13975 Polo Trail Dr Lake Forest, IL 60045
- Commercial real estate
- 1.17 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 13975 Polo Trail Dr
- Lot size
- 1.17 lot acres
- Property type
- Commercial real estate
- APN
- 11-25-101-027
- APU
- 1125101027
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Forest
- County
- Lake
- State
- Illinois
- Longitude
- -87.9049
- Latitude
- 42.2676
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
