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Renovated Flex Sports Facility
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550 Lake Cook Rd, Deerfield, IL 60015

Renovated in 2019 with flexible space that has supported sports, fitness, events, and production use.

Property Size38,000 SF
Days on Market244

Property Features for 550 Lake Cook Rd

General Information

Standard status Active
Size 38,000 SF
Property subtype OFFICE

Building Details

Year Renovated 2019
Listing Agency: Colliers | Chicago Rosemont
Listed By: Peter Block · License #471002226
Source: Moodyscre
Added: Jan 12 Changed: Aug 14 Last Checked: Sep 13 at 10:09AM

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 Colliers | Chicago Rosemont

Investment Insights

Based on property information with market context.

This flex facility was renovated in 2019 and is sized to support multiple operating concepts, including sports and fitness, training, events, and production uses. The property’s flexible history indicates it can be adapted for a range of day-to-day uses within a single building.

Located on Lake Cook Road, the site is described as having high visibility along a major thoroughfare. It is also directly across from the Lake Cook Road Metra stop, with retail, commercial, and transportation amenities nearby. Just east of the site are three major retail shopping centers, and to the west a major entertainment district is planned.

For buyers and users evaluating a mid-size, multi-use building with recent renovations and proven operational versatility, this location provides straightforward access to both suburban retail amenities and transit connectivity via Metra.

Key Highlights

  • Renovated in 2019, with flexible space that has supported sports, fitness, events, and production use
  • High‑visibility location on Lake Cook Road, a major thoroughfare
  • Directly across from the Lake Cook Road Metra stop, with service to downtown

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Barber Shop (Bike/Boat/Book/etc) Store Grocery & Convenience Store Home Appliance Store Tanning Salon Catering Service

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

Location Intelligence

Trade Area within ½ mile

1,691
Businesses Nearby
Under-served
Demand for This Use

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
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Similar Off Market Nearby

  • City Barbeque 365 Lake Cook Rd, Deerfield, IL 60015

Frequently Asked Questions

What type of property is this?
Flex space - Renovated in 2019 with flexible space that has supported sports, fitness, events, and production use.
Where is this flex space located?
The property is located at 550 Lake Cook Rd Deerfield, IL.
What are key features of this property?
This property features: Renovated in 2019, with flexible space that has supported sports, fitness, events, and production use; High‑visibility location on Lake Cook Road, a major thoroughfare; Directly across from the Lake Cook Road Metra stop, with service to downtown
(312) 343-1800 Call to check price and availability
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