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    700 Deerfield Rd, Unit | Deerfield Deerfield, IL 60015

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    For Sale
    $3,150,000

    Retail building for sale, leased to a national tenant.

    Source: Midamericagrp

    Listing Agent: George Ghattas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Building in Deerfield, Illinois

    A retail building at 700 Deerfield Road in Deerfield, Illinois, is available for purchase. The property is currently leased to a national tenant. The tenant will operate under a seven-year gross lease on the ground floor of the building, commencing upon the close of escrow. The sale is for the fee simple interest in the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield
    County
    Lake
    State
    Illinois
    Longitude
    -87.8452078
    Latitude
    42.1676646

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    FAQs

    What type of property is this?
    Retail space - Retail building for sale, leased to a national tenant.
    Where is this retail space located?
    The property is located at 700 Deerfield Rd, Unit | Deerfield Deerfield, IL.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: - National tenant ensures reliable income stream.; - Fee simple interest offered.; - Retail building in a prime location.
    (630) 954-7398
    Request Owner's contact information
    700 Deerfield Rd, Unit | Deerfield Deerfield, IL 60015
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Deerfield Rd, Unit | Deerfield Deerfield, IL 60015
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