511 Rockland RdLake Bluff, IL 60044

Property Details for 511 Rockland Rd

Lot size

0.06 AC

Property type

Commercial land

APN

12-19-206-015

APU

1219206015

Description

This exceptional 2.75-acre site in Lake Bluff, IL, presents a rare redevelopment opportunity. Located at the northwest corner of Routes 41 and 176, this property boasts high traffic counts and proximity to thriving commercial areas, including a recently constructed Northwestern Medicine building and a retail center featuring Target and Chase Bank. The site encompasses multiple parcels with existing structures, including the Sunset Motel and several single-family homes, offering flexibility for various development scenarios. Currently zoned for commercial and residential use under Lake County, the property is also eligible for voluntary annexation into the Village of Lake Bluff, which is offering financial incentives. Public water and sewer are available. The Illinois Department of Transportation (IDOT) is planning interchange improvements at Routes 41 and 176 within the next five years, potentially enhancing the property's value further. This assemblage offers a unique chance to create a high-end commercial or mixed-use development in a prime North Shore location. The asking price is $1,975,000 for the Sunset Motel parcel

• Alternative Use

  Use

  Valuation

  Residential

  $537,559

  Hospitality

  $492,401

  Educational

  $409,672

  Medical

  $423,761

  Retail

  $637,267

Location Insight

City

Lake Bluff

County

Lake

State

Illinois

Latitude

42.2799

Longitude

-87.8709

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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