1355 Western Ave, Lake Forest, IL 60045
This exceptional retail opportunity is located at 1355 N. Western Avenue in Lake Forest, Illinois, within the highly desirable 1339-1363 Western Avenue retail strip center. The property boasts a total of 10,032 square feet, with 1,254 square feet currently available for lease. The space features a storefront design with a prominent glass facade, ensuring excellent visibility and attracting potential customers. Convenient street parking is available for customers, while tenants benefit from ample surface parking located at the rear of the building. The building is zoned B2 and is situated at the intersection of Western Avenue and Thomas Place in Lake County (zip code 60045). The property includes full basements and restrooms, providing added convenience and functionality for tenants. This multiple-tenancy building presents a fantastic opportunity for businesses seeking a high-traffic location with excellent visibility and ample parking. The available space is ideal for a variety of retail uses. The property's location in Lake Forest, Illinois offers a strong customer base and a vibrant commercial environment. This is a rare opportunity to secure a prime retail space in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.