511 Rockland Rd Lake Bluff, IL 60044
Knollwood NeighborhoodEstimated payment $9,418/month
About This Home
Value Is In The Land For Redevelopment. Tenant Occupied. Consists Of 8 Skokie Valley Road Office Building, The Sunset Motel Located At 511 Rockland Road And One Single Family Home Located At 11 Shagbark Road listed for $475,000. Owner prefers to sell the lot/home at 11 Shagbark with this listing at 511 Rockland Road listed at $1,500,000. Sunset Motel Is Currently Open And Operating. Office Building At 8 Skokie BLVD Has A Few Month To Month Tenants In Place and is listed at $1,250,000. SFH At 11 Shagbark Is Rented With A Month To Month Lease In Place. No interior showings for house unless buyer wishes to acquire both 11 Shagbark and 511 Rockland Road together. 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).v 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 could be 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,936
Year Built
- Built in 1960
Lot Details
- 0.5 Acre Lot
- Lot Dimensions are 225 x 109
- Property fronts a state road
- Additional Parcels
Home Design
- Rooming House
- Gable Roof Shape
- Brick Exterior Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,729 Sq Ft Home
- 1-Story Property
Utilities
- Central Heating
Community Details
- 13 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $14,597 | $223,818 | $141,524 | $82,294 |
| 2023 | $11,857 | $206,322 | $130,461 | $75,861 |
| 2022 | $11,857 | $171,799 | $108,632 | $63,167 |
| 2021 | $11,326 | $170,317 | $107,695 | $62,622 |
| 2020 | $10,927 | $171,259 | $108,291 | $62,968 |
| 2019 | $10,983 | $168,115 | $106,303 | $61,812 |
| 2018 | $8,770 | $136,032 | $102,630 | $33,402 |
| 2017 | $8,631 | $133,758 | $100,914 | $32,844 |
| 2016 | $8,331 | $127,316 | $96,054 | $31,262 |
| 2015 | $8,210 | $119,883 | $90,446 | $29,437 |
| 2014 | $8,163 | $119,881 | $98,070 | $21,811 |
| 2012 | $7,620 | $120,921 | $98,921 | $22,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | For Sale | $1,500,000 | -- | $262 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $515,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $386,520 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12371411
APN: 12-19-206-014
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