
- APN
- 12-19-206-010
- APU
- 1219206010
Description
This exceptional redevelopment opportunity presents a 0.33-acre parcel in Lake Bluff, IL, encompassing a vacant, two-story, 6,632 sq ft office building at 8 N Skokie Hwy. Built in 1975 and renovated in 2015, the Class B building features 12 units and 25 parking spaces. The property boasts a desirable location in a thriving commercial corridor, benefiting from proximity to major employers like Abbott Labs and recent developments including a new Target, Chase Bank, and retail strip malls. Across the street sits a newly constructed Northwestern Medicine building. The property is zoned COMMR, offering flexibility for various uses, including retail, medical, or multi-family. The land itself is the primary asset, with a price per square foot of $132.50, reflecting the significant redevelopment potential. The asking price is $1,900,000. This is part of a larger, eight-parcel assembly totaling 2.75 acres, presenting further expansion possibilities. The seller is open to the buyer voluntarily annexing into the Village of Lake Bluff, which may offer financial incentives. This is a rare chance to acquire a strategically located property with substantial upside in a high-demand area. The property was previously sold in May 2020 for $3,700,000 for a 41,040 sq ft parcel. This sale comparable sold for $90.16 per sq ft.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lake Bluff
- County
- Lake
- State
- Illinois
- Longitude
- -87.8711
- Latitude
- 42.2803
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,406
$44,041
$138,224
$182,265
-
$132,136
$414,713
$546,849
