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    672 N Western Ave Lake Forest, IL 60045

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    For Lease
    Contact for pricing

    Retail space in a high-performing shopping center near Metra.

    Property size:
    1,250 SF
    Lot size:
    0.68 Acres

    Property Features for 672 N Western Ave

    General Information

    Size
    1,250 SF
    Lot size
    0.68 Acres

    Source: Mid-America Real Estate Group Agent Liz Krebs

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near Metra Station

    This 1,250-square-foot retail space is located in Market Square, a shopping center with a diverse mix of soft goods, service, and restaurant tenants. The property is positioned in a suburban downtown market within the Chicago MSA, directly across the street from the Lake Forest Metra station, which has an annual ridership close to 7 million. Market Square features architecture and provides over 300 parking spaces. The shopping center achieves high average per-square-foot sales.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping malls

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Market Square, Two Westminster Place, Coinstar Kiosk - Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Lake
    State
    Illinois
    Longitude
    -87.8401059
    Latitude
    42.251922

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    FAQs

    What type of property is this?
    Shopping center - Retail space in a high-performing shopping center near Metra.
    Where is this shopping center located?
    The property is located at 672 N Western Ave Lake Forest, IL.
    What are key features of this property?
    This property features: - Highest average per square foot sales ($800) in Chicago MSA.; - Located in a top suburban downtown market.; - Across the street from the Lake Forest Metra station (7 million annual ridership).
    (630) 954-7300
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    Lake Forest, IL 60045
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    672 N Western Ave Lake Forest, IL 60045
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