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840 S Waukegan Road - Forest Square - Forest Square, Lake Forest, IL

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840 S Waukegan Road - Forest Square - Forest Square

Lake Forest, IL 60045 - Central North Submarket

Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing Year Built:2007
Building Size:52,977 SF Land Area:2.19 AC (95,396 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Parking:Free Surface spaces are available; Free Covered spaces are available; Ratio of 3.54/1,000 SF

Forest Square is a new retail and office development. The site is easily accessed with a traffic light at Gloucester Crossing. Forest Square is adjacent to the Lake Forest Train Station (Metra) and across the street from Sunset Foods. The property is located at the NWC of Waukegan Road and Settlers Square/Gloucester Crossing in Lake Forest, IL. Underground parking available.

Sale Notes:
Quantum Real Estate Advisors, Inc. ( QREA ) has been retained to exclusively offer for sale Forest Square, a mixed-use retail/office building located at 840 South Waukegan Road in the Chicago suburb of Lake Forest, IL. The building, constructed in 2008, consists of 52,977 leaseable square feet over two floors with retail tenants on the first floor and office tenants on both floors. The building was constructed with institutional quality construction and well-maintained common areas and an internal elevator. The second floor office space is accessed through a foyer with a vaulted ceiling. There is retail surface parking for 123 vehicles and an underground heated parking garage with 51 spots available for lease providing substantial additional rent. The retail suites are leased to a mix of national and local tenants including: Starbucks, Jimmy John' s, Lou Malnati' s, and more. Office tenants include: Green Courte Partners, Edward Jones & Co., Webb Financial Group, Fusion Academy, medical tenants and others.

Quantum Real Estate Advisors, Inc.
Chad M Firsel
(312) 269-0220

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