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    Lake Forest, IL Office Spaces for Sale

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    Lake Bluff, IL Highland Park, IL Highwood, IL
    Office Space in Conway Park
    Updated: Feb 10, 2023
    Office Space in Conway Park

    500 N Field Dr, Lake Forest, IL

    $6,229,680
    33,225 sqft · 7.53 AC lot
    Located within Conway Park
    Premier north suburban office development
    Prime office location
    Property Details
    Additional Property Details
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    This listing looks promising.

    Here's a quick look at some key insights for

    500 N Field Dr, Lake Forest, IL

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    • Est. Cap Rate

      7.4%
      Above avg (5.9%)

    • Est. NOI

      $458K
      Annual

    • Mortgage

      $5M
      Recorded

    • Last Sold

      Oct 2025
      $3.73M
    View Property Analytics
    Class A Office Buildings For Sale
    Updated: Jan 27
    Class A Office Buildings For Sale

    100 & 150 North Field Drive, Lake Forest, IL 60045

    Contact for pricing
    225,354 sqft
    Opportunity to add value through lease‑up of a Class A office property with existing cash flow.
    Strategic location directly off Interstate 94 (I‑94) providing convenient access to O'Hare Airport, downtown Chicago, and surrounding suburbs.
    Located in the heart of Lake Forest's office community, surrounded by multiple office buildings and major corporations.
    Three of the five largest tenants have lease terms extending beyond 2030.
    Strong demographics with high average household income in the surrounding area.
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    Lake Forest Office Space Available
    Lake Forest Office Space Available

    191 E Deerpath Rd, Lake Forest, IL

    Contact for pricing
    4,262 sqft · 0.19 AC lot

    Turnkey office space with abundant natural light and ample parking.

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    Class B Downtown Office Building
    Class B Downtown Office Building

    191 E Deerpath Rd, Lake Forest, IL 60045

    Contact for pricing
    16,428 sqft

    Full-floor and suite-sized office space with natural light in Downtown Lake Forest and commuter-ready access.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Libertyville Office/Flex Portfolio For Sale
    Libertyville Office/Flex Portfolio For Sale

    13975 W Polo Trail Dr, Lake Forest, IL 60045

    $3,900,000
    65,836 sqft

    18-property office/flex portfolio in Libertyville's commercial corridor.

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    Based on your search, we've compiled 42 Potential Opportunities for your consideration. Besides 5 Active listings in Lake Forest, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 29 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Libertyville Office Space Opportunity
    Libertyville Office Space Opportunity

    14047 W Petronella Drive, Libertyville, IL 60048

    $162,000

    Large office space with highway access in Libertyville, Illinois.

    View details
    Versatile Office Space For Sale
    Versatile Office Space For Sale

    101 Waukegan Road, Lake Bluff, IL 60044

    Contact for pricing
    93,903 sqft

    15,034 SF divisible office space suitable for medical use.

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    Versatile Retail and Office Building
    Versatile Retail and Office Building

    33 N Waukegan Rd, Lake Bluff, IL 60044

    Contact for pricing
    7,950 sqft

    Freestanding commercial property with strong visibility and easy access on a major Lake County thoroughfare.

    View details
    Viking Office Park Office Suite
    Viking Office Park Office Suite

    28045 N Ashley Cir, Libertyville, IL 60048

    Contact for pricing
    1,920 sqft

    Bright office space in Libertyville's Viking Office Park.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Downtown Libertyville Lot
    Prime Downtown Libertyville Lot

    121 West Church Street, Libertyville, IL 60048

    Contact for pricing

    Rare opportunity to own a lot in downtown Libertyville.

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    Mundelein Commercial Development Opportunity
    Mundelein Commercial Development Opportunity

    427 E Il Route 83, Mundelein, IL 60060

    $349,900
    1.00 AC lot

    Prime commercial land in Mundelein, seller financing available.

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    Waukegan Land Development Opportunity
    Waukegan Land Development Opportunity

    1213 Grand Avenue, Waukegan, IL 60085

    $559,000
    1.49 AC lot

    Prime vacant land for commercial development in Waukegan, Illinois.

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    Waukegan Land Bundle For Sale
    Waukegan Land Bundle For Sale

    1504 W Glen Flora Avenue, Waukegan, IL 60085

    $499,999
    11.76 AC lot

    Three parcels of land totaling 11.76 acres in Waukegan, IL.

