Property profile

1355 Western Ave Lake Forest, IL 60045

OFF-MARKET
Retail properties & Spaces
10,032 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 10,032 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1355 Western Ave Lake Forest, IL 60045
Lake Forest metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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