Lake Forest IL Real Estate & Commercial for Sale

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Beds:
n/a
Baths:
Sq.Ft.:
39,019
Status:
Active
MLS#:
12709751
Type:
Other
Lot size:
1.17 Acres
Year built:
1995
A broker reciprocity listing Courtesy: Compass 847-306-6158
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ADDITIONAL INFORMATION

Exceptional opportunity to acquire a value-add, multi-tenant flex industrial portfolio in the desirable Lake Forest business corridor. This two-building portfolio includes 11 suites plus common areas, offering a versatile mix of office, flex, and light industrial space with immediate income and significant upside through lease-up. 13975 W. Polo Trail Dr. 5 total suites, 2 occupied totaling approximately, 10,230 SF, 3 vacant totaling approximately, 8,540 SF, 28045 Ashley Circle, 6 total suites, 5 occupied (by 3 tenants)totaling approximately, 14,955 SF, 1 vacant totaling approximately, 4,094 SF Sale includes both properties. See broker remarks and offering memorandum for complete portfolio details. The flexible suite layouts accommodate a wide variety of business uses, including light industrial, warehouse/flex, contractor trades (HVAC, plumbing, electrical, etc.), research and development, healthcare and medical practices, professional offices, legal, accounting, mortgage, insurance, engineering, technology, and other commercial users. Current occupancy provides immediate cash flow, while the vacant suites present an outstanding opportunity to increase NOI and overall asset value through strategic leasing. Several suites are also available for lease, making this an excellent opportunity for businesses seeking high-quality flex or office space in a premier business park.Ideally located with convenient access to major highways and surrounding business centers, this portfolio is an excellent opportunity for private investors, owner-users, and 1031 exchange buyers seeking stable in-place income with substantial value-add potential.

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Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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Lake Forest Real Estate

Lake Forest is located in Illinois. Lake Forest, Illinois has a population of 19,450. Lake Forest is less family-centric than the surrounding county with 34.87% of the households containing married families with children. The county average for households married with children is 36.27%.

The median household income in Lake Forest, Illinois is $194,267. The median household income for the surrounding county is $97,127 compared to the national median of $69,021. The median age of people living in Lake Forest is 46.4 years.

Lake Forest Weather

The average high temperature in July is 82.4 degrees, with an average low temperature in January of 15.9 degrees. The average rainfall is approximately 35.4 inches per year, with 38 inches of snow per year.

Lake Forest Map

Lake Forest Real Estate Market Conditions

  • Median sales price

    $1,575,000
    14.5%
    change since last quarter
  • # Active listings

    133
    30-day change

Lake Forest Schools and Demographics

Education near Lake Forest, IL

City County
High School Graduates 99.1 90.81
College Degree - 2 year 3.03 6.49
College Degree - 4 year 80.98 46.32
Graduate Degree 25.38 14.09
Expenditures per Student 24,440 24,440
Students per Teacher 13.6 13.6

Elementary Schools near Lake Forest, IL

Grades Students P/T Ratio ZIP
Bannockburn School KG - 08 188 9.8 60015
Cherokee Elementary School KG - 04 328 11.3 60045
Everett Elementary School KG - 04 311 12.2 60045
Half Day School 03 - 04 344 12.6 60069
Kipling Elementary School KG - 05 488 14.1 60015
Lake Bluff Elementary School KG - 05 550 12.4 60044
Laura B Sprague School PK - 02 516 12.4 60069
Oak Terrace Elementary School KG - 05 545 11.9 60040
Rondout Elementary School KG - 08 144 8.4 60045
Sheridan Elementary School KG - 04 246 10.4 60045
South Park Elementary School PK - 05 462 11.7 60015
Walden Elementary School KG - 05 439 13.4 60015
Wilmot Elementary School KG - 05 534 14 60015

Middle Schools near Lake Forest, IL

Grades Students P/T Ratio ZIP
Alan B Shepard Middle School 06 - 08 536 11.5 60015
Charles J Caruso Middle School 06 - 08 556 9.9 60015
Daniel Wright Junior High School 05 - 08 785 12.6 60069
Deer Path Middle School East 05 - 06 458 11.6 60045
Deer Path Middle School West 07 - 08 522 12.8 60045
Lake Bluff Middle School 06 - 08 307 9.9 60044

High Schools near Lake Forest, IL

Grades Students P/T Ratio ZIP
Adlai E Stevenson High School 09 - 12 3,839 14.1 60069
Deerfield High School 09 - 12 1,606 14 60015
Lake Forest High School 09 - 12 1,674 13.9 60045

Demographics near Lake Forest, IL

City County
Neighborhood Type Suburban
Population 19,450 714,484
Population Density 1,131 1,609
Median Age 46.4 38.5
People per Household 2.6 2.8
Median Household Income 194,267 97,127
Average Income per Capita 99,558 49,440

Real estate near Lake Forest