Property profile

133 Laurel Ave Lake Forest, IL 60045

OFF-MARKET
Office buildings
Property ID
US28-1810803
6,492 SF 0.14 ac lot Built 1990
Individually Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story office building, constructed in 1993, offers a fantastic opportunity to lease a beautifully appointed first-floor space. Located in a tranquil neighborhood, this property boasts convenient proximity to downtown Lake Forest and the train station, ensuring easy access for both employees and clients. The available space totals 650 square feet, perfect for a small business or satellite office. The entire building comprises 3,400 square feet, currently featuring multiple tenants. The building sits on a 0.3-acre lot and includes two parking spaces for added convenience. The building is equipped with an elevator, enhancing accessibility. Large windows throughout the available space provide ample natural light and pleasant views of the surrounding area. The quiet neighborhood offers a peaceful work environment, while the central location provides easy access to all that downtown Lake Forest has to offer. The 600 square feet of vacant space presents a unique opportunity to customize the space to meet your specific business needs. This is an ideal location for businesses seeking a professional and convenient office space in a desirable Lake Forest setting. Don't miss this chance to secure a prime location in a well-maintained building.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Construction BRICK
Total area 6,492 SF
Lot 0.14 ac (5,998 SF)
APN 12-28-307-008
UPID US28-1810803

Cap rate & NOI

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

Location

133 Laurel Ave Lake Forest, IL 60045-1326
Lake Forest metro Census 863500 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2015
3 recorded transactions
2021
Price N/A
2015
$850,000
1969
Price N/A

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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