Lake Forest, IL Commercial Real Estate for Sale

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Lake Bluff, IL Highland Park, IL Highwood, IL

12 properties

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Updated: May 18

Fully Occupied Industrial Asset

28101 Ballard Dr, Lake Forest, IL 60045

$3,425,000

32,003 sqft · 1.87 AC lot

Located in the South Lake submarket, outperforming national averages.
Strategic location approximately one mile from Interstate 94 and close to U.S. Route 41.
Fully occupied 32,003‑square‑foot six‑unit shallow‑bay industrial asset.
Features seven grade‑level doors and five dock‑high doors.
Zoned for limited industrial use, allowing for a range of tenants.

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Updated: Jan 27

Class A Office Buildings For Sale

100 & 150 North Field Drive, Lake Forest, IL 60045

Contact for pricing

225,354 sqft

Opportunity to add value through lease‑up of a Class A office property with existing cash flow.
Strategic location directly off Interstate 94 (I‑94) providing convenient access to O'Hare Airport, downtown Chicago, and surrounding suburbs.
Located in the heart of Lake Forest's office community, surrounded by multiple office buildings and major corporations.
Three of the five largest tenants have lease terms extending beyond 2030.
Strong demographics with high average household income in the surrounding area.

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Renovated Industrial Buildings For Sale

28041 N Bradley Rd, Lake Forest, IL

Contact for pricing

35,482 sqft · 2.83 AC lot

Two industrial buildings totaling 35,482 SF on 2.82 acres.

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Mettawa Flex Space Portfolio

13753 W Boulton Blvd, Lake Forest, IL 60045

Contact for pricing

79,554 sqft

Flex spaces available for sale in Mettawa, Illinois.

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Lake Forest Industrial NNN Property

27825 Irma Lee Cir, Lake Forest, IL 60045

$1,736,410

15,315 sqft

Single-tenant, net-leased industrial building in Lake Forest, Illinois.

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Lake Forest Office Space Available

191 E Deerpath Rd, Lake Forest, IL

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4,262 sqft · 0.19 AC lot

Turnkey office space with abundant natural light and ample parking.

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Class B Downtown Office Building

191 E Deerpath Rd, Lake Forest, IL 60045

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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

181 E Westminster, Lake Forest, IL 60045

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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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Libertyville Office/Flex Portfolio For Sale

13975 W Polo Trail Dr, Lake Forest, IL 60045

$3,900,000

65,836 sqft

18-property office/flex portfolio in Libertyville's commercial corridor.

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Lake Forest Retail Investment Opportunity

884 S Waukegan Rd, Lake Forest, IL

$6,368,420

3,600 sqft · 0.74 AC lot

Chase Bank retail property in affluent Lake Forest, Illinois.

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Renovated Industrial Buildings with Income

28041 Bradley Rd, Lake Forest, IL 60045

Contact for pricing

35,482 sqft

Two industrial buildings on 2.82 acres with income potential.

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Office Space in Conway Park

500 N Field Dr, Lake Forest, IL

$6,229,680

33,225 sqft · 7.53 AC lot

Office space for rent in premier north suburban office development.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 12 Active listings in Lake Forest, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 60 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.

Libertyville Office Space Opportunity

14047 W Petronella Drive, Libertyville, IL 60048

$162,000

Large office space with highway access in Libertyville, Illinois.

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Libertyville Office Condo For Sale

14047 W Petronella Dr, Libertyville, IL 60048

$409,500

3,500 sqft

Commercial office condo in Libertyville with income potential.

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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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Lake Bluff Redevelopment Opportunity

511 W Rockland Rd, Lake Bluff, IL 60044

$1,500,000

2.75 AC lot

Commercial land for redevelopment in Lake Bluff, Illinois.

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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.

COMMERCIAL (GENERAL)

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

$5,700,000

Estimated value

3.13 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

293 Deerpath, Lake Forest, IL 60045-5309

$1,365,000

Estimated value

14,722 sqft · 0.19 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

225 Deerpath, Lake Forest, IL 60045-1952

$6,065,000

Estimated value

85,494 sqft · 0.48 AC lot

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COMMERCIAL (GENERAL)

1925 Fld Ct, Lake Forest, IL 60045-4862

Value Estimation by Request

8.77 AC lot

View details

COMMERCIAL (GENERAL)

1955 Fld Ct, Lake Forest, IL 60045-4824

$2,900,000

Estimated value

5.25 AC lot

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INDUSTRIAL (GENERAL)

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

Unit 105

$640,000

Estimated value

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INDUSTRIAL (GENERAL)

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

Unit 104

$640,000

Estimated value

View details

RETAIL STORES (PERSONAL SERVICES)

188 Westminster, Lake Forest, IL 60045-1840

$3,275,000

Estimated value

18,397 sqft · 0.26 AC lot

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OFFICE BUILDING

194 Westminster, Lake Forest, IL 60045-1840

$3,275,000

Estimated value

9,832 sqft · 0.17 AC lot

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INDUSTRIAL (GENERAL)

28041 Bradley Rd, Lake Forest, IL 60045-1163

$1,910,000

Estimated value

3.13 AC lot

View details

VACANT COMMERCIAL LAND

240 Deerpath, Lake Forest, IL 60045-1939

Value Estimation by Request

0.16 AC lot

View details

RETAIL STORES (PERSONAL SERVICES)

246 Deerpath, Lake Forest, IL 60045-1939

$750,000

Estimated value

7,700 sqft · 0.16 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 12 active listings on our real estate platform. These investment opportunities span a total of 149,979 square feet of properties for sale, with an estimated market value of $21,659,510.

Sale prices for business properties in Lake Forest, IL start at $1,736,410, averaging $4,331,902, and reaching up to $6,368,420 — 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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Lake Forest, IL Commercial Real Estate for Sale

28101 Ballard Dr, Lake Forest, IL 60045

100 & 150 North Field Drive, Lake Forest, IL 60045

28041 N Bradley Rd, Lake Forest, IL

13753 W Boulton Blvd, Lake Forest, IL 60045

27825 Irma Lee Cir, Lake Forest, IL 60045

191 E Deerpath Rd, Lake Forest, IL

191 E Deerpath Rd, Lake Forest, IL 60045

181 E Westminster, Lake Forest, IL 60045

13975 W Polo Trail Dr, Lake Forest, IL 60045

884 S Waukegan Rd, Lake Forest, IL

28041 Bradley Rd, Lake Forest, IL 60045

500 N Field Dr, Lake Forest, IL

Opportunities in Nearby Cities

14047 W Petronella Drive, Libertyville, IL 60048

14047 W Petronella Dr, Libertyville, IL 60048

101 Waukegan Road, Lake Bluff, IL 60044

511 W Rockland Rd, Lake Bluff, IL 60044

Off-Market Properties in Lake Forest, IL

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

293 Deerpath, Lake Forest, IL 60045-5309

225 Deerpath, Lake Forest, IL 60045-1952

1925 Fld Ct, Lake Forest, IL 60045-4862

1955 Fld Ct, Lake Forest, IL 60045-4824

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

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

188 Westminster, Lake Forest, IL 60045-1840

194 Westminster, Lake Forest, IL 60045-1840

28041 Bradley Rd, Lake Forest, IL 60045-1163

240 Deerpath, Lake Forest, IL 60045-1939

246 Deerpath, Lake Forest, IL 60045-1939

Lake Forest, IL Commercial Real Estate Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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