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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.

  • Year Built
    1960
  • Stories
    1.0
  • Construction Materials
    Brick
  • Foundation
    Concrete Perimeter

  • Acres
    0.5


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Frequently Asked Questions

How do I schedule a tour of 511 Rockland Rd?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 511 Rockland Rd.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 511 Rockland Rd?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,500,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Lake Bluff, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 511 Rockland Rd?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 511 Rockland Rd at around $9,781. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 511 Rockland Rd?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Lake County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 511 Rockland Rd?

In most cases, yes. Whether 511 Rockland Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Lake Bluff's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 511 Rockland Rd?

We can handle that for you. Our preferred local agent specializes in commercial sales in Lake Bluff and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,500,000 with 5,729 sqft of space—that comes out to approximately $262 per square foot.

How long has this property been on the market?

511 Rockland Rd was listed on May 21, 2025, which means it's been on the market for 542 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1960, making it approximately 66 years old.

What is the lot size of this property?

511 Rockland Rd sits on a 0.5-acre lot, which is 21,780 square feet.

What are the property taxes for 511 Rockland Rd?

The most recent public record shows annual property taxes for 511 Rockland Rd were approximately $14,936. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 511 Rockland Rd still available for sale?

This home is under contract, but may still accept backup offers. Click ♥ to track updates or connect with our local expert to see if it's still worth pursuing.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: November 14, 2026 at 09:16AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12371411