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    Property profile & analytics

    140 Morris Ln Lake Forest, IL 60045-1390

    • Retail space
    • 68,100 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 19, 2020
    Location Intelligence
    Property ID
    US28-4941018
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 140 Morris Ln

    Year built
    2018
    Construction
    BRICK
    Lot size
    1.28 lot acres
    Property size
    68,100 SF
    Property type
    Retail space
    APN
    12-28-301-032
    APU
    1228301032

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Lake
    State
    Illinois
    Longitude
    -87.8435
    Latitude
    42.261
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $308,523
    $611,310
    $4,524,732
    $5,136,042
    -
    $1,834,113
    $13,575,553
    $15,409,666

    Comparable in this City

    • Value Estimation by Request
      51,564 SF

      500 Western Ave

      RETAIL STORES (PERSONAL SERVICES) • 51,564 SF
      500 Western Ave, Lake Forest, IL 60045-1954
      View Details
    • Value Estimation
      $520,000
      3,432 SF

      104 Washington Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,432 SF
      104 Washington Rd, Lake Forest, IL 60045-2498
      View Details
    • Value Estimation by Request
      5,925 SF

      720 Western Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,925 SF
      720 Western Ave, Lake Forest, IL 60045-1820
      View Details
    • Value Estimation
      $2,660,000
      5,709 SF

      724 Western Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,709 SF
      724 Western Ave, Lake Forest, IL 60045-1820
      View Details
    • Value Estimation
      $385,000
      2,730 SF

      231 Wisconsin Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,730 SF
      231 Wisconsin Ave, Lake Forest, IL 60045-1706
      View Details
    • Value Estimation
      $475,000
      11,160 SF

      834 Western Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,160 SF
      834 Western Ave, Lake Forest, IL 60045
      View Details

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    140 Morris Ln
    Lake Forest, IL 60045-1390
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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