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    OFF-MARKET
    Industrial properties

    27850 Irma Lee Cir 1, Lake Forest, IL 60045-5111

    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US28-2473658
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    by Request
    Owner & transaction history
    Nilc1 LLC · 1 yrs held
    Nilc1 LLC
    since 2025
    7 recorded transactions
    2025
    $425,000
    2014
    2013
    2006
    $500,000
    2006
    2005
    $435,000
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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