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    Lake Forest, IL Retail Properties & Spaces for Sale

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    Lake Bluff, IL Highland Park, IL Highwood, IL Libertyville, IL North Chicago, IL Bannockburn, IL Lincolnshire, IL Green Oaks, IL
    Two-Story Mixed-Use Retail Office
    Updated: Jul 8
    Two-Story Mixed-Use Retail Office

    225 E Deerpath Road, Lake Forest, IL 60045

    Contact for pricing
    47,863 sqft
    Deerpath Plaza: 47,863 SF, two‑story mixed‑use retail and office building
    Street‑corner location at Deerpath Road and Oakwood Avenue in downtown Lake Forest
    In‑place NOI of approximately $592,000 at 74% occupancy
    Diversified tenant mix including retail, medical, wellness, service, and professional office users
    Built in 1988
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    Retail Investment Property with 5% Cap
    Updated: Jun 29
    Retail Investment Property with 5% Cap

    990 S. Waukegan Rd., Lake Forest, IL 60045

    Contact for pricing
    12,046 sqft
    Retail property built in 2002
    12,046 SF retail building
    Stated 5.00% cap rate
    View details
    Two-Story Mixed-Use Retail Office Center
    Two-Story Mixed-Use Retail Office Center

    840 S Waukegan Rd, Lake Forest, IL 60045

    Contact for pricing
    53,557 sqft

    Forest Square is a two-story mixed-use community center with below-ground heated parking and space for retail and office tenants.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Lake Forest, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Retail Space in Vernon Hills
    Retail Space in Vernon Hills

    850 N Milwaukee Avenue |, Vernon Hills, IL 60061

    Contact for pricing
    13,885 sqft

    Multi-tenant outlot building with high visibility and redevelopment potential.

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    Retail Space with Measurable Footprint
    Retail Space with Measurable Footprint

    2587 Waukegan Rd, Bannockburn, IL 60015

    Contact for pricing
    3,905 sqft

    Retail property offered for sale with 3,905 SF of space.

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    Staples Retail NNN Property
    Staples Retail NNN Property

    1600 N Milwaukee Ave, Vernon Hills, IL 60061

    Contact for pricing
    19,150 sqft

    Fee-simple retail NNN asset with Staples on an NN lease and about 13.6 years of primary term remaining.

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    Freestanding Drive-Through Bank Ground Lease
    Freestanding Drive-Through Bank Ground Lease

    2595 Waukegan Rd, Bannockburn, IL 60015

    Contact for pricing

    Absolute NNN, corporate-guaranteed ground lease featuring a 3-lane drive-thru PNC Bank facility.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Downtown Libertyville Lot
    Prime Downtown Libertyville Lot

    121 West Church Street, Libertyville, IL 60048

    Contact for pricing

    Rare opportunity to own a lot in downtown Libertyville.

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    Commercial Land for Development
    Commercial Land for Development

    427 E Il Route 83, Mundelein, IL 60060

    $349,900
    1.00 AC lot

    Commercial development land with existing sewer infrastructure and flexible options for sale or land lease.

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    Mundelein, IL Commercial Land
    Mundelein, IL Commercial Land

    331 Plaza Circle lot: 4, Mundelein, IL 60060

    $286,000
    0.43 AC lot

    Commercial land available in Mundelein, Illinois.

    View details
    Land Available Near I-94
    Land Available Near I-94

    601 Lakehurst Road, Waukegan, IL 60085

    $999,500

    Land for sale near I-94 and Belvidere Rd Exit.

    View details

    Off-Market Properties in Lake Forest, IL

    Consider similar Off-Market properties in Lake Forest, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    293 Deerpath
    RETAIL STORES (PERSONAL SERVICES)

    293 Deerpath, Lake Forest, IL 60045-5309

    $540,000
    Estimated value
    14,722 sqft 0.19 AC lot
    View details
    225 Deerpath
    RETAIL STORES (PERSONAL SERVICES)

    225 Deerpath, Lake Forest, IL 60045-1952

    $6,065,000
    Estimated value
    85,494 sqft 0.48 AC lot
    View details
    188 Westminster
    RETAIL STORES (PERSONAL SERVICES)

    188 Westminster, Lake Forest, IL 60045-1840

    $3,275,000
    Estimated value
    18,397 sqft 0.26 AC lot
    View details
    246 Deerpath
    RETAIL STORES (PERSONAL SERVICES)

