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$1,800,000

  • Sold
  • Closed
  • Office
  • 31,783 Sq. Ft.
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Evergreen, located at 49-51 Sherwood Terrace, offers investors an excellent opportunity to own an historically high-occupancy, multi-tenant suburban office park in Lake Bluff, IL. Consisting of two, single-story buildings, on 2.83 acres, Evergreen includes 31,708 leasable square feet across 32 office suites. Individual unit sizes range from 400 to over 3,000 SF and are fully sprinklered. This building can be purchased as part of a 2-building portfolio. The other property is 2504 Washington St., Waukegan.

Full Property Details for 49 Sherwood Dr

General

  • Sold For: $1,800,000
  • Taxes: $43,535 (2023)
  • Status: Closed
  • Type: Office
  • Source: MRED
  • MLS ID: 11492918
  • Added to Site: 1, 333 day(s) ago

Additional Information

  • Security/Safety: Sprinklers (Wet)

Location

  • Area: Lake Bluff
  • County: Lake
  • Driving Directions: E. Park Ave (IL Rte. 176) east or west to Waukegan Rd. then south on Waukegan Rd. to N. Shore Dr. Turn left on N. Shore Dr. then right on Sherwood Terrace to property.
  • Location Details: North Suburban

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 1
  • Square Feet: 31,783
  • Year Built: 1960
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 32

Lot Features

  • Lot Size (Acres): 2.83
  • Lot Size (Sq. Ft.): 123,362
  • Lot Dimensions: 291.1 x 441.3 x 296.9 x 422.8
  • Zoning: OFFIC

Financial Considerations

  • Lease Price: $13
  • For Sale/Rent/Lease: For Sale Only
  • Operating Expenses: $133,058
  • Security Deposit: Sprinklers-Wet
  • Assessment Year: 1960
  • Tax Amount: $43,535
  • Tax Year: 2023
  • Tenant Pays: Air Conditioning, Electricity, Heat

Disclosures and Reports

  • Property ID: 12194010110000

Listed by Kinzie Brokerage LLC
Sold by Non Member

Listing agent

— 49 Sherwood Dr —

  • Kinzie Brokerage LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 49 Sherwood Dr

Date
Details
Price
Change
Source
6/27/2025
Sold
$1,800,000
-21.57%
MLS
12/13/2024
Price Reduced
$2,295,000
-16.55%
MLS
6/18/2024
Price Reduced
$2,750,000
-8.18%
MLS
5/12/2023
Price Reduced
$2,995,000
-9.1%
MLS
8/16/2022
Listed
$3,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Kinzie Brokerage LLC
Sold by Non Member

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49 Sherwood Drive, Lake Bluff, IL 60044 (MLS# 11492918) is a Office property that was sold at $1,800,000 on June 27, 2025. Want to learn more about 49 Sherwood Drive? Do you have questions about finding other Office real estate for sale in Lake Bluff? You can browse all Lake Bluff real estate or contact a Coldwell Banker agent to request more information.