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    13975 Polo Trail Dr Lake Forest, IL 60045

    Sponsored
    For Sale
    $4,875,000

    Multi-tenant flex space, high upside potential.

    Property size:
    68,556 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 22-unit portfolio, totaling 68,556 square feet, presents a compelling investment opportunity in the thriving commercial corridor of Libertyville, Illinois. Comprising seven buildings constructed between 1980 and 1995, the property features a mix of flex, traditional office, and warehouse spaces, catering to diverse tenant needs. Currently boasting 54% occupancy, the portfolio generates a stable net operating income (NOI) of $300,789, representing a 6.17% capitalization rate. However, a significant value-add opportunity exists, with a pro-forma NOI projected at $584,559 and a pro-forma cap rate of 11.99%. The low price per square foot ($71.11) and low rent basis offer substantial long-term value appreciation potential. Strategically located within one mile of I-94, the property benefits from excellent accessibility to both the North Shore and Chicago. The portfolio is zoned LI (Light Industrial), allowing for flexibility in future development or tenant mix. The asking price for this stabilized, multi-tenant investment is $4,875,000, or $221,590.91 per unit. This presents a rare chance to acquire a well-positioned portfolio with immediate cash flow and significant upside potential in a desirable location. The property includes addresses in both Lake Forest and Libertyville, Illinois.

    Property Features for 13975 Polo Trail Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    68,556 SF

    Building Details

    Buildings
    7
    Stories
    2
    Units
    22

    HighLights

    • 54% occupancy with significant value‑add potential, generating a current NOI of $300,789 and a pro‑forma NOI of $584,559.
    • Low price per square foot ($71.11) and low rent basis offer substantial long‑term appreciation.
    • Excellent accessibility to I‑94, providing convenient access to the North Shore and Chicago.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Building Supply Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Lake
    State
    Illinois
    Longitude
    -87.904608260899
    Latitude
    42.26783741683

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    FAQs

    What type of property is this?
    Distribution property - Multi-tenant flex space, high upside potential.
    Where is this distribution property located?
    The property is located at 13975 Polo Trail Dr Lake Forest, IL.
    What is the asking price?
    The asking price for this property is $4,875,000.
    What are key features of this property?
    This property features: 54% occupancy with significant value-add potential, generating a current NOI of $300,789 and a pro-forma NOI of $584,559.; Low price per square foot ($71.11) and low rent basis offer substantial long-term appreciation.; Excellent accessibility to I-94, providing convenient access to the North Shore and Chicago.
    Request Owner's contact information
    13975 Polo Trail Dr Lake Forest, IL 60045
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    Lake Forest, IL 60045
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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
    13975 Polo Trail Dr Lake Forest, IL 60045
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