Financial
Distress signals
Property profile

840 Waukegan Rd Lake Forest, IL 60045

OFF-MARKET
Office buildings
Property ID
US28-1987153
55,072 SF 2.19 ac lot Built 2007
Last sale Mar 2022 · $19,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Forest Square offers exceptional executive office suites in a prestigious Lake County Class A building. This 53,000 square foot property, constructed in 2007 and extensively renovated in 2023, boasts beautifully appointed suites ranging from 1,421 to 2,736 contiguous square feet, with a total of 4,157 square feet currently vacant. The building features 129 total parking spaces, including 51 underground reserved spots, providing ample convenience for tenants and their clients. Located in Lake…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$117k
Tax billed · 2023
Assessed value$2.36M
Assessed land$338k
Assessed improvement$2.02M
Effective rate4.96%

Value estimate

· Sep 2026
$20.99M
$18.89M – $23.09M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$121/SF
County average, outlier-cleaned · 177 recorded sales of this use type
Observed band · Q1–Q3$61 – $193

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency10.8
Wholesale Shop9.3
Restaurant9.1

Location

840 Waukegan Rd Lake Forest, IL 60045-2608
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 14 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
194 Westminster, Lake Forest, IL 60045-1840 $3,275,000 Feb 2024 9,832 SF
222 Wisconsin Ave, Lake Forest, IL 60045-1735 $2,300,000 Nov 2023 No data
1401 Western, Lake Forest, IL 60045-1256 $900,000 May 2022 9,600 SF
560 Oakwood, Lake Forest, IL 60045-1972 $1,800,000 Jun 2021 11,330 SF
582 Oakwood, Lake Forest, IL 60045-1974 $1,210,000 Mar 2021 7,696 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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