Lake Forest, IL Shopping centers for sale

Updated: Jul 8

Two-Story Mixed-Use Retail Office

225 E Deerpath Road, Lake Forest, IL 60045

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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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Updated: Apr 12

Two-Story Mixed-Use Retail Office Center

840 S Waukegan Rd, Lake Forest, IL 60045

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53,557 sqft

Constructed in 2008: Class A, two‑story mixed‑use community center with below‑ground heated parking
Approximately 53,122 RSF plus 435 SF of storage, occupied by 21 retail and office tenants
Currently 89.83% occupied with a 4.11‑year Weighted Average Lease Term (WALT) remaining
Located at 840 S. Waukegan Road, adjacent to the Metra Train Station
Ownership has invested $421,000+ in capital improvements since 2016, including modernized HVAC upgrades and asphalt/concrete replacements

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See what stands out in Lake County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Lake Forest, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 3 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.

Multi-Tenant Retail Center on Milwaukee

701-749 N Milwaukee Ave, Wheeling, IL 60090

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14,061 sqft 1.36 AC lot

92% leased retail center with 265 feet of frontage along North Milwaukee Avenue at a Lake Cook Road intersection.

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Hotel-Front Retail Center

701 N Milwaukee Ave, Wheeling, IL 60090

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1,050 sqft

Shopping center positioned in front of the Westin Hotel with excellent visibility and ample parking.

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Fully Leased Four-Unit Strip Center

1500 S. Lake St., Mundelein, IL 60061

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10,000 sqft

Retail center with multiple occupants, individual Lake Street signage, and parking positioned at the front and rear.

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Service-Tenant Shopping Center

1501-1575 S Lake St, Mundelein, IL 60060

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89,357 sqft

Shopping center with net-lease arrangements and service-oriented national tenants.

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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.

Commercial Land with Road Frontage

20420 N Rand Road, Deer Park, IL 60074

$2,500,000

1.94 AC lot

PUD-zoned commercial land with Rand Road frontage and natural gas availability.

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Commercial Corner Lot

12640 W WADSWORTH Road, Beach Park, IL 60087

$750,000

1.36 AC lot

Fully developed commercial parcel positioned at a high-traffic intersection in Beach Park.

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Commercial Land at Signalized Intersection

40 Acres Randall Road, Elgin, IL 60123

$10,000,000

40.40 AC lot

Large development tract with adjacent sewer and water service near established retail anchors.

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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.

WHOLESALE OUTLET, DISCOUNT STORE

890 Western Ave, Lake Forest, IL 60045-1739

$1,005,000

Estimated value

57,450 sqft 1.08 AC lot

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WHOLESALE OUTLET, DISCOUNT STORE

825 Waukegan Rd, Lake Forest, IL 60045-2696

$5,050,000

Estimated value

43,277 sqft 1.11 AC lot

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WHOLESALE OUTLET, DISCOUNT STORE

850 Western Ave, Lake Forest, IL 60045-1703

$640,000

Estimated value

19,436 sqft 0.68 AC lot

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