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

Multi-tenant two-story building with atrium, elevator service, and 62 underground parking spaces in downtown Lake Forest.

Days on Market5

Property Features for 225 E Deerpath Road

General Information

Standard status Active
Property subtype Retail

Building Details

Building Size 47,863 SF
Year Built 1988
Listing Agency: Frontline Real Estate Partners
Listed By: Matthew Tarshis · License #481011744
Source: Commercialcafe
Added: Jul 26 Changed: Jul 27 Last Checked: Jul 30 at 3:12AM

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

Investment Insights

Based on property information with market context.

Deerpath Plaza is a two-story, multi-tenant mixed-use retail and office building totaling 47,863 square feet. The property includes an atrium, elevator access, and signage along Deerpath Road, with parking available in 62 underground spaces.

The building is located along the south side of Deerpath Road at the intersection of Oakwood Avenue in downtown Lake Forest, Illinois. The property sits on a 0.89-acre parcel zoned B-3: Traditional Business.

Deerpath Plaza is currently 74% leased to a mix of retail, medical, wellness, and professional office tenants. Available configurations include up to 2,300 square feet of ground-floor retail space and second-floor office space ranging from 1,250 to 4,300 square feet.

Key Highlights

  • 47,863 SF two‑story mixed‑use retail and office building on a 0.89‑acre parcel in downtown Lake Forest, IL.
  • Located at Deerpath Road and Oakwood Avenue, with Deerpath Road signage and an atrium for building access.
  • Currently 74% leased to a mix of retail, medical, wellness, and professional office tenants, generating in‑place NOI of approx. $592,400.

Property Analytics

Current Use

Office buildings

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

NNN (Triple Net)
Lease Type

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?
Office building - Multi-tenant two-story building with atrium, elevator service, and 62 underground parking spaces in downtown Lake Forest.
Where is this office building located?
The property is located at 225 E Deerpath Road Lake Forest, IL.
What are key features of this property?
This property features: 47,863 SF two‑story mixed‑use retail and office building on a 0.89‑acre parcel in downtown Lake Forest, IL.; Located at Deerpath Road and Oakwood Avenue, with Deerpath Road signage and an atrium for building access.; Currently 74% leased to a mix of retail, medical, wellness, and professional office tenants, generating in‑place NOI of approx. $592,400.
More about this property
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