Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1020 Milwaukee Ave Deerfield, IL 60015

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $19 SF/Yr ($840 /Mo)

    Office suite featuring a windowed office, open area, and closet.

    Property size:
    517 SF
    Lot size:
    2.77 Acres

    Property Features for 1020 Milwaukee Ave

    General Information

    Size
    517 SF
    Lot size
    2.77 Acres

    We can help!

    Listing Contact
    Alan Raphaeli
    Alan Raphaeli
    Source: Moodyscre

    Listing Agent: Alan Raphaeli

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

    Learn more

    Property Insight Report

    Overview

    Office Suite in Deerfield

    This office suite, located in Deerfield, Illinois, offers 517 square feet of space. The suite includes one office with a window, an open area, and a closet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield
    County
    Lake
    State
    Illinois
    Longitude
    -87.9216494
    Latitude
    42.1652963

    Nearby Similar for Lease

    • $29 SF/Yr

      Class A Office/Medical Building

      Class A office and medical building in Deerfield for lease.
      111 S Pfingsten Rd, Deerfield, IL 60015
      View Details
    • $29 SF/Yr

      Class A Office/Medical Building

      Class A office and medical building in Deerfield, Illinois.
      111 Pfingsten Rd, Deerfield, IL 60015
      View Details
    • Contact for pricing
      4,070 SF

      Versatile Office Space in Deerfield

      Office space with amenities near major transportation routes.
      6 Pkwy Blvd N, Deerfield, IL
      View Details
    • Contact for pricing
      6,950 SF

      North Shore Retail Development Opportunity

      Grocery-anchored development opportunity in a dynamic North Shore location.
      Waukegan Rd & Half Day Rd, Deerfield, IL
      View Details
    • $16 SF/Yr
      10,633 SF

      Class A Office Space

      Corporate headquarters with health club, cafeteria, and conferencing facility.
      1650 Lake Cook Rd, Deerfield, IL 60015
      View Details
    • $25 SF/Yr
      21,206 SF

      Former Therapy Day School Space

      21,206 SF divisible space ideal for educational, medical use.
      1161 Lake Cook Rd, Deerfield, IL 60015
      View Details
    • $2,847 /Mo

      Downtown Deerfield Luxury Apartment

      Luxury 1 BR apartment with terrace in downtown Deerfield.
      625 Deerfield Rd, Deerfield, IL 60015
      View Details
    • $20 SF/Yr

      Mixed-Use Office and Warehouse Space

      Office and warehouse space for lease near Deerfield Metra station.
      747 Lake Cook Rd, Deerfield, IL 60015
      View Details
    • $19 SF/Yr
      137,492 SF

      Deerfield Executive Office Suites

      Lake Cook Rd Office Space Available
      570 Lake Cook Rd, Deerfield, IL 60015
      View Details
    • Contact for pricing
      19,249 SF

      Class A Office Building

      130,474 SF Class A office building for rent.
      9 Pkwy Blvd N, Deerfield, IL
      View Details
    • Contact for pricing
      35,237 SF

      Premier Office Space Available

      Class A office space in prestigious Parkway North development.
      4 Prkwy Blvd N, Deerfield, IL
      View Details
    • $15 SF/Yr
      60,000 SF

      Deerfield Office Building for Lease

      Prime Deerfield office space, multiple suites available.
      111 Deer Lake Rd, Deerfield, IL 60015
      View Details

    FAQs

    What type of property is this?
    Office space - Office suite featuring a windowed office, open area, and closet.
    Where is this office space located?
    The property is located at 1020 Milwaukee Ave Deerfield, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Suite featuring one office with a window; - Includes an open area; - Closet for storage
    (312) 884-5400
    Request Owner's contact information
    1020 Milwaukee Ave Deerfield, IL 60015
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1020 Milwaukee Ave
    Deerfield, IL 60015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1020 Milwaukee Ave Deerfield, IL 60015
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Alan Raphaeli
    Alan Raphaeli
    (312) 884-5400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.