Vacant Corner Development
For Sale
Contact for pricing
181 E Westminster, Lake Forest, IL 60045
Vacant land on a southeast corner in downtown Lake Forest, suitable for a future development project subject to approvals.
Property Size11,985 SF
Days on Market101
Property Features for 181 E Westminster
General Information
Standard status
Active
Size
11,985 SF
Property subtype
Retail, Land
Zoning
B-3 Traditional Business District
Building Details
Year Built
1939
Listing Agency:
Avison Young - Chicago Downtown
Listed By:
Tim Henry · License #IL
Source:
Crexi
Added: May 28
Changed: Aug 14
Last Checked: Sep 3 at 1:07PM
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 Avison Young - Chicago Downtown
Investment Insights
Based on property information with market context.
This offering consists of vacant commercial land at 181 E Westminster in Lake Forest. The parcel is positioned on the southeast corner of Westminster and Oakwood and is available for buyers seeking a clean slate for a future site plan and construction.
The property’s corner location in downtown Lake Forest supports a variety of development concepts, offering exposure to street-front conditions on two sides. As a vacant parcel, it provides flexibility for layout and design choices, while the existing site status avoids limitations tied to a current operating facility.
For investors and owner-users, the land’s availability can be valuable when you want to control the development timeline and configuration from the ground up. Any intended use will be subject to local approvals and permitting requirements, but the site’s straightforward vacancy can simplify the initial planning process compared with adaptive reuse. If you’re evaluating land as part of a larger portfolio or planning a new build, this parcel provides an opportunity to design around your specific program needs, within the constraints of applicable regulations.
The property’s corner location in downtown Lake Forest supports a variety of development concepts, offering exposure to street-front conditions on two sides. As a vacant parcel, it provides flexibility for layout and design choices, while the existing site status avoids limitations tied to a current operating facility.
For investors and owner-users, the land’s availability can be valuable when you want to control the development timeline and configuration from the ground up. Any intended use will be subject to local approvals and permitting requirements, but the site’s straightforward vacancy can simplify the initial planning process compared with adaptive reuse. If you’re evaluating land as part of a larger portfolio or planning a new build, this parcel provides an opportunity to design around your specific program needs, within the constraints of applicable regulations.
Key Highlights
- Vacant land on the southeast corner of Westminster and Oakwood in downtown Lake Forest
- Suitable for a future development project, subject to approvals
- Year built listed as 1939
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,191
Businesses Nearby
Explore this area
Business Placement
Demographics for 60045, IL
21,026
Population
7,939
Households
2.6
Avg Household Size
46
Median Age
81%
College-Educated
99%
High-School Grad
21.3 sq mi
ZIP Area
987
Density / Sq Mi
$225,551
Median Household Income
$78,718
Median Earnings
$2,321
Median Rent
$899,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant land on a southeast corner in downtown Lake Forest, suitable for a future development project subject to approvals.
Where is this commercial land located?
The property is located at 181 E Westminster Lake Forest, IL.
What are key features of this property?
This property features: Vacant land on the southeast corner of Westminster and Oakwood in downtown Lake Forest; Suitable for a future development project, subject to approvals; Year built listed as 1939
