Retail

Lake Forest, IL Retail Properties & Spaces for Lease

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Lake Forest Retail/Office Space
Updated: Nov 21, 2025
Lake Forest Retail/Office Space

225 E Deerpath Road, Lake Forest, IL 60045

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47,863 sqft
Located in downtown Lake Forest, one of the top 50 wealthiest cities in the U.S.
Class A retail/office building offering flexible space options: up to 2,300 SF ground floor retail and 1,250 - 4,300 SF second floor office space.
Excellent accessibility: close to the Lake Forest Metra Station and U.S. Route 41.
Features desirable amenities: atrium, elevator, underground parking (62 spaces), and signage fronting Deerpath Road.
Surrounded by a strong mix of national and local retailers.
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Renovated Retail/Office Space Available
Updated: Mar 7
Renovated Retail/Office Space Available

820 S Waukegan Rd, Lake Forest, IL 60045

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Walking distance from the Lake Forest Metra Station
Newly renovated common areas (2023)
High visibility location
Nearby tenants include Lou Malnati's
Nearby tenants include Starbucks
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Storefront Retail Space For Rent
Storefront Retail Space For Rent

840 S Waukegan Rd, Lake Forest, IL

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1,218 sqft

1,218 RSF storefront retail with high visibility.

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Downtown Lake Forest Retail/Office Space
Downtown Lake Forest Retail/Office Space

225 E Deerpath Rd, Lake Forest, IL

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1,809 sqft

Class A retail/office space in affluent Lake Forest, Illinois.

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Prime Retail Space in Lake Forest
Prime Retail Space in Lake Forest

248 Market Sq, Lake Forest, IL

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2,462 sqft

Retail space in a high-traffic shopping center near Metra.

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Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 5 Active listings in Lake Forest, IL, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 2 Properties for Sales.

Retail properties & Spaces for Lease in Nearby Cities

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

Former Bank Building in Bannockburn
Former Bank Building in Bannockburn

2595 Waukegan Road, Bannockburn, IL 60015

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3,000 sqft

Freestanding building suitable for retail, medical, or office use.

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Grocery Anchored Retail Space Available
Grocery Anchored Retail Space Available

2501-2585 Waukegan Rd, Bannockburn, IL 60015

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160,114 sqft

Retail spaces for lease in affluent Bannockburn near major transportation.

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Retail Space in Highland Park
Retail Space in Highland Park

2060-2090 Skokie Valley Rd, Highland Park, IL

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2,216 sqft

Retail space for lease with high visibility and access.

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Retail Space with High Visibility
Retail Space with High Visibility

2060 Skokie Valley Rd, Highland Park, IL 60035

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Retail space with high traffic and income demographics.

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Similar Spaces for Sale in Lake Forest, IL

Consider Similar Space for Sale. We found 2 Spaces matching your search parameters.

Libertyville Office/Flex Portfolio For Sale
Libertyville Office/Flex Portfolio For Sale

13975 W Polo Trail Dr, Lake Forest, IL 60045

$3,900,000
65,836 sqft

18-property office/flex portfolio in Libertyville's commercial corridor.

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Lake Forest Retail Investment Opportunity
Lake Forest Retail Investment Opportunity

884 S Waukegan Rd, Lake Forest, IL

$6,368,420
3,600 sqft · 0.74 AC lot

Chase Bank retail property in affluent Lake Forest, Illinois.

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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.

Vacant Lot on N Mohawk
Vacant Lot on N Mohawk

1301 N Mohawk St, Chicago, IL 60610

Contact for pricing
2,402 sqft

Vacant lot available for lease in Chicago, IL.

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Prime Land Near Transportation Hub
Prime Land Near Transportation Hub

4101 S State St, Chicago, IL 60609

$3 SF/Yr
40,963 sqft · $11,947/Mo

Commercial land available for lease near public transportation.

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Kingery Highway Commercial Development Opportunity
Kingery Highway Commercial Development Opportunity

8501 & 8511 Kingery Highway, Willowbrook, IL 60527

$85,000 SF/Yr

High-visibility land for retail, car wash, or medical development.

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Asphalt Lot with Night Lighting
Asphalt Lot with Night Lighting

4810 173rd St, Country Club Hills, IL 60478

$48,000 SF/Yr

Commercial lot with lighting and easy highway access for rent.

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

Explore Retail properties & Spaces leasing options in Lake Forest, IL with 5 listings featured on our commercial real estate exchange. The current inventory includes 53,352 square feet of properties with an estimated lease value of $0.00 SF/Yr.

Estimated lease rates for Retail properties & Spaces in Lake Forest, IL begin at $0.00 SF/Yr, with an average of $0.00 SF/Yr and extend to $0.00 SF/Yr.
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