510 West Washington Avenue, Lake Bluff, IL, 60044







Square feet

About 510 West Washington Avenue

Value is in the land for redevelopment. Consists of one single family townhome located at 510 W Washington Avenue in unincorporated Lake Bluff. Three other townhomes in the Knollwood Townhomes are also for sale under separate listings. The Sunset Motel located at 511 Rockland Road and 8 Skokie Valley Road Office Building are being sold separately under MLS #'s 11392402 and 11392405. Sunset Motel is currently open and operating. Office building at 8 Skokie BLVD has a few month to month tenants in place. SFH at 11 Shagbark is rented with a month to month lease in place. PIN numbers 12-19-206-014, 12-19-206-15, 12-19-206-010 and 12-19- 206-007. Other properties in this offering are the former Knollwood Fire Station and three single family homes located on Shagbark Road. 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 eleven-parcel assembly of contiguous properties that total 168,811 or 3.90 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 attached single property is priced at $318/sqft.

Facts & Features

MLS® # 11662380
Price $312,500
Bedrooms 2
Bathrooms 2.00
Full Baths 1
Half Baths 1
Square Footage 984
Price per Square Footage $317.58
Taxes $2,854
HOA Fees $125
HOA Fees Freq. Monthly
Acres 0.00
Year Built 1973
Type Residential
Sub-Type Attached Single
Status Active

Community Information

Address 510 West Washington Avenue
Area Lake Bluff
City Lake Bluff
County Lake
State IL
Zip Code 60044


Amenities Storage
Parking Spaces 2
Parking Assigned
Is Waterfront No
Has Pool No


Interior Features Hardwood Floors, Laundry Hook-Up in Unit
Appliances Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Heating Electric, Baseboard
Cooling Window/Wall Units - 2
Fireplace No
# of Stories 2
Has Basement Yes
Basement Full


Exterior Brick
Exterior Features Storms/Screens, Outdoor Grill
Lot Description Landscaped
Roof Asphalt
Foundation Concrete Perimeter

School Information

District 115
Elementary Lake Bluff Elementary School
Middle Lake Bluff Middle School
High Lake Forest High School

Additional Information

Days on Market 563
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $2,854

Listing Details

OfficeColdwell Banker Realty

Listing Map

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