Value is in the land for redevelopment. The former Knollwood Fire Station is located at 14 N Skokie BLVD in unincorporated Lake Bluff, IL. 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 nine-parcel assembly of contiguous properties that total about 3.5 acres of commercial and residential land. Possible rezoning of all parcels to be either commercial or residential. Current zoning is with Lake County, IL. Possible to volunarily annex into the Village of Lake Bluff, which may possibly offer developer financial incentives. 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.

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 2023-09-25 05:15 PM 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: 2023-09-25 05:15 PM UTC
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