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850 N Western Avenue

Lake Forest, Illinois 60045


Christine Ashmore
847.334.3218

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$4,500,000


Square Footage
16,309
Christine Ashmore
847.334.3218
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Property Type
Retail Store
Neighborhood
Lake Forest


Single tenant, NNN property, leased to The Fresh Market: a national, upscale grocery chain with 178 stores in 27 states, with annual sales in excess of $1.8B. Property Improvements include +/- 19,241 SF single story, single tenant building on +/- 35,964 SF lot with onsite & street parking. Secured by a long term NNN lease and includes a fee simple interest in the land. The Fresh Market signed a 10 year lease (2010-2020) and has base rental bumps every 5 years during the initial lease term and option periods contained in the lease. Immediate proximity to the Metra commuter rail station & excellent visibility and ingress/egress from Western Ave. and is a short walk to Kelmscott Park, a brand new, 165 unit luxury residential development. Opportunity to acquire a long term net leased property along w/ benefit of substantial residual value in the underlying land. NOI: $260,000. Potential value add opportunity as neighboring retail rents are substantially higher than the subject property.



Full Features
Built: 2009
Parking Spaces: 33
Cooling System: Central Air,Central Individual
Stories: 1
Current Use: Commercial
Potential Use: Commercial
Zoning: RTAIL
# of Drive-In Doors: 1
Building Square Feet: 16,309
Current Net Income: $26,000


Taxes & Assessments
Taxes: $49,709

Listing Office: Sperry Van Ness

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Lake Forest photo


Lake Forest

Neighborhood — Located 30 miles north of Chicago, Lake Forest features some of the finest estates on the North Shore. Rich in history, the community is known for its lakefront setting, natural beauty and wide-open spaces. It offers quiet tree-lined streets,…

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Nearby Public Transportation

Metra
Union Pacific North, Milwaukee District North

at Lake Forest Metra (0.20 miles away)






850 N Western Avenue Lake Forest, Illinois 60045 is a retail store property, currently listed at $4,500,000. Want to learn more about 850 N Western Avenue Lake Forest, Illinois 60045? Contact an @properties agent to request more info.


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