    View details

    Off-Market Properties in Lake Forest, IL

    Consider similar Off-Market properties in Lake Forest, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    194 Westminster
    OFFICE BUILDING

    194 Westminster, Lake Forest, IL 60045-1840

    $3,275,000
    Estimated value
    9,832 sqft · 0.17 AC lot
    View details
    222 Wisconsin Ave
    OFFICE BUILDING

    222 Wisconsin Ave, Lake Forest, IL 60045-1735

    $2,320,000
    Estimated value
    27,176 sqft · 0.79 AC lot
    View details
    1401 Western Ave
    OFFICE BUILDING

    1401 Western Ave, Lake Forest, IL 60045-1256

    $930,000
    Estimated value
    9,600 sqft · 0.32 AC lot
    View details
    840 Waukegan Rd
    OFFICE BUILDING

    840 Waukegan Rd, Lake Forest, IL 60045-2608

    Value Estimation by Request
    55,072 sqft · 2.19 AC lot
    View details
    560 Oakwood Ave
    OFFICE BUILDING

    560 Oakwood Ave, Lake Forest, IL 60045-1972

    $1,905,000
    Estimated value
    11,330 sqft · 0.22 AC lot
    View details
    582 Oakwood Ave
    OFFICE BUILDING

    582 Oakwood Ave, Lake Forest, IL 60045-1974

    $1,245,000
    Estimated value
    7,696 sqft · 0.16 AC lot
    View details
    596 Western Ave
    OFFICE BUILDING

    596 Western Ave, Lake Forest, IL 60045

    Value Estimation by Request
    5,190 sqft · 0.06 AC lot
    View details
    250 Illinois Rd
    OFFICE BUILDING

    250 Illinois Rd, Lake Forest, IL 60045-1969

    $945,000
    Estimated value
    6,612 sqft · 0.07 AC lot
    View details
    915 Waukegan Rd
    OFFICE BUILDING

    915 Waukegan Rd, Lake Forest, IL 60045-2654

    $1,715,000
    Estimated value
    17,342 sqft · 1.10 AC lot
    View details
    191 Deerpath
    OFFICE BUILDING

    191 Deerpath, Lake Forest, IL 60045-1967

    $795,000
    Estimated value
    5,678 sqft · 0.06 AC lot
    View details
    570 Oakwood Ave
    OFFICE BUILDING

    570 Oakwood Ave, Lake Forest, IL 60045-5327

    Value Estimation by Request
    6,656 sqft · 0.23 AC lot
    View details
    1025 Everett Rd
    OFFICE BUILDING

    1025 Everett Rd, Lake Forest, IL 60045-2697

    $1,840,000
    Estimated value
    15,738 sqft · 0.62 AC lot
    View details
    1400 Western Ave
    MEDICAL CLINIC

    1400 Western Ave, Lake Forest, IL 60045-5404

    $515,000
    Estimated value
    7,325 sqft · 0.48 AC lot
    View details
    1000 Western Ave, Unit 21
    OFFICE BUILDING

    1000 Western Ave, Lake Forest, IL 60045-1207

    Unit 21
    Value Estimation by Request
    3,900 sqft · 0.01 AC lot
    View details
    1022 Western Ave, Unit 22
    OFFICE BUILDING

    1022 Western Ave, Lake Forest, IL 60045-1207

    Unit 22
    Value Estimation by Request
    3,900 sqft · 0.01 AC lot
    View details
    191 Deerpath
    OFFICE BUILDING

    191 Deerpath, Lake Forest, IL 60045-1967

    $1,460,000
    Estimated value
    11,330 sqft · 0.06 AC lot
    View details
    181 Westminster
    OFFICE BUILDING

    181 Westminster, Lake Forest, IL 60045-1835

    Value Estimation by Request
    1,392 sqft · 0.07 AC lot
    View details
    207 Westminster
    OFFICE BUILDING

    207 Westminster, Lake Forest, IL 60045-1881

    $2,935,000
    Estimated value
    24,892 sqft · 0.16 AC lot
    View details
    700 Westmoreland Rd
    OFFICE BUILDING

    700 Westmoreland Rd, Lake Forest, IL 60045-1679

    Value Estimation by Request
    9.46 AC lot
    View details

    Lake Forest, IL Office Spaces Market Trends and Statistics

    Explore 34 office spaces for sale in Lake Forest, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 99,061 square feet of properties for sale, with an estimated market value of $10,129,680.

    Sale prices for office spaces in Lake Forest, IL start at $3,900,000, averaging $5,064,840, and reaching up to $6,229,680 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office buildings 14
    Office Units 10
    Coworking space 1
    Medical Office Space 1

    Demographics Overview

    Population 21K
    Population Growth (5Y) -0.8%
    Median Household Income $225,551

    High-Yield Neighborhoods for Investment

    Identify Lake Forest submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60045 $3.9M

    Taxes & Financing

    Tax Rate (average for all types) 6.70%
    Property Tax per SF $18.26 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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