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    Property profile & analytics

    222 Wisconsin Ave Lake Forest, IL 60045-1735

    • Office buildings
    • 27,176 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimation
    $2,610,000
    Last Sale
    Nov 22, 2023
    $2,300,000
    Location Intelligence
    Property ID
    US28-2398560
    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

    • Office buildings

    Property Details for 222 Wisconsin Ave

    Year built
    1964
    Construction
    BRICK
    Lot size
    0.79 lot acres
    Property size
    27,176 SF
    Property type
    Office buildings
    APN
    12-28-313-035
    APU
    1228313035

    Description

    This exceptional Lake Forest, Illinois commercial property, located at 222 E Wisconsin Ave (Wisconsin Avenue / Western Avenue), offers 12 available executive office suites within a 22,000 square foot Class B building. The property is zoned B-3 and situated in Lake County (zip code 60045). Suites range from a minimum of 226 square feet to a maximum contiguous space of 960 square feet, with a total of 5,362 square feet currently vacant. The building is multi-tenant, providing a diverse and collaborative environment. The property is ideal for businesses seeking flexible and efficient office space in a prime Lake Forest location. This retail and office space offers a convenient and accessible location for clients and employees alike. The lease terms are gross leases, meaning real estate taxes and common area maintenance (CAM) charges are included in the rent, simplifying budgeting and financial planning. The property's convenient location and all-inclusive lease structure make it an attractive option for businesses of all sizes. Inquire today to learn more about the available spaces and lease options.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,700,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,140,000
      6.5%
      $2,065,000
      7%
      $2,190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,075,000
      Geo Method
      $2,380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,560,000
      Retail
      $2,660,000
      Mixed-Use
      $2,785,000
      Hospitality
      $2,280,000
      Educational
      $2,360,000
      Residential Income
      $2,790,000
      Energy
      $2,545,000
      Income-Based Land
      $2,350,000
      Food Service
      $2,430,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Lake
    State
    Illinois
    Longitude
    -87.8417
    Latitude
    42.2545
    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
    $31,375
    $385,100
    $165,521
    $550,621
    -
    $1,155,416
    $496,613
    $1,652,029

    Comparable in this City

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    • Value Estimation by Request
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      915 Waukegan Rd

      OFFICE BUILDING • 17,342 SF
      915 Waukegan Rd, Lake Forest, IL 60045-2654
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    • Value Estimation
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      18,495 SF

      1044 Western Ave

      OFFICE BUILDING • 18,495 SF
      1044 Western Ave, Lake Forest, IL 60045-1282
      View Details
    • Value Estimation
      $360,000
      1,664 SF

      300 Grn Bay Rd

      OFFICE BUILDING • 1,664 SF
      300 Grn Bay Rd, Lake Forest, IL 60045-2154
      View Details
    • Value Estimation
      $315,000
      1,392 SF

      181 Westminster

      OFFICE BUILDING • 1,392 SF
      181 Westminster, Lake Forest, IL 60045-1835
      View Details

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    222 Wisconsin Ave
    Lake Forest, IL 60045-1735
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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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