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    OFF-MARKET Estimated value $2,440,000
    Industrial properties

    28101 Ballard Dr, Lake Forest, IL 60045-4555

    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US28-0072764
    Property summary
    AI-generated overview

    This exceptional industrial distribution property, located at 28101 Ballard Drive in Lake Forest, Illinois, offers a total of 32,000 square feet across two suites. Currently, 9,915 square feet are available for lease, with a minimum divisible space of 4,950 square feet and a maximum contiguous space of 4,965 square feet. The building features a desirable 15-foot ceiling height, enhancing storage and operational efficiency. Access is convenient with one dock-high door and one drive-in door, ensuring seamless loading and unloading. Ample common parking is provided for tenants. The property boasts a strategic location within an established industrial park, offering easy access to major transportation routes via nearby Route 176 and I-94, streamlining logistics and distribution. The space includes a sprinkler system and three-phase power, catering to a variety of industrial needs. An end-cap unit with small offices is also available, providing additional functional space. The property is situated in Lake County, Illinois, with a zip code of 60045. This prime location and versatile space make it an ideal opportunity for businesses seeking efficient and well-connected industrial facilities.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    APN 11-24-303-004
    UPID US28-0072764
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.44M
    Owner & transaction history
    Flt Ballard Flte LLC · 4 yrs held
    Flt Ballard Flte LLC
    since 2022
    Last sale
    $2.4M
    5 recorded transactions
    2022
    $2.4M
    2018
    2004
    $1.8M
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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