Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lake Forest Office Space Available Title is generated by Realmo AI

    1955 W Field Ct, Lake Forest, IL

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    19,710 SF office space with excellent highway access.

    Type:OFFICE
    Property size:
    19,710 SF
    Lot size:
    5.20 Acres
    Added:
    Nov 6, 2023
    Days on Market:
    943
    Last Refresh:
    May 20 at 8:19 pm

    Property Features for 1955 W Field Ct

    General Information

    Standard status
    Active
    Size
    19,710 SF
    Lot size
    5.20 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1955 W Field Ct Contact us

    We can help!

    Listing Contact
    Chris Cummins
    Chris Cummins

    Listing agent Chris Cummins License #475130316

    Listing office JLL - Corporate

    Listing date Nov 6, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of JLL - Corporate

    HighLights

    • Excellent access to I‑94 via rte 60 interchange
    • Full kitchen with black iron, loading dock and back‑up generator
    • 19,710 sf available with minimal columns for flexibility
    • 13+ foot ceiling heights with 19,170 rsf floorplates
    • 3.3 parking spaces per 1,000 rsf
    • Prominent monument signage

    Overview

    This 19,710 square foot office space is available for rent. The property features 15-foot ceiling heights and 13+ foot ceiling heights with 19,170 square foot floorplates. It offers excellent access to I-94 via Route 60 interchange. Parking is available at a ratio of 3.3 spaces per 1,000 square feet. The space includes a full kitchen with black iron, a loading dock, and a back-up generator. The property also features prominent monument signage. The center core efficient layout has minimal columns for flexibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy Hotel & Motel 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
    -87.8944
    Latitude
    42.2431

    Nearby Similar for Lease

    • Sponsored
      $129-$5,166/Mo
      11-1,292 SF

      Landmark Conway Farms

      100 Saunders Rd, Unit 150, Lake Forest, IL 60045
      View Details
    • Contact for pricing

      Lake Forest Office Space Available

      Prime office location in Lake Forest's Central North submarket.
      920 South Waukegan Road, Lake Forest, Illinois 60015
      View Details
    • $18 SF/Yr
      1,722 SF

      Lake Forest Office/Retail Suites

      Suites available in downtown Lake Forest near Metra.
      1044-1060 N Western Ave , Lake Forest, IL
      View Details
    • Contact for pricing

      Renovated Retail/Office Space Available

      Newly renovated retail and office spaces near Lake Forest Metra.
      820 S Waukegan Rd, Lake Forest, Illinois 60045
      View Details
    • Contact for pricing
      775 SF

      Renovated Mixed-Use Building For Rent

      Newly renovated mixed-use building in a desirable North Shore suburb.
      1000 N Western Ave, Lake Forest, Illinois
      View Details
    • Contact for pricing
      4,262 SF

      Downtown Lake Forest Office Space

      Class B office space available in Downtown Lake Forest.
      191 E Deerpath Road, Lake Forest, Illinois 60045
      View Details
    • Contact for pricing
      47,863 SF

      Lake Forest Retail/Office Space

      Class A retail/office space in affluent Lake Forest suburb.
      225 E Deerpath Road, Lake Forest, IL 60045
      View Details
    • $36 SF/Yr
      960 SF

      Professional Office Suites For Rent

      Office suites available with on-site parking and internet included.
      222 E Wisconsin Ave, Lake Forest, IL
      View Details
    • Contact for pricing
      16,579 SF

      Class A Office Building

      Class A office space for rent in Lake Forest, IL.
      150 N Field Dr, Lake Forest, IL
      View Details
    • Contact for pricing

      Office Space For Rent

      Office space available for rent in Lake Forest, Illinois.
      100 South Saunders Road, #200, Lake Forest, IL 60045
      View Details
    • Contact for pricing
      1,218 SF

      Storefront Retail Space For Rent

      1,218 RSF storefront retail with high visibility.
      840 S Waukegan Rd, Lake Forest, IL
      View Details
    • Contact for pricing
      1,809 SF

      Downtown Lake Forest Retail/Office Space

      Class A retail/office space in affluent Lake Forest, Illinois.
      225 E Deerpath Rd, Lake Forest, IL
      View Details

    FAQs

    What type of property is this?
    Office units - 19,710 SF office space with excellent highway access.
    Where is this office units located?
    The property is located at 1955 W Field Ct Lake Forest, IL.
    What are key features of this property?
    This property features: Excellent access to I‑94 via rte 60 interchange; Full kitchen with black iron, loading dock and back‑up generator; 19,710 sf available with minimal columns for flexibility
    (312) 782-5800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Cummins
    Chris Cummins
    Real Estate License ID: 475130316
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1955 W Field Ct, Lake Forest, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!