Lake Forest, IL Commercial Real Estate for Lease and Sale

Explore 20 listings of Lake Forest commercial real estate to find the best space for your business.

Hospira Corporate Headquarters

275 North Field Drive, Lake Forest, IL
Property

Office

245,000 SF
Availability

4 Spaces

94,338 SF
Year Built

1993
For Lease Contact for pricing
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Forest Square

840 S Waukegan Road, Lake Forest, IL
Property

Office

53,000 SF
Availability

2 Spaces

4,157 SF
Year Built

2007
For Lease

$26.50/SF/YR
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Landmark of Lake Forest I

100 South Saunders Road, Lake Forest, IL
Property

Office

159,901 SF
Availability

6 Spaces

97,196 SF
Year Built

1999
For Lease Contact for pricing
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222 East Wisconsin

222 E. Wisconsin, Lake Forest, IL
Property

Office

22,000 SF
Availability

12 Spaces

5,033 SF
For Lease

$25.00 - $36.50/SF/YR
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Office Coworking Retail Industrial

Office Retail Land
500 North Field Drive

500 North Field Drive, Lake Forest, IL
Property

Office

107,697 SF
Availability

4 Spaces

103,828 SF
Year Built

1993
For Lease Contact for pricing
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Landmark Conway Farms
Regus
100 S. Saunders Road 1st Floor, Lake Forest, IL
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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Lake Forest Corporate Center

600 Lake Rd, Lake Forest, IL
Property

Office

137,498 SF
Year Built

2000
For Sale Contact for pricing
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Two Conway Park

150 North Field Drive, Lake Forest, IL
Property

Office

121,000 SF
Availability

1 Space

13,189 SF
Year Built

1998
For Lease Contact for pricing
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Lake Forest Corporate Center

600 Lake Rd, Lake Forest, IL
Property

Office
Availability

1 Space

81,277 SF
Year Built

2000
For Lease Contact for pricing
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28101 Ballard Drive

28101 Ballard Drive, Lake Forest, IL
Property

Industrial

32,000 SF
Availability

1 Space

4,965 SF
For Lease

$9.00/SF/YR
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188 E Westminster

188 E Westminster, Lake Forest, IL
Property

Retail

18,397 SF
Year Built

1973
For Sale

Subject to Offer
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28457 Ballard Drive

28457 Ballard Drive, Lake Forest, IL
Property

Industrial

69,539 SF
Availability

2 Spaces

13,648 SF
For Lease Contact for pricing
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191 E Deerpath Road

191 E Deerpath Road, Lake Forest, IL
Property

Office

16,428 SF
Availability

2 Spaces

5,675 SF
For Lease Contact for pricing
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1044 N. Western Avenue

1044 N. Western Avenue, Lake Forest, IL
Property

Office

36,872 SF
Availability

2 Spaces

12,126 SF
For Lease

$18.00/SF/YR
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500 Field Drive

500 Field Drive, Lake Forest, IL
Property

Office

103,828 SF
For Sale Contact for pricing
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1339-1363 Western Avenue

1355 N. Western Avenue, Lake Forest, IL
Property

Retail

10,032 SF
Availability

1 Space

1,254 SF
For Lease Contact for pricing
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Market Square

SWC Western Ave & Westminster Ave, Lake Forest, IL
Property

Retail

54,250 SF
Availability

4 Spaces

6,895 SF
For Lease Contact for pricing
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580 North Bank Lane
Enclave
580 North Bank Lane, Lake Forest, IL
Services

Open Workspace

Meeting Room

Private Office
Amenities

Bar

Complimentary coffee & tea

High-speed internet

High-speed wifi

Lockers

Lounge area

Printer

Privacy booths

Professional & social events

Snacks
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One Conway Park

100 N Field Dr Lake Forest 60045 USA, Lake Forest, IL
Property

Office
Availability

1 Space

55,610 SF
Year Built

1989
For Lease Contact for pricing
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Two Conway Park

150 N Field Drive, Lake Forest, IL
Property

Office
Availability

1 Space

56,811 SF
Year Built

1998
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Lake Forest commercial real estate market incorporates 1,003,224 square feet of office space across 13 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Lake Forest commercial real estate market includes 82,679 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Lake Forest market, there is a total of 101,539 square feet of industrial property.

The listing inventory in Lake Forest incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Lake Forest is represented by Office space, which accounts for 529,240 square feet of available listings. Industrial space available in Lake Forest adds up to 18,613 square feet.

Meanwhile, most of the listings of commercial property for sale in Lake Forest are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Lake Forest is $33.16 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Lake Forest can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Lake Forest, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $36.5 per square foot. In particular, the property type commanding the highest lease rates in Lake Forest was Office space.

The average size of a commercial property in Lake Forest depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Lake Forest, the average size of an office property is 100,323 square feet.
Retail properties here incorporate an average of 27,560 square feet.
Industrial space in Lake Forest is in buildings that are, on average 50,770 square feet in size.

Lake Forest, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Lake Forest currently add up to 605,462 square feet. The market offers 11 active office listing(s), which amount to 578,700 square feet and account for 73% of commercial spaces on the market. Local retail availability includes 8,149 square feet across 2 retail space(s). Industrial space for rent opportunities in Lake Forest amount to 18,613 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	11	578,700
Retail	2	8,149
Industrial	2	18,613

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Lake Forest, IL. Currently, there is 259,723 square feet of commercial property for sale here , which includes 2 office building(s) for sale , 1 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	2	241,326
Retail	1	18,397

Lake Forest, IL Commercial Real Estate for Lease and Sale

Hospira Corporate Headquarters

Forest Square

Landmark of Lake Forest I

222 East Wisconsin

What type of listing property are you looking for?

500 North Field Drive

Landmark Conway Farms

Lake Forest Corporate Center

Two Conway Park

Lake Forest Corporate Center

28101 Ballard Drive

188 E Westminster

28457 Ballard Drive

191 E Deerpath Road

1044 N. Western Avenue

500 Field Drive

1339-1363 Western Avenue

Market Square

580 North Bank Lane

One Conway Park

Two Conway Park

Frequently Asked Questions

Lake Forest, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Lake Forest, IL Commercial Real Estate for Lease and Sale

What type of listing property are you looking for?

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Lake Forest, IL?

What factors affect the price of commercial real estate in Lake Forest, IL?

What is the average rent for commercial space in Lake Forest, IL?

What are the best areas for commercial real estate in Lake Forest, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Lake Forest, IL?

Lake Forest, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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