511 Rockland Road

Lake Bluff, IL 60044

$1,975,000
Price
14
Beds
13
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Value is in the land for redevelopment. The Sunset Motel is located at 511 Rockland Road. 8 Skokie Valley Road Office Building and one single family home located at 11 Shagbark Road is being sold separately under MLS #'s 11392405 and 11392412 . Seller will sell this four parcel lot package with a total of 62,624 sq foot combined parcel at $5,900,000. 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...Value is in the land for redevelopment. The Sunset Motel is located at 511 Rockland Road. 8 Skokie Valley Road Office Building and one single family home located at 11 Shagbark Road is being sold separately under MLS #'s 11392405 and 11392412 . Seller will sell this four parcel lot package with a total of 62,624 sq foot combined parcel at $5,900,000. 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. 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 eight-parcel assembly of contiguous properties that total 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.
  1. Listed by John Josephitis • Coldwell Banker Realty

Property Details for 511 Rockland Road

Area
Lake Bluff
Township
Shields
Zoning
COMMR

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute
LISTING UPDATED: 04/08/2024 02:58 PM

Property Details for 511 Rockland Road

StatusActive
MLS #11392402
Days on Market808
Taxes$12,242 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Rooming House/Sro
Year Built1960
Lot Size0.50 AC / 21,918 SF
CountyLake County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 511 Rockland Road

Stories-Residences13Year Built1960Building Size-Lot Size0.50 AC / 21,918 SF

Payment Calculator

$11,799 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,778

Property Taxes

$1,020

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 511 Rockland Road

General Information
Addtl Parking Information
  • Outdoor Parking: 19-30 Spaces
  • Open Parking Spaces: 21.0
Location and General Information
  • Frontage Type: Frontage Road, State Road
  • Information: None
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Heat/Ventilation: Central Bldg Heat
  • Num of Baths: 13.0
Property/Lot Information
  • Tenant Pays: None
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Rooming House/SRO
  • Lot Dimensions: 225 X 109
  • Lot Size Square Feet: 21918.0
  • Stories: 1
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Composition
  • Roof Structure: Gable
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 5729
  • Lot Size Source: County Records
  • MRD_UNC: Yes
Property and Assessments
  • Possible Use: Commercial, Office and Research, Development, Multi-Family, Retail
  • Public Document Count: 0
  • Photos Count: 9
Miscellaneous
  • Current Use: Single Room Occupancy
  • Location: Central Business District
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 13
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Known Encumbrances: None Known
  • Janitor Expense: 0
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 12
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 511 Rockland Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 511 Rockland Road

Taxable ValueLand$130,461Additions$75,861Total$206,322
Tax Record2023$11,801 ($983 / month)
Home Facts
Total Finished SqFt5,729 SqFtAbove Grade Finished SqFt5,729 SqFtLot Size21,919 SqFtStyleHotel / MotelYear Built1960CountyLAKEAPN12-19-206-014

Schools near 511 Rockland Road

This home is within Lake Bluff Esd 65 School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Private - 5 to 12
Rating
School
Distance
Lake Bluff Elementary School
PublicPK to 6

Lake Bluff Middle School
Public6 to 8

Lake Forest High School
Public9 to 12

Safe Haven School
Private5 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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511 Rockland Road is a multi-family home for sale in Lake Bluff, IL 60044. This property was listed for sale on May 3, 2022 by Coldwell Banker Realty, it's currently listed at $1,975,000. This listing's school districts are Lake Bluff Esd 65 School District, Lake Forest Chsd 115 School District. Nearby schools include Lake Bluff Elementary School, Lake Bluff Middle School and Lake Forest High School. 511 Rockland Road is a 14-bed, 13-bath, multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 04/08/2024 02:58 PM. 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.