Two-Story Mixed-Use Retail Office
840 S Waukegan Rd Lake Forest, IL 60045
840 S Waukegan Rd, Lake Forest, IL, 60045
Contact for pricing
For Sale
Contact for pricing
Pending
Forest Square is a two-story mixed-use community center with below-ground heated parking and space for retail and office tenants.
Property Size53,557 SF
Days on Market101
Property Features for 840 S Waukegan Rd
General Information
- Standard status
- Pending
- Size
- 53,557 SF
- Property subtype
- Retail, Office, Mixed Use
Listing agency
Marcus & Millichap - Chicago Downtown
Listed by
Stephen Lieberman · License #IL 475.144282
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 3:13AM Checked: Jul 21 at 3:13AM
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 - Chicago Downtown
Investment Insights
Based on property information with market context.
Forest Square is a Class A, two-story mixed-use community center constructed in 2008. The property includes a below-ground heated parking garage and totals approximately 53,122 rentable square feet, plus additional storage space. The community is occupied by a mix of 21 retail and office tenants and is currently 89.83% occupied, with a Weighted Average Lease Term (WALT) of 4.11 years remaining. Ownership has invested more than $421,000 in capital improvements since 2016, including modernized HVAC upgrades, asphalt and concrete replacements, and new tenant directory stone signage.
The property is adjacent to the Metra Train Station and is located at 840 S Waukegan Road in Lake Forest, Illinois.
For sale as a trophy mixed-use asset, Forest Square is positioned as a multi-tenant retail and office center designed to serve both street-level uses and tenant parking needs.
The property is adjacent to the Metra Train Station and is located at 840 S Waukegan Road in Lake Forest, Illinois.
For sale as a trophy mixed-use asset, Forest Square is positioned as a multi-tenant retail and office center designed to serve both street-level uses and tenant parking needs.
Key Highlights
- Constructed in 2008: Class A, two‑story mixed‑use community center with below‑ground heated parking
- Approximately 53,122 RSF plus 435 SF of storage, occupied by 21 retail and office tenants
- Currently 89.83% occupied with a 4.11‑year Weighted Average Lease Term (WALT) remaining
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Forest Square is a two-story mixed-use community center with below-ground heated parking and space for retail and office tenants.
Where is this office building located?
The property is located at 840 S Waukegan Rd Lake Forest, IL.
What are key features of this property?
This property features: Constructed in 2008: Class A, two‑story mixed‑use community center with below‑ground heated parking; Approximately 53,122 RSF plus 435 SF of storage, occupied by 21 retail and office tenants; Currently 89.83% occupied with a 4.11‑year Weighted Average Lease Term (WALT) remaining
