884 S Waukegan Rd Lake Forest, IL
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Chase Bank retail property in affluent Lake Forest, Illinois.
Type:RETAIL
Property size:
3,600 SFLot size:
0.74 AcresPrice / SF:
$1,769/SF- Added:
- Jul 26, 2023
- Days on Market:
- 1018
- Last Refresh:
- Apr 5 at 11:21 pm
Property Features for 884 S Waukegan Rd
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.74 Acres
- Property subtype
- RETAIL
Listing agent Jordan Shtulman
Listing office STREAM Capital Partners (312) 899-6664
Listing date Jul 26, 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 STREAM Capital Partners
HighLights
- 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).
- Adjacent to the METRA North line for convenient access to downtown Chicago.
- Chase branch serves high net worth individuals, family offices, and businesses.
- Lake Forest is home to major corporations (Grainger, Abbott, Pfizer, etc.).
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
Location Insight
- Map
- Local Demand
- City
- Lake Forest
- County
- Lake
- State
- Illinois
- Longitude
- -87.8406
- Latitude
- 42.2586
Nearby Similar for Sale
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).
