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$340,000
470 Days Online

508 W Washington Avenue
Lake Bluff, IL 60044

For Sale|Townhouse|Active
2
Beds
1
Full Bath
1
Partial Bath
984
SqFt
$346
/SqFt
1973
Built
County:
Lake
Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Realty 847-234-8000

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508 W Washington Avenue508 W Washington Avenue508 W Washington Avenue508 W Washington Avenue
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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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Listing Snapshot
Price 
$340,000
Days Online 
470 Days
Bedrooms 
2
Inside Area (SqFt) 
984 sqft
Total Baths 
2
Full Baths 
1
Partial Baths 
1
Lot Size 
N/A
Year Built 
1973
MLS Number 
11687323
Status 
Active
Property Tax 
$2,993
HOA/Condo/Coop Fees 
$125 monthly
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
4 months agoListing updated with changes from the MLS
a year agoListing first seen online
General Features
Parking 
Assigned
Parking Spaces 
2
Sewer 
Public Sewer
Electric 
Circuit Breakers
Basement 
Full
Number of Stories 
2
Property Sub Type 
Townhouse
Foundation 
Concrete Perimeter
General Information 
School Bus ServiceCommuter Train
Rooms Total 
5
Type Attached 
Townhouse-2 Story
Water 
Lake Michigan
Lot Features 
Landscaped
Parking Total 
2
Interior Features
Cooling 
Window/ Wall Units - 2
Heating 
ElectricBaseboard
Appliances 
RangeMicrowaveDishwasherRefrigeratorWasherDryerDisposal
Interior 
Hardwood FloorsLaundry Hook-Up in Unit
Room Types 
No additional rooms
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Exterior Features
Roof 
Asphalt
Waterfront Property 
No
Exterior 
Storms/ ScreensOutdoor GrillStorms/Screens
Lot 
Landscaped
Community Features
Association Dues 
125
Association Amenities 
Storage
Pets 
No
Township 
Shields
MLS Area 
Lake Bluff
Association Fee Includes 
InsuranceSecurityLawn CareScavengerSnow Removal
Pet Information 
No
Schools
School District
65
Elementary School
Lake Bluff Elementary School
Middle School
Lake Bluff Middle School
High School
Lake Forest High School
Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Realty 847-234-8000



Based on information submitted to the MLS GRID as of 2024-03-28 09:30 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Data last updated: 2024-03-28 09:30 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.

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Source: Walkscore
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