Lake Forest, IL Shopping centers for Rent & Lease

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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Updated: May 17, 2024

Prime Retail Space in Lake Forest

248 Market Sq, Lake Forest, IL

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2,462 sqft

Highest average per square foot sales in Chicago MSA at $800.
Located in a top suburban downtown market.
Across the street from the Lake Forest Metra station (7 million annual ridership).
Diverse tenant mix of soft goods, service, and restaurants.
Unique and striking architecture.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Lake Forest, IL, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities

Shopping centers for Lease in Nearby Cities

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

Retail Space in Vernon Hills

325 North Milwaukee Avenue, Vernon Hills, IL 60061

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8,000 sqft

Retail space with high traffic and excellent visibility.

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Grocery-Anchored Retail Space Available

1408-1440 S Milwaukee Ave, Libertyville, IL

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1,200 sqft

Retail space for lease in Libertyville, anchored by Jewel-Osco.

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Mixed-Use Retail and Residential Destination

913 N Milwaukee Ave, Vernon Hills, IL

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3,520 sqft

Open-air shopping, dining, and luxury apartments near I-94.

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Grocery Anchored Retail Space

1300-1440 S Milwaukee Ave, Libertyville, IL 60048

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Retail space available in Libertyville, anchored by Jewel-Osco.

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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.

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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Commercial Land in Retail Hub

Southgate Road, Cambridge, OH 43725

$5,000/Mo

2.67-acre commercial lot in high-traffic area, Cambridge, OH.

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Ellijay, GA Commercial Land

12.86AC Highlands Hill Drive, Ellijay, GA 30540

$17,424/Mo

12.86 acres of commercial land for lease in Ellijay.

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Development-Ready Site in Moore, SC

5831 Reidville Road, Moore, SC 29369

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11.26-acre commercial site in a high-growth area.

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Lake Forest, IL Shopping centers Market Trends and Statistics

Explore Shopping centers leasing options in Lake Forest, IL with 2 listings featured on our commercial real estate exchange. The current inventory includes 50,325 square feet of properties with an estimated lease value of $0.00 SF/Yr.

Estimated lease rates for Shopping centers 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.