Fully Occupied Industrial
28101 Ballard Dr, Lake Forest, IL 60045
New
32,003 SF industrial property in Lake Forest, Illinois.
Type:Warehouse
Property size:
32,003 SFLot size:
1.87 AcresPrice / SF:
$107/SF- Added:
- May 18, 2026
- Days on Market:
- 6
- Last Refresh:
- May 18 at 7:33 am
Property Features for 28101 Ballard Dr
General Information
- Standard status
- Active
- Size
- 32,003 SF
- Lot size
- 1.87 Acres
- Property subtype
- Warehouse
Building Details
- Year Built
- 1984
Listing agent Tyler Sharp License #License(s): IL: 475.177869 (312) 327-5446
Listing office Marcus & Millichap | Dallas (312) 327-5446
Listing date May 18, 2026
Source Marcusmillichap
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 Marcus & Millichap | Dallas
HighLights
- Located in the South Lake submarket, outperforming national averages.
- Strategic location approximately one mile from Interstate 94 and close to U.S. Route 41.
- Fully occupied 32,003‑square‑foot six‑unit shallow‑bay industrial asset.
- Features seven grade‑level doors and five dock‑high doors.
- Zoned for limited industrial use, allowing for a range of tenants.
- Durable masonry construction and 15 feet of clear height.
Overview
This fully occupied 32,003-square-foot industrial asset is situated on 1.87 acres and comprises six units with shallow-bay configurations. Constructed with durable, low-maintenance masonry, the building offers 15 feet of clear height, accommodating diverse storage and operational needs. Access is facilitated by seven grade-level doors and five dock-high doors, streamlining loading and unloading processes. Zoned for limited industrial use, the property is suitable for contractors, manufacturing, warehousing, and distribution tenants. Its location is approximately one mile from Interstate 94 and in close proximity to U.S. Route 41, providing convenient access to major transportation routes. The surrounding area features a mix of industrial, commercial, and residential uses. Located in the South Lake submarket, the property benefits from a vacancy rate of 5.9 percent and an annual rent growth of 4.3 percent as of Q1 2026.
Location Intelligence
Current Use by Public Records
Warehouses
Similar Places Nearby
- BGI America — 28457 Ballard Dr Ste F, Lake Forest, IL 60045
- Extra Space Storage — 27944 Bradley Rd, Libertyville, IL 60048
- Polo Storage — 13655 W Irma Lee court, Lake Forest, IL 60045
- Self-Storage at U-Haul — 14045 W Rockland Rd, Libertyville, IL 60048
- Material Systems Inc. — 13800 W Laurel Dr, Lake Forest, IL 60045
Location Insight
- Map
- Local Demand
- City
- Lake Forest
- County
- Lake
- State
- Illinois
- Longitude
- -87.9002118
- Latitude
- 42.2714036
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - 32,003 SF industrial property in Lake Forest, Illinois.
Where is this warehouse located?
The property is located at 28101 Ballard Dr Lake Forest, IL.
What is the asking price?
The asking price for this property is $3,425,000.
What are key features of this property?
This property features: Located in the South Lake submarket, outperforming national averages.; Strategic location approximately one mile from Interstate 94 and close to U.S. Route 41.; Fully occupied 32,003‑square‑foot six‑unit shallow‑bay industrial asset.
