Woodard Properties LLC Acquires Mixed-Use Property In Lake Forest, IL For $19.75M

An impressive mixed-use property located at 840 S. Waukegan Road in Lake Forest, IL recently changed hands in a closed transaction. The property, which features a combination of residential and commercial spaces, was sold for a significant amount.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $19,750,000
• Address: 840 S. Waukegan Road, Lake Forest, IL
• Market: Lake Forest, IL
• Image: Stephen Lieberman
• Date: 02/18/2022

The buyer of this remarkable property is Woodard Properties LLC, while GCP Forest Square LLC acted as the seller. Representing the seller in this transaction was Stephen Lieberman from Marcus & Millichap.

This successful deal involved a total area of approximately 53,122 square feet, resulting in a price per square foot of $372. The transaction demonstrates the strong demand and value of mixed-use properties in the Lake Forest market.