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    Lake Forest, IL

    Lake Forest, IL Commercial Real Estate for Sale

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    11 properties
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    Zoned Commercial Land Parcel
    Updated: Jul 22
    Zoned Commercial Land Parcel

    13975 W Polo Trail Drive, Lake Forest, IL 60045

    $3,000,000
    1.17 AC lot
    Brick construction
    Built in 1995
    Central air conditioning
    Flooring includes carpet and tile
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    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
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    Retail Investment Property with 5% Cap
    Retail Investment Property with 5% Cap

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

    Contact for pricing
    12,046 sqft

    Retail property offered with stated 5% cap rate and 12,046-square-foot building for sale.

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

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    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.

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    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.

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    Specialty Property
    Specialty Property

    13975 W Polo Trail Drive, Lake Forest, IL 60045

    $3,000,000

    Easy access to multiple major routes, including connections via Waukegan Road and nearby I-94.

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    Three-Story Office Building
    Three-Story Office Building

    191 E Deerpath Rd, Lake Forest, IL 60045

    Contact for pricing
    16,428 sqft

    Three-story office building with sizable floor plates designed for flexible office layouts.

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    Two-Story Mixed-Use Retail Office Center
    Two-Story Mixed-Use Retail Office Center

    840 S Waukegan Rd, Lake Forest, IL 60045

    Contact for pricing
    53,557 sqft

    Forest Square is a two-story mixed-use community center with below-ground heated parking and space for retail and office tenants.

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    Renovated Industrial Buildings with Income
    Renovated Industrial Buildings with Income

    28041 Bradley Rd, Lake Forest, IL 60045

    Contact for pricing
    35,482 sqft 2.82 AC lot

    Two industrial buildings on 2.82 acres with income potential.

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    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.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 11 Active listings in Lake Forest, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 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.

    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.

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    Multi-Tenant Office Building
    Multi-Tenant Office Building

    655 Rockland Rd, Lake Bluff, IL 60044

    Contact for pricing
    12,822 sqft

    Well-maintained multi-tenant office property with 31 professional suites and 41 on-site parking spaces.

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    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.

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    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.

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    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

    $5,700,000
    Estimated value
    3.13 AC lot
    View details
    293 Deerpath
    RETAIL STORES (PERSONAL SERVICES)

    293 Deerpath, Lake Forest, IL 60045-5309

    $540,000
    Estimated value
    14,722 sqft 0.19 AC lot
    View details
    225 Deerpath
    RETAIL STORES (PERSONAL SERVICES)

    225 Deerpath, Lake Forest, IL 60045-1952

    $6,065,000
    Estimated value
    85,494 sqft 0.48 AC lot
    View details
    1925 Fld Ct
    COMMERCIAL (GENERAL)

    1925 Fld Ct, Lake Forest, IL 60045-4862

    $495,000
    Estimated value
    8.77 AC lot
    View details
    1955 Fld Ct
    COMMERCIAL (GENERAL)

    1955 Fld Ct, Lake Forest, IL 60045-4824

    $2,900,000
    Estimated value
    5.25 AC lot
    View details
    27899 Irma Lee Cir, Unit 105
    INDUSTRIAL (GENERAL)

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

    Unit 105
    $640,000
    Estimated value
    View details
    27899 Irma Lee Cir Ste, Unit 104
    INDUSTRIAL (GENERAL)

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

    Unit 104
    $640,000
    Estimated value
    View details
    188 Westminster
    RETAIL STORES (PERSONAL SERVICES)

    188 Westminster, Lake Forest, IL 60045-1840

    $3,275,000
    Estimated value
    18,397 sqft 0.26 AC lot
    View details
    194 Westminster
    OFFICE BUILDING

    194 Westminster, Lake Forest, IL 60045-1840

    $3,275,000
    Estimated value
    9,832 sqft 0.17 AC lot
    View details
    28041 Bradley Rd
    INDUSTRIAL (GENERAL)

    28041 Bradley Rd, Lake Forest, IL 60045-1163

    $1,910,000
    Estimated value
    3.13 AC lot
    View details
    240 Deerpath
    VACANT COMMERCIAL LAND

    240 Deerpath, Lake Forest, IL 60045-1939

    $320,000
    Estimated value
    0.16 AC lot
    View details
    246 Deerpath
    RETAIL STORES (PERSONAL SERVICES)

    246 Deerpath, Lake Forest, IL 60045-1939

    $390,000
    Estimated value
    7,700 sqft 0.16 AC lot
    View details
    656 Bank Ln
    VACANT COMMERCIAL LAND

    656 Bank Ln, Lake Forest, IL 60045-1811

    $300,000
    Estimated value
    0.11 AC lot
    View details

    Lake Forest, IL Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Lake Forest, IL, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 435,115 square feet of properties for sale, with an estimated market value of $6,000,000.

    Sale prices for business properties in Lake Forest, IL average $3,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 21K
    Population Growth (5Y) -0.8%
    Median Household Income $225,551

    High-Yield Neighborhoods for Investment

    Identify Lake Forest submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60045 $3M

    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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