Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Office buildings

    840 Waukegan Rd, Lake Forest, IL 60045-2608

    55,072 SF 2.19 ac lot Built 2007
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US28-1987153
    Property summary
    AI-generated overview

    Forest Square offers exceptional executive office suites in a prestigious Lake County Class A building. This 53,000 square foot property, constructed in 2007 and extensively renovated in 2023, boasts beautifully appointed suites ranging from 1,421 to 2,736 contiguous square feet, with a total of 4,157 square feet currently vacant. The building features 129 total parking spaces, including 51 underground reserved spots, providing ample convenience for tenants and their clients. Located in Lake County, Forest Square enjoys a prime location within walking distance of the Lake Forest Metra station, offering easy access to public transportation. The building's convenient location is further enhanced by its proximity to Northwestern University Hospital's internal medicine location, making it ideal for medical professionals. A wide array of on-site retail amenities caters to tenants' needs, including Starbucks, Everett Farms, The Station, Jimmy Johns, a chiropractor, hair salons, a dry cleaner, and Lou Malnati's Pizzeria. The recently renovated common areas (2023) add to the building's modern and professional atmosphere, making it perfect for medical, professional service, and family office users. Multiple tenancy options are available, providing flexibility for businesses of various sizes.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2007
    Construction FRAME
    Total area 55,072 SF
    Lot 2.19 ac (95,396 SF)
    APN 16-07-200-067
    UPID US28-1987153
    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
    by Request
    Owner & transaction history
    Osment INC · 4 yrs held
    Osment INC
    since 2022
    Last sale
    $19.8M
    7 recorded transactions
    2025
    2022
    $19.8M
    2009
    2008
    2008
    2006
    2006
    $4.6M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 840 Waukegan Rd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message