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Two-Story Mixed-Use Retail Office
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225 E Deerpath Road, Lake Forest, IL 60045

Two-story mixed-use building with retail and office space at a downtown street-corner location.

Property Size47,863 SF
Days on Market23

Property Features for 225 E Deerpath Road

General Information

Standard status Active
Size 47,863 SF
Property subtype Retail
Occupancy 74%

Building Details

Year Built 1988
Stories 2
Tenancy Multi
Listing Agency: Frontline Real Estate Partners, LLC
Listed By: Matthew Tarshis · License #475156642
Source: Frontlinerepartners
Added: Jul 8 Changed: Jul 10 Last Checked: Jul 30 at 4:57AM

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 Frontline Real Estate Partners, LLC

Investment Insights

Based on property information with market context.

Deerpath Plaza is a two-story mixed-use retail and office building totaling 47,863 square feet. The property includes an in-place operating income stream and is currently described at approximately 74% occupancy.

The building is located at the corner of Deerpath Road and Oakwood Avenue in downtown Lake Forest. Public remarks indicate a diversified tenant roster that includes retail, medical, wellness, service, and professional office users.

As a corner mixed-use asset, Deerpath Plaza offers a combination of retail and office space within one property, with reported value-add potential tied to lease-up and stabilization.

Key Highlights

  • Deerpath Plaza: 47,863 SF, two‑story mixed‑use retail and office building
  • Street‑corner location at Deerpath Road and Oakwood Avenue in downtown Lake Forest
  • In‑place NOI of approximately $592,000 at 74% occupancy

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Parts Store Big Box & Wholesale Store Hair Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

74%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

60
Businesses Nearby

Demographics for 60045, IL

21,026
Population
7,939
Households
2.6
Avg Household Size
46
Median Age
81%
College-Educated
99%
High-School Grad
21.3 sq mi
ZIP Area
987
Density / Sq Mi
$225,551
Median Household Income
$78,718
Median Earnings
$2,321
Median Rent
$899,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story mixed-use building with retail and office space at a downtown street-corner location.
Where is this mixed-use property located?
The property is located at 225 E Deerpath Road Lake Forest, IL.
What are key features of this property?
This property features: Deerpath Plaza: 47,863 SF, two‑story mixed‑use retail and office building; Street‑corner location at Deerpath Road and Oakwood Avenue in downtown Lake Forest; In‑place NOI of approximately $592,000 at 74% occupancy
More about this property
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