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    225 Deerpath Rd Lake Forest, IL 60045

    Sponsored
    For Lease
    Contact for pricing

    Lake Forest Executive Office Space

    Lot size:
    47,863 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Deerpath Plaza, a Class A, multi-tenant retail and office building in downtown Lake Forest, Illinois, offers exceptional leasing opportunities. This 47,863 square foot building, constructed in 1988, boasts 18,708 square feet of immediately available space, divisible into units ranging from 688 to 4,000 contiguous square feet. The property features an attractive atrium, a convenient elevator, and ample underground parking with 62 spaces. Its prime location at the corner of Deerpath Road and Oakwood Avenue provides excellent visibility and signage opportunities. The building is strategically situated within walking distance of the Lake Forest Metra Station and just over a mile from US Route 41, providing easy access to Interstate 94. This thriving location is surrounded by a wealth of established businesses, including Jewel-Osco, The Fresh Market, Walgreens, and numerous banks and restaurants, ensuring high foot traffic and visibility for tenants. The building's executive office spaces offer a sophisticated and productive work environment. The property is situated in Lake Forest, a highly affluent community with an average household income of approximately $265,000, making it an ideal location for businesses seeking a prestigious address and a strong customer base.

    Property Features for 225 Deerpath Rd

    General Information

    Property type
    Hospitals
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    47,863 SF
    Class
    A

    Building Details

    Year Built
    1988

    Unit(s) available at that property

    Space
    Unit 50
    Size
    4,000 SF
    Space
    Unit 60
    Size
    2,664 SF
    Space
    Unit 80
    Size
    1,103 SF
    Space
    Unit 137
    Size
    1,924 SF
    Space
    Unit 113
    Size
    688 SF
    Space
    Unit 206/210
    Size
    1,250 SF
    Space
    Unit 124
    Size
    1,701 SF
    Space
    Unit 138
    Size
    2,296 SF
    Space
    Unit 270
    Size
    1,809 SF
    Space
    Unit 224
    Size
    1,273 SF

    HighLights

    • Class A retail/office space available for lease in downtown Lake Forest.
    • High‑income demographic: Lake Forest ranks among the nation's 50 wealthiest cities, boasting an average household income exceeding $265,000.
    • Prime location near Lake Forest College (1,500+ students) and Lake Forest Hospital (major employer).
    • Building amenities include an atrium, elevator, and 62 underground parking spaces with Deerpath Road signage.
    • Convenient access to Lake Forest Metra Station and US Route 41.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hospitals

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Lake
    State
    Illinois
    Longitude
    -87.8414989
    Latitude
    42.2505832

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    FAQs

    What type of property is this?
    Hospital - Lake Forest Executive Office Space
    Where is this hospital located?
    The property is located at 225 Deerpath Rd Lake Forest, IL.
    What are key features of this property?
    This property features: Class A retail/office space available for lease in downtown Lake Forest.; High-income demographic: Lake Forest ranks among the nation's 50 wealthiest cities, boasting an average household income exceeding $265,000.; Prime location near Lake Forest College (1,500+ students) and Lake Forest Hospital (major employer).
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    225 Deerpath Rd Lake Forest, IL 60045
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    Lake Forest, IL 60045
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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
    225 Deerpath Rd Lake Forest, IL 60045
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