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    Milwaukee Ave & Deerfield Rd Riverwoods, IL 60015

    Sponsored
    For Sale
    Contact for pricing

    Prime IL location, large development site

    Property size:
    220,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, situated at the intersection of Milwaukee Ave and Deerfield Road in Riverwoods, Illinois (zip code 60015), presents a rare infill development opportunity. The site encompasses 37.32 acres and offers a substantial building footprint ranging from 220,000 to 320,000 square feet. The property boasts 497 parking spaces and two dock-high doors, catering to diverse logistical needs. High ceilings, measuring 32 feet, provide ample vertical space for various uses. Benefitting from low Lake County taxes, this location enjoys excellent access to major transportation arteries. It's approximately 3 miles from the four-way interchange at I-294 and Lake-Cook Road, and roughly 2.5 miles from the I-294/Deerfield Road interchange. All utilities are conveniently located on-site, simplifying development plans. This unique opportunity is ideal for developers seeking a large-scale project in a highly desirable location. The property is zoned for office, industrial, and land uses, offering significant flexibility for future development.

    Property Features for 0 Milwaukee Ave & Deerfield Rd

    General Information

    Property type
    Land
    Square Feet
    220,000 SF
    Lot Size
    1,625,659 SF

    HighLights

    • Rare infill site in Riverwoods, IL.
    • Large 37.32‑acre development site.
    • Excellent development opportunity with low Lake County taxes.
    • ~3 miles to I‑294/Lake‑Cook Road interchange.
    • ~2.5 miles to I‑294/Deerfield Road interchange.
    • Utilities available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Riverwoods
    County
    Lake
    State
    Illinois
    Longitude
    -87.9217001
    Latitude
    42.1676837

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    FAQs

    What type of property is this?
    Land - Prime IL location, large development site
    Where is this land located?
    The property is located at Milwaukee Ave & Deerfield Rd Riverwoods, IL.
    What are key features of this property?
    This property features: Rare infill site in Riverwoods, IL.; Large 37.32-acre development site.; Excellent development opportunity with low Lake County taxes.
    Request Owner's contact information
    Milwaukee Ave & Deerfield Rd Riverwoods, IL 60015
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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
    Milwaukee Ave & Deerfield Rd Riverwoods, IL 60015
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