Property profile

248 MARKET SQ Lake Forest, IL 60045

OFF-MARKET
Retail Stores
Property ID
US28-2357721
44,550 SF 0.5 ac lot Built 1920
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Property summary

AI-generated overview

This retail property contains approximately 2,462 square feet and is located in Market Square within the Chicago MSA. The space is positioned across the street from the Lake Forest Metra station and is situated within a shopping center that includes a mix of soft-goods retail, services, and restaurant uses. The center provides parking with more than 300 spaces, and the property sits within a retail development characterized by distinctive architecture. The Lake Forest Metra station serves significant commuter ridership, supporting walk-up access from the adjacent transit area.

Property profile

Verified
Property type Retail Stores
Year built 1920
Total area 44,550 SF
Lot 0.5 ac (21,606 SF)
APN 12-33-114-002
UPID US28-2357721

Cap rate & NOI

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

Location

248 MARKET SQ Lake Forest, IL 60045
Lake Forest metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2013
Last sale
$7.2M
1 recorded transaction
2013
$7.2M
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