Former Therapy Day School
For Sale
$3,850,000
1161 Lake Cook Rd, Deerfield, IL 60015
21,206 SF building ideal for educational, medical, community use.
Property Size21,206 SF
Price / SF$181.55
Days on Market213
Property Features for 1161 Lake Cook Rd
General Information
Standard status
Active
Size
21,206 SF
Property subtype
Office
Building Details
Year Built
1986
Listed By:
Jason Wurtz
(847) 660-3839
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Oct 4 at 8:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jason Wurtz
Investment Insights
Based on property information with market context.
A 21,206 square foot building is available for sale. The property was formerly a Therapy Day School and includes ABA focused therapy rooms, life skills education areas, observation areas, and cosmetic upgrades suitable for age-appropriate services. An administrative business area is also present. The property is suitable for educational, medical, or community use. It is located off Frontage Road with accessibility to Lake Cook Road.
Key Highlights
- 21,206 SF available, suitable for various uses.
- Equipped with ABA focused therapy rooms, life skills education area, and observation areas.
- Ideal for educational, medical, or community use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$307,150
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,143,000
$6.1M
Cap Rate 7%
$4,387,857
$4.4M
Cap Rate 9%
$3,412,778
$3.4M
Market Conditions
NOI Build-Up for 21,206 SF
Gross rent
$559.8K $26.40/SF
− Vacancy
−$47.9K −$2.26/SF
EGI
$511.9K $24.14/SF
− OpEx
−$204.8K −$9.66/SF
NOI
$307.1K $14.48/SF
Area
Lake County, IL
Vacancy
8.56%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,143,000
Cap Rate 7%
$4,387,857
Cap Rate 9%
$3,412,778
Alternative Uses
Best Use
Healthcare Medical
$4.39M
$3.84M – $5.12M
NOI $307,150 @ 7.0% cap · market cap 7.98%
Second Best
Office B
$4.18M
$3.65M – $4.87M
NOI $292,396 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$7.32M
$6.41M – $8.54M
NOI $512,503 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,555
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60015, IL
28,013
Population
10,657
Households
2.6
Avg Household Size
43
Median Age
80%
College-Educated
98%
High-School Grad
13.6 sq mi
ZIP Area
2,060
Density / Sq Mi
$186,786
Median Household Income
$82,970
Median Earnings
$2,284
Median Rent
$602,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office space - 21,206 SF building ideal for educational, medical, community use.
Where is this office space located?
The property is located at 1161 Lake Cook Rd Deerfield, IL.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: 21,206 SF available, suitable for various uses.; Equipped with ABA focused therapy rooms, life skills education area, and observation areas.; Ideal for educational, medical, or community use.
