13975 W Polo Trail Drive
Lake Forest, IL, 60045 $ 3,000,000
Bedrooms-- Baths-- Sq 39,019 Monthly Estimate*
$ 18,942
for $3,000,000. This 39,019 square foot building was built in 1995 on a lot size of 1.17.
Exceptional opportunity to acquire a value-add, multi-tenant flex industrial portfolio in the desirable Lake Forest business corridor. This two-building portfolio includes **11 suites plus common areas**, offering a versatile mix of office, flex, and light industrial space with immediate income and significant upside through lease-up. **13975 W. Polo Trail Dr.** * 5 total suites * 2 occupied totaling approximately **10,230 SF** * 3 vacant totaling approximately **8,540 SF** **28045 Ashley Circle** * 6 total suites * 5 occupied (by 3 tenants)totaling approximately **14,955 SF** * 1 vacant totaling approximately **4,094 SF** Sale includes both properties. See broker remarks and offering memorandum for complete portfolio details. The flexible suite layouts accommodate a wide variety of business uses, including light industrial, warehouse/flex, contractor trades (HVAC, plumbing, electrical, etc.), research and development, healthcare and medical practices, professional offices, legal, accounting, mortgage, insurance, engineering, technology, and other commercial users. Current occupancy provides immediate cash flow, while the vacant suites present an outstanding opportunity to increase NOI and overall asset value through strategic leasing. **Several suites are also available for lease, making this an excellent opportunity for businesses seeking high-quality flex or office space in a premier business park.** Ideally located with convenient access to major highways and surrounding business centers, this portfolio is an excellent opportunity for private investors, owner-users, and **1031 exchange buyers** seeking stable in-place income with substantial value-add potential.
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FeaturesGeneralCooling Central Air Central Individual
Zoning COMMR
Construction Materials Brick
Year Built 1995
Electric Service - 101 to 200 Amps
Tenant Pays Air Conditioning Heat Insurance
Stories Count 2
Township Libertyville
Property Subtype Other
Tax Year 2024
Current Use Commercial
Gross Income 99999
Additional Parcels Description 11234010300000 11234010820000 11234010830000 11234010840000 11234010770000 11234010780000
County Lake
Net Operating Income 99999
Operating Expense 100046
Property Type Commercial Sale Industrial
Possible Use Commercial Industrial Legal Non Conforming Office
Status New
Directions From the West: Easy access via IL-176 IL-120 and Waukegan Road. From the South: Conveniently located just minutes west of I-94 (Tri-State Tollway) via Townline Road and Waukegan Road.
City Lake Forest
Number Of Units Total 11
MLS Area Lake Forest
Lot Size Square Feet 50965
Tax Annual Amount 40990.46
Additional Parcels Y/N Y
Leasable Area 6000
Lease Type Gross
Standard Status Active
Cap Rate 6.99
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ExteriorBuilding Area Total 39019
Lot Dimensions 1.17
Lot Size Acres 1.17
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* Excluded FeaturesList Bymelody.mueller@compass.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $18,942
- Monthly Property Taxes
- $3,416
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Lake Forest, IL
Average List Price $3,000,000
Percent of Sale Price 0%
About Lake Forest, IL 19,888 Population
-2% Since 2002
$ 164,533 Median Income
46.48 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/23/2026 | $3,000,000 | | Listed Price |