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508 W Washington Avenue

Lake Bluff, IL 60044
  • $340,000
  • STATUS: Active
  • ON SITE: 587 Days
  • MLS #: 11687323
$340,000
  • 2
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 1
    1/2 BATHS
  • 984
    SQFT
  • $346
    $/SQFT
Neighborhood:
Type:
Townhouse
Built:
1973
County:
Area:

School Information

Elementary School:
Middle School:
School District:
65

Description

Value is in the land for redevelopment. Consists of one single family townhome located at 508 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 is being sold separately under MLS 11392402. Sunset Motel is currently open and operating. 11 Shagbark is rented with a month to month lease in place. PIN numbers 12-19-206-014, 12-19-206-15 and 12-19- 206-007 are also for sale. Other properties in this offering are 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 about 120,000 sq ft or 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.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2024-07-23T00:01:11.45 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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508 W Washington Avenue Lake Bluff, IL 60044

  • Price: $340,000
  • Status: Active
  • On Site: 587 Days
  • MLS #: 11687323
2
Beds
1
Baths
1
½ Baths
N/A
Acres
984
SQFT
$346
$/SQFT
1973
Built
Neighborhood:
Lake Bluff
County:
Lake
Area:
Lake Bluff
Elementary School:
Lake Bluff Elementary School
Middle School:
Lake Bluff Middle School
High School:
Lake Forest High School
School District:
65
Property Description
Value is in the land for redevelopment. Consists of one single family townhome located at 508 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 is being sold separately under MLS 11392402. Sunset Motel is currently open and operating. 11 Shagbark is rented with a month to month lease in place. PIN numbers 12-19-206-014, 12-19-206-15 and 12-19- 206-007 are also for sale. Other properties in this offering are 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 about 120,000 sq ft or 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.
Exterior Features

Exterior Building Type Brick Exterior Features Storms/ScreensOutdoor Grill Foundation Details Concrete Perimeter Is Parking Included In Price Yes Lot Features Landscaped Parking Details Space/s Parking Features Assigned Parking Onsite Yes Parking Ownership Owned Parking Total 2 Roof Asphalt Stories Total 2 Unit Floor Level 1 Waterfront YN No

Interior Features

Appliances RangeMicrowaveDishwasherRefrigeratorWasherDryerDisposal Approximate Finished Sq Ft 984 Basement Finished Basement Bathrooms YN No Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 2 Cooling Window/Wall Units - 2 Heating ElectricBaseboard Interior Features Hardwood FloorsLaundry Hook-Up in Unit Room Type No additional rooms Rooms (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) Bedroom 2 (Second) Bedroom 3 (N/A) Bedroom 4 (N/A) Dining Room (N/A) Family Room (Main) Kitchen (Main) Laundry (Main) Living Room (Main) Master Bedroom (Second) Rooms Total 5 Total Sq Ft 984 Unfinished Sqft 1476 Upper Square Feet 984

Property Features

Additional Parcels YN No Age 41-50 Years Association Amenities Storage Association Fee 125 Association Fee Frequency Monthly Association Fee Includes InsuranceSecurityLawn CareScavengerSnow Removal Built Before1978 YN Yes Can Owner Rent Unit YN Yes Corporate Limits Unincorporated Currently Leased Yes Disability Access And Or Equipped No Electric Circuit Breakers General Information School Bus ServiceCommuter Train Master Association Fee Frequency Not Required Master Association Fee YN No Mls Actual Status Active New Construction YN No Other Equipment TV-CableSecurity SystemCO DetectorsCeiling Fan(s)Sump Pump Ownership Fee Simple Pets Allowed No Pets Allowed YN No Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 2993.4 Tax Year 2021 Total Numberof Unitsin Building 4 Township Shields Type Attached Single Type Attached Townhouse-2 Story Water Source Lake Michigan

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: (847) 234-8000.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2024-07-23T00:01:11.45 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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