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1400 North Western Ave

5,164 SF 100% Leased Office Building Lake Forest, IL 60045 $2,500,000 ($484/SF) 6.60% Cap Rate

Investment Highlights

  • Prime location on North Western Avenue in the heart of Lake Forest, offering excellent visibility and accessibility.
  • Situated in a vibrant area surrounded by upscale dining, shopping, and residential communities.
  • Elegant property with high-end finishes, large windows, and versatile spaces suitable for retail, office, or medical use.

Executive Summary

Exceptional opportunity to acquire a prime property at 1400 North Western Ave, Lake Forest, IL, in a prestigious location with strong growth potential and versatile use options.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,164 SF
Building Class
C
Year Built/Renovated
1975/2020
Price
$2,500,000
Price Per SF
$484
Cap Rate
6.60%
NOI
$165,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,164 SF
Building FAR
0.24
Lot Size
0.50 AC
Zoning
Commercial
Parking
43 Spaces (8.33 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Forest North Dental
  • -
  • 900 SF
  • -
  • -
  • -
  • 900 SF
  • -
  • -

At Goshgarian Orthodontics, we pride ourselves on providing excellent patient care. We go above and beyond to ensure that the families we treat have the best possible orthodontic experience. Each one of our team members loves their jobs and will go the extra mile for every patient. Getting to know you and meeting your individual orthodontic needs are our foremost concerns. Every patient receives a complimentary and comprehensive explanation of treatment needs during their first visit with Dr. Goshgarian, who will personally discuss his findings with you. Our hand-picked staff is glad to serve you and is committed to providing the best possible care for your family. We are involved in continuing education classes so that we can better serve you. Our team works in harmony to make sure your orthodontic experience is outstanding. The success of our practice is enveloped around our patients’ happiness. Dr. Goshgarian and our team work hand-in-hand with your general dentist and other oral

  • R. Tracy Durrett, D.D.S., PC
  • -
  • -
  • -
  • -
  • Richard G Gshgrn Law Offices
  • -
  • 450 SF
  • -
  • -
  • Robert E Law PC
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Forest North Dental - 900 SF - -
- 900 SF - -
R. Tracy Durrett, D.D.S., PC - - - -
Richard G Gshgrn Law Offices - 450 SF - -
Robert E Law PC - - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-28-107-022
Land Assessment
$203,216
Improvements Assessment
$130,690
Total Assessment
$333,906
  • Listing ID: 30294002

  • Date on Market: 1/13/2023

  • Last Updated:

  • Address: 1400 North Western Ave, Lake Forest, IL 60045

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