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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
More about this property
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