Value-Add Retail/Office Building in Heart of Lake Forest
No Longer Available For Sale
950 N. Western Ave.
Lake Forest, IL 60045
29,500 SF
Retail/Office Building
The Details
- 29,500 SF retail/office building
- Close to new Laurel/Western development with 165 residences to be completed in 2018
- Near Jewel and Metra station
- Underground parking available
- Tenants include Westwood Bistro, Loop Juice and medical practices
- Potential to add value through leasing or redevelopment
- Est. 2016 NOI: $200,323
- Pro Forma 2017 NOI: $412,116
- Land Area: 41,198 SF
- Zoning: B2 community commercial
- Taxes (2015): $73,897
Located in downtown Lake Forest, this 29,500 square foot building is a mix of retail and office space. Tenants at this property include the Westwood Bistro, Loop Juice and several doctor’s offices. The building is close to Jewel and the new Laurel/Western development that will add 165 residences to the area. This property has a great deal of potential to add value through leasing or redevelopment.
Westwood Square is located in downtown Lake Forest a short distance from the Metra station. As one of the largest communities in Lake County, this North Shore suburb is a highly desirable location for many businesses from local retailers to Fortune 500 companies.