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Lake Forest, IL

Lake Forest, IL Commercial Real Estate for Sale

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Lake Bluff, IL Highwood, IL Libertyville, IL Mettawa, IL Deerfield, IL North Chicago, IL Bannockburn, IL Highland Park, IL

6 properties

Two-Story Mixed-Use Retail Office

Updated: Jul 8

Two-Story Mixed-Use Retail Office

225 E Deerpath Road, Lake Forest, IL 60045

Contact for pricing

47,863 sqft

Deerpath Plaza: 47,863 SF, two‑story mixed‑use retail and office building
Street‑corner location at Deerpath Road and Oakwood Avenue in downtown Lake Forest
In‑place NOI of approximately $592,000 at 74% occupancy
Diversified tenant mix including retail, medical, wellness, service, and professional office users
Built in 1988

Retail Investment Property with 5% Cap

Updated: Jun 29

Retail Investment Property with 5% Cap

990 S. Waukegan Rd., Lake Forest, IL 60045

Contact for pricing

12,046 sqft

Retail property built in 2002
12,046 SF retail building
Stated 5.00% cap rate

Class B Downtown Office Building

Class B Downtown Office Building

191 E Deerpath Rd, Lake Forest, IL 60045

Contact for pricing

16,428 sqft

Full-floor and suite-sized office space with natural light in Downtown Lake Forest and commuter-ready access.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Vacant Corner Development Land

Vacant Corner Development Land

181 E Westminster, Lake Forest, IL 60045

Contact for pricing

11,985 sqft

Vacant land on a southeast corner in downtown Lake Forest, suitable for a future development project subject to approvals.

Mixed-Use Day Care and Cafe

Mixed-Use Day Care and Cafe

600 N Field Dr, Lake Forest, IL 60045

Contact for pricing

137,498 sqft

Day care and an on-site cafe share an outdoor plaza with seating.

Conway Park Office Building

Conway Park Office Building

500 N Field Dr, Lake Forest, IL 60045

Contact for pricing

103,828 sqft

Office building in Conway Park offering 103,828 square feet of space within a North Suburban office development.

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 6 Active listings in Lake Forest, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Redevelopment Land with Operating Pub

Redevelopment Land with Operating Pub

515 Rockland Road, Lake Bluff, IL 60044

$735,000

0.21 AC lot

Redevelopment parcel with operating pub, offering substantial frontage on two roads and existing commercial zoning in place.

Versatile Office Space For Sale

Versatile Office Space For Sale

101 Waukegan Road, Lake Bluff, IL 60044

Contact for pricing

93,903 sqft

15,034 SF divisible office space suitable for medical use.

Viking Office Park Office Suite

Viking Office Park Office Suite

28045 N Ashley Cir, Libertyville, IL 60048

Contact for pricing

1,920 sqft

Bright office space in Libertyville's Viking Office Park.

Move-In Ready Office Condominium Suite

Move-In Ready Office Condominium Suite

28045 Ashley Cir, Libertyville, IL 60048

Contact for pricing

20,000 sqft

Updated office suite with seven private offices, a skylit conference room, kitchenette, and two restrooms.

Off-Market Properties in Lake Forest, IL

Consider similar Off-Market properties in Lake Forest, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

13795 Polo Trl Dr

COMMERCIAL (GENERAL)

13795 Polo Trl Dr, Lake Forest, IL 60045-5142

Estimated value:

$5,700,000

3.13 AC lot

293 Deerpath

RETAIL STORES (PERSONAL SERVICES)

293 Deerpath, Lake Forest, IL 60045-5309

Estimated value:

$540,000

14,722 sqft 0.19 AC lot

225 Deerpath

RETAIL STORES (PERSONAL SERVICES)

225 Deerpath, Lake Forest, IL 60045-1952

Estimated value:

$6,065,000

85,494 sqft 0.48 AC lot

1925 Fld Ct

COMMERCIAL (GENERAL)

1925 Fld Ct, Lake Forest, IL 60045-4862

Estimated value:

$495,000

8.77 AC lot

1955 Fld Ct

COMMERCIAL (GENERAL)

1955 Fld Ct, Lake Forest, IL 60045-4824

Estimated value:

$2,900,000

5.25 AC lot

27899 Irma Lee Cir, Unit 105

INDUSTRIAL (GENERAL)

27899 Irma Lee Cir, Lake Forest, IL 60045-5135

Unit 105

Estimated value:

$640,000

27899 Irma Lee Cir Ste, Unit 104

INDUSTRIAL (GENERAL)

27899 Irma Lee Cir Ste, Lake Forest, IL 60045-5135

Unit 104

Estimated value:

$640,000

188 Westminster

RETAIL STORES (PERSONAL SERVICES)

188 Westminster, Lake Forest, IL 60045-1840

Estimated value:

$3,275,000

18,397 sqft 0.26 AC lot

194 Westminster

OFFICE BUILDING

194 Westminster, Lake Forest, IL 60045-1840

Estimated value:

$3,275,000

9,832 sqft 0.17 AC lot

28041 Bradley Rd

INDUSTRIAL (GENERAL)

28041 Bradley Rd, Lake Forest, IL 60045-1163

Estimated value:

$1,910,000

3.13 AC lot

240 Deerpath

VACANT COMMERCIAL LAND

240 Deerpath, Lake Forest, IL 60045-1939

Estimated value:

$320,000

0.16 AC lot

246 Deerpath

RETAIL STORES (PERSONAL SERVICES)

246 Deerpath, Lake Forest, IL 60045-1939

Estimated value:

$390,000

7,700 sqft 0.16 AC lot

656 Bank Ln

VACANT COMMERCIAL LAND

656 Bank Ln, Lake Forest, IL 60045-1811

Estimated value:

$300,000

0.11 AC lot

27864 Irma Lee Cir Ste, Unit 104

COMMERCIAL (GENERAL)

27864 Irma Lee Cir Ste, Lake Forest, IL 60045-5114

Unit 104

Estimated value:

$365,000

27864 Irma Lee Cir Ste, Unit 103

COMMERCIAL (GENERAL)

27864 Irma Lee Cir Ste, Lake Forest, IL 60045-5114

Unit 103

Estimated value:

$385,000

28290 Ballard Dr

COMMERCIAL (GENERAL)

28290 Ballard Dr, Lake Forest, IL 60045-4553

Estimated value:

$400,000

27899 Irma Lee Cir Ste, Unit 103

INDUSTRIAL (GENERAL)

27899 Irma Lee Cir Ste, Lake Forest, IL 60045-5135

Unit 103

Estimated value:

$235,000

222 Wisconsin Ave

VACANT COMMERCIAL LAND

222 Wisconsin Ave, Lake Forest, IL 60045-1735

Estimated value:

$2,490,000

0.14 AC lot

Lake Forest, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Lake Forest, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 329,648 square feet of properties for sale.

Lake Forest, IL CRE market trends — vacancy, lease rates and price per SF, updated monthly

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Demographics Overview

Population 21K

Population Growth (5Y) -0.8%

Median Household Income $225,551

Taxes & Financing

Tax Rate (average for all types) 6.70%

Property Tax per SF $18.26 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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