506 W WASHINGTON Avenue, Lake Bluff, IL 60044 Find on Map

$340,000 ($346/SQ FT)

Estimated $1,990/month View My Payment

2 Bedrooms | 1 Full Baths, 1 Half Baths
MLS#: 11687316 | Status: Active

Value is in the land for redevelopment. Consists of one single family townhome located at 506 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, 12-19-206-010 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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ROUTE 176 W OF GREEN BAY, NORTH ON SHAGBARK TO WASHINGTON

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My Notes on This Property

Listing Courtesy of: Coldwell Banker Realty

This Lake Bluff, Il Attached Single is located at 506 W Washington Avenue in and has 2 bedrooms, 1 full & 1 half bathrooms with approx 984 square feet and a Full Finished Basement. It has been listed For Sale on Blue Fence for days and is currently Active on the Multiple Listing Service (MLS#: 11687316) with a list price of $ 340,000 or a price per sqft of $ 346.

506 W Washington Avenue is located within the Unincorporated City Limits, 60044 zip code and in Lake County Illinois. The Attached Single property was built in 1973 with a lot size of and has Space/s with Spaces. School age children living at 506 W Washington Avenue would go to Elementary School at Lake Bluff Elementary School (District 65), Middle School at Lake Bluff Middle School (District 65) and High School at Lake Forest High School (District 115).

Do you have questions about 506 W Washington Avenue in Lake Bluff? Learn more about this property and other Lake Bluff real estate for sale by contacting the best high selling real estate agents REALTORS® with awarding winning Blue Fence Real Estate. Simply request more information from a top rated Blue Fence REALTOR® or browse all of the most updated listings of Lake Bluff Homes For Sale.

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MLS#: 11687316 | Status: Active

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