840 Waukegan Rd, Lake Forest, IL 60045-2608
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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