Property profile

27850 Irma Lee Cir 1 Lake Forest, IL 60045

OFF-MARKET
Industrial properties
Property ID
US28-2473658
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,473-square-foot flex/warehouse space, located at 27850 Irma Lee Cir, Libertyville, IL 60048 (Lake Forest mailing address), presents a unique owner-user opportunity. Situated within the Polo Park Business Center, this two-story building boasts a nearly new condition. The upper level features a private entrance, restroom, kitchenette, and a beautifully finished office space with three bay windows. The ground floor offers a spacious warehouse area with 18-foot clear ceilings and a 10' x 14' overhead door. This level also includes a reception area, conference room, two private offices, a kitchenette, and two restrooms. Constructed of masonry and steel, the building is fully sprinklered. The property sits on a 1.22-acre lot and is zoned for industrial use. The asking price is $450,000, translating to $100.60 per square foot. Built in 2006, this Class B property offers a single unit with multi-tenancy potential. The APN is 1125101076.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
APN 11-25-101-076
UPID US28-2473658

Cap rate & NOI

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

Location

27850 Irma Lee Cir, Unit 1 Lake Forest, IL 60045-5111
Lake Forest metro Census 866200 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$455k

Owner & transaction history

since 2025
7 recorded transactions
2025
$425,000
2014
Price N/A
2013
Price N/A
2006
$500,000
2006
Price N/A
2005
$435,000
2005
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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