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    28457 Ballard Dr Lake Forest, IL 60045

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    For Lease
    $11 SF/Yr ($4,643 /Mo)

    69,539 SF building with flexible units for lease.

    Property size:
    5,066 SF
    Lot size:
    4.71 Acres

    Property Features for 28457 Ballard Dr

    General Information

    Size
    5,066 SF
    Lot size
    4.71 Acres

    Source: Brown Commercial Group Agent Collin Tyrrell

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

    Overview

    Lake Forest Flex/Industrial Space

    This 69,539 square foot building offers flexible units available for lease. Office space varies per unit. The building features 14-foot clear ceilings. Loading is facilitated by 3 shared docks and 1 shared drive-in door; some units have direct drive-in door access. Electrical capacity includes 200-400 Amp, 3 Phase power. Most units are equipped with 100% air conditioning. The lease price is subject to offer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Wholesale Shop Clothing Store Pharmacy Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Lake
    State
    Illinois
    Longitude
    -87.9003489
    Latitude
    42.2765148

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    FAQs

    What type of property is this?
    Flex space - 69,539 SF building with flexible units for lease.
    Where is this flex space located?
    The property is located at 28457 Ballard Dr Lake Forest, IL.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - Large 69,539 SF Building with Units Available For Lease; - Most Units Feature 100% A/C; - 14' Clear Ceilings
    (847) 758-9200
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    28457 Ballard Dr Lake Forest, IL 60045
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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
    28457 Ballard Dr Lake Forest, IL 60045
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