    246 Deerpath, Lake Forest, IL 60045-1939

    $390,000
    Estimated value
    7,700 sqft 0.16 AC lot
    View details
    1005 Mckinley Rd
    RETAIL STORES (PERSONAL SERVICES)

    1005 Mckinley Rd, Lake Forest, IL 60045-1731

    $245,000
    Estimated value
    3,384 sqft 0.17 AC lot
    View details
    202 Wisconsin Ave
    RETAIL STORES (PERSONAL SERVICES)

    202 Wisconsin Ave, Lake Forest, IL 60045-1706

    $330,000
    Estimated value
    4,084 sqft 0.16 AC lot
    View details
    104 Washington Rd
    RETAIL STORES (PERSONAL SERVICES)

    104 Washington Rd, Lake Forest, IL 60045-2498

    $530,000
    Estimated value
    3,432 sqft 0.16 AC lot
    View details
    197 Westminster
    RETAIL STORES (PERSONAL SERVICES)

    197 Westminster, Lake Forest, IL 60045-1801

    $940,000
    Estimated value
    8,800 sqft 0.12 AC lot
    View details
    1407 Western Ave
    PARKING GARAGE, PARKING STRUCTURE

    1407 Western Ave, Lake Forest, IL 60045-1228

    $1,010,000
    Estimated value
    8,806 sqft 0.25 AC lot
    View details
    890 Western Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    890 Western Ave, Lake Forest, IL 60045-1739

    $1,005,000
    Estimated value
    57,450 sqft 1.08 AC lot
    View details
    824 Western Ave
    FINANCIAL BUILDING

    824 Western Ave, Lake Forest, IL 60045-1703

    $865,000
    Estimated value
    10,000 sqft 0.38 AC lot
    View details
    866 Western Ave
    RETAIL STORES (PERSONAL SERVICES)

    866 Western Ave, Lake Forest, IL 60045-1703

    $985,000
    Estimated value
    3,992 sqft 0.21 AC lot
    View details
    655 Frst Ave
    RESTAURANT

    655 Frst Ave, Lake Forest, IL 60045-1819

    $3,190,000
    Estimated value
    14,787 sqft 0.23 AC lot
    View details
    145 Morris Ln
    RETAIL STORES (PERSONAL SERVICES)

    145 Morris Ln, Lake Forest, IL 60045-1388

    $15,720,000
    Estimated value
    78,088 sqft 2.88 AC lot
    View details
    140 Morris Ln
    RETAIL STORES (PERSONAL SERVICES)

    140 Morris Ln, Lake Forest, IL 60045-1390

    $7,945,000
    Estimated value
    68,100 sqft 1.28 AC lot
    View details
    950 Western Ave
    RETAIL STORES (PERSONAL SERVICES)

    950 Western Ave, Lake Forest, IL 60045-1742

    $815,000
    Estimated value
    66,279 sqft 0.91 AC lot
    View details
    193 Deerpath
    CONVENIENCE STORE

    193 Deerpath, Lake Forest, IL 60045-1911

    $400,000
    Estimated value
    1,800 sqft 0.24 AC lot
    View details
    596 Western Ave
    RETAIL STORES (PERSONAL SERVICES)

    596 Western Ave, Lake Forest, IL 60045

    $295,000
    Estimated value
    5,190 sqft 0.05 AC lot
    View details
    1085 Conway Rd
    RETAIL STORES (PERSONAL SERVICES)

    1085 Conway Rd, Lake Forest, IL 60045

    $2,950,000
    Estimated value
    28,565 sqft 1.81 AC lot
    View details
    291 Illinois Rd
    RETAIL STORES (PERSONAL SERVICES)

    291 Illinois Rd, Lake Forest, IL 60045-1992

    $390,000
    Estimated value
    6,921 sqft 0.15 AC lot
    View details
    224 Westminster
    RETAIL STORES (PERSONAL SERVICES)

    224 Westminster, Lake Forest, IL 60045-1840

    $510,000
    Estimated value
    12,600 sqft 0.25 AC lot
    View details

    Lake Forest, IL Retail Properties & Spaces Market Trends and Statistics

    Explore 72 retail properties & spaces for sale in Lake Forest, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 113,466 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 3
    Banks 1
    Storefront properties 1

    Demographics Overview

    Population 21K
    Population Growth (5Y) -0.8%
    Median Household Income $225,551

    Taxes & Financing

    Tax Rate (average for all types) 6.70%
    Property Tax per SF $18.26 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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