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    840 S Waukegan Rd Lake Forest, IL

    For Lease
    Contact for pricing

    1,218 RSF storefront retail with high visibility.

    Property size:
    1,218 SF
    Lot size:
    2.19 Acres

    Property Features for 840 S Waukegan Rd

    General Information

    Size
    1,218 SF
    Lot size
    2.19 Acres

    Source: Jameson Commercial Agent Brent Burden

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

    Overview

    Storefront Retail Space For Rent

    This property offers 1,218 square feet of storefront retail space. It benefits from tremendous visibility and building monument signage. The location features outstanding demographics and is within walking distance of the Metra station. The property is located on S Waukegan Rd in Lake Forest, IL.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Lake
    State
    Illinois
    Longitude
    -87.840625
    Latitude
    42.2586342

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    FAQs

    What type of property is this?
    Storefront property - 1,218 RSF storefront retail with high visibility.
    Where is this storefront property located?
    The property is located at 840 S Waukegan Rd Lake Forest, IL.
    What are key features of this property?
    This property features: - 1,218 RSF of Storefront Retail; - Tremendous Visibility; - Building Monument
    (312) 216-8000
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    840 S Waukegan Rd Lake Forest, IL
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    Lake Forest, IL
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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
    840 S Waukegan Rd Lake Forest, IL
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