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    884 S Waukegan Rd Lake Forest, IL

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    For Sale
    $6,368,420

    Chase Bank retail property in affluent Lake Forest, Illinois.

    Property size:
    3,600 SF
    Lot size:
    0.74 Acres

    Property Features for 884 S Waukegan Rd

    General Information

    Size
    3,600 SF
    Lot size
    0.74 Acres

    Source: STREAM Capital Partners Agent Jordan Shtulman

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

    Overview

    Lake Forest Retail Investment Opportunity

    This retail property in Lake Forest, Illinois, is leased to Chase Bank, which signed a 20-year lease commencing in December 2018. The branch serves high net worth individuals, family offices, and businesses within the community. It is located adjacent to the METRA North line, which provides commuter access to and from downtown Chicago. Chase has committed to 10% rent increases every 5 years throughout the lease. Lake Forest is one of the wealthiest towns in America, with average household incomes exceeding $384,000. Major corporations located in Lake Forest include Grainger, Abbott, Pfizer, Brunswick, The Chicago Bears, Tenneco, Hospira, and Northwestern Medicine Lake Forest Hospital. The property size is 3,600 square feet.
    Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

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

    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

    Nearby Similar for Sale

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      Viking Park Portfolio: Prime IL Investment

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    • $6,368,420
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      Lake Forest Chase Bank NNN Lease

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    FAQs

    What type of property is this?
    Bank - Chase Bank retail property in affluent Lake Forest, Illinois.
    Where is this bank located?
    The property is located at 884 S Waukegan Rd Lake Forest, IL.
    What is the asking price?
    The asking price for this property is $6,368,420.
    What are key features of this property?
    This property features: - Chase Bank 20-year lease commenced in December 2018.; - 10% rent increases every 5 years provide an inflation hedge.; - Located in Lake Forest, one of the wealthiest towns in America (average household income exceeds $384,000).
    (312) 899-6664
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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
    884 S Waukegan Rd Lake Forest, IL
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