15 Shagbark Road, Lake Bluff, IL, 60044







Square feet



About 15 Shagbark Road

Value is in the land for redevelopment site. Offering consists of 15 and 17 Shagbark Road to be sold together as one sale. Two single family homes currently rented to tenants on month to month leases. 17,999 sq ft parcel and 13, 286 sq ft parcel offered at $1,962,000. Do not disturb tenants. Rare North Shore commercial redevelopment land acquisition opportunity available in Lake Bluff, IL. Major market areas include Lake Bluff, Lake Forest, Green Oaks and Libertyville, IL. General Commercial and Residential Zoning currently in place. Located in unincorporated Lake Bluff - Current Lake County Zoning. Buyer could voluntarily annex into the Village of Lake Bluff - Lake Bluff willing to offer financial incentives! Recent developments include new Target & Chase Bank plus retail strip malls directly across the street on Route 176 (Rockland Road) Adjacent to the brand new Northwestern Medicine building that just sold for $8,150,000 in 2021, which is located directly across the street on Route 176. Sold in May of 2020 for $3,700,000 for 41,040 sq ft parcel. This sales comparable sold for $90.16 per sq ft. Thriving commercial corridor serving Lake Bluff & Lake Forest residents plus large daytime employment from Abbott Labs and many surrounding businesses. Value is in the land! This offering is 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. Contact John Josephitis for full Offering Memorandum and complete details on the overall development opportunity.

Additional Information: This property is located in the Lake Bluff neighborhood, IL. This 2 bedrooms detached single property is priced at $1,168/sqft.

Facts & Features

MLS® # 11392419
Price $981,000
Bedrooms 2
Bathrooms 1.00
Full Baths 1
Square Footage 840
Price per Square Footage $1,167.86
Taxes $4,456
HOA Fees Freq. Not Applicable
Acres 0.42
Year Built 1951
Type Residential
Sub-Type Detached Single
Style Ranch
Status Active

Community Information

Address 15 Shagbark Road
Area Lake Bluff
City Lake Bluff
County Lake
State IL
Zip Code 60044


# of Garages 2
Is Waterfront No
Has Pool No


Appliances Range, Refrigerator
Heating Natural Gas
Cooling Central Air
Fireplace No
Stories 1 Story
Has Basement Yes
Basement None


Exterior Cedar
Roof Asphalt
Foundation Concrete Perimeter

School Information

District 115
High Lake Forest High School

Additional Information

Days on Market 329
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $4,456

Listing Details

OfficeColdwell Banker Realty

Listing Map

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