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Forest Square 840 S Waukegan Rd
1,160 - 3,896 SF of Space Available in Lake Forest, IL 60045
Highlights
- Perfect for medical, professional service and family office users!
- Class A neighborhood center with newly renovated common areas in 2023.
- Features 129 surface parking spaces and 51 underground reserved parking spaces.
- Area tenants include Starbucks, Jimmy John's, Everett Farms Restaurant, Sunset Foods, North Shore Hospital Internal Medicine.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 103 | 1,160 SF | Negotiable | $45.00 /SF/YR $3.75 /SF/MO $52,200 /YR $4,350 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 222 | 2,736 SF | Negotiable | $26.00 /SF/YR $2.17 /SF/MO $71,136 /YR $5,928 /MO | Triple Net (NNN) |
1st Floor, Ste 103
Storefront Retail Space in fully occupied Neighborhood Center (inline)
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Private Restrooms
- After Hours HVAC Available
- Display Window
2nd Floor, Ste 222
Perfect for medical, professional service, and family office users, featuring a modern design with construction completed in 2007. It encompasses both retail and office spaces, making it a versatile option for various business needs. The facility offers ample parking with 129 surface parking spaces and 51 underground reserved parking spaces, ensuring convenience for both clients and employees. Additionally, a common area renovation was completed in 2023, enhancing the overall aesthetic and functionality of the space.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Fits 7 - 22 People
- 4 Private Offices
- 1 Conference Room
- 8 Workstations
- Space is in Excellent Condition
- Central Air and Heating
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Forest Square
- Starbucks Coffee Company
PROPERTY FACTS FOR 840 S Waukegan Rd , Lake Forest, IL 60045
About the Property
Welcome to Forest Square, a premier retail and office destination situated in the heart of Lake Forest, IL. This dynamic development, completed in 2007, offers 53,000 square feet of modern commercial space in a B1-zoned area, catering to a diverse range of businesses within the vibrant Chicago market. Strategically positioned at the northwest corner of Waukegan Road and Settlers Square/Gloucester Crossing, Forest Square provides high visibility and accessibility, thanks to a nearby traffic light at Gloucester Crossing. It’s just steps from the Lake Forest Train Station (Metra) and directly across the street from the popular Sunset Foods, making it convenient for both tenants and visitors alike. In addition, Forest Square offers the luxury of underground parking, a rare amenity in the area, ensuring ease of access for employees and customers. Whether you're a retailer seeking a bustling environment or a business professional looking for a prestigious office location, Forest Square is the perfect space to grow and thrive.
- Commuter Rail
- Restaurant
- Signage
- Accent Lighting
- Monument Signage
DEMOGRAPHICS
Demographics
Nearby Major Retailers
Presented by
Forest Square | 840 S Waukegan Rd
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