Forest Square: 840 S. Waukegan Road - Lake Forest IL

Listing was updated at: 07/12/2020
Property Overview
Price/Rent PSF $ 19,850,000.00
Asset Type Mixed use
Trade Type Sale
SQ. FT. Available 52,977
Date Available 11/20/2017
Parking 178
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Forest Square is a once in a generation opportunity to acquire a unique retail and office destination on Chicago's North Shore. Jameson Commercial is honored to have been retained by the owner to sell the 100% fee simple interest in Forest Square, a Class A retail anchored town center located in West Lake Forest on Chicago's affluent North Shore. The asset offers the following attributes: Trophy Quality Asset- Forest Square is an unrivaled asset that serves as the cornerstone neighborhood center in West Lake Forest. Established Tenant Base- The Center is anchored by a dynamic mix of Tenants, including Starbucks, Jimmy John's, Lou Malnati's, Tips 2 Toes, Forest Cleaners, Deka Lash, LoMastro Performing Arts, and Fusion Learning Academy. Unrivaled Demographic Profile- Forest Square caters to one of the strongest demographic profiles in the U.S. Within a 1 mile radius there are 970 households with an average HH income of $338,000. Community Fixture- Forest Square has remained a community fixture since its construction in 2008, and enjoys high barriers to entry. There is no existing land available for future development of similar size around it. Jameson Commercial Real Estate is honored with the opportunity to exclusively market this Class A asset. • Land size: 2.31 acres • 127 surface parking spaces • 51 covered parking spaces • Zoning: B1 • Adjacent to Metra station • Assumable Loan • 89.4% leased • Real Estate Taxes: $91,841 (2016) • 18,600 VPD on Waukegan Road