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    740 Waukegan Rd Deerfield, IL 60015

    For Lease
    $28 SF/Yr

    Class A Office, Retail Space in Deerfield, IL

    Lot size:
    93,792 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A office and retail space, located at 740 Waukegan Rd, Deerfield, IL 60015, offers 1,350 square feet of versatile space within the Shops at Deerfield Square. Situated in a prime location at the southwest corner of Waukegan Rd. and Deerfield Rd., this property benefits from high traffic counts (22,300 VPD and 24,400 VPD respectively). The space is part of a four-story, 93,792 square foot building constructed in 1999, offering convenient access from both the exterior and an interior atrium. This in-line, first-floor unit is ideal for a variety of uses, including medical or traditional office space. The Shops at Deerfield Square is a mixed-use development in the heart of Downtown Deerfield, surrounded by a vibrant mix of shopping and dining options, including Whole Foods, Walgreens, Chase Bank, and Potbelly. The building features ample parking with 1,000 spaces available, and is zoned B2. Lake County location provides easy access to major transportation routes. This is a rare opportunity to secure a high-profile space in a thriving downtown area.

    Property Features for 740 Waukegan Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    93,792 SF
    Class
    A
    Total Rate
    222052.56

    Building Details

    Year Built
    1999
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 107
    Size
    1,350 SF
    Rate per SF
    $28

    HighLights

    • 1,350 SF of Class A office/retail space at 740 Waukegan Rd, Deerfield, IL.
    • Prime location at Waukegan & Deerfield Rds. with high traffic counts (22,300 & 24,400 VPD).
    • First‑floor, in‑line unit in a 93,792 SF building (1999 construction) within the Shops at Deerfield Square.
    • Located in Downtown Deerfield near Whole Foods, Walgreens, Chase Bank, and Potbelly.
    • Less than 0.5 miles from the Deerfield Metra Station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield
    County
    Lake
    State
    Illinois
    Longitude
    -87.8476566
    Latitude
    42.1656029

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    FAQs

    What type of property is this?
    Medical office - Class A Office, Retail Space in Deerfield, IL
    Where is this medical office located?
    The property is located at 740 Waukegan Rd Deerfield, IL.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 1,350 SF of Class A office/retail space at 740 Waukegan Rd, Deerfield, IL.; Prime location at Waukegan & Deerfield Rds. with high traffic counts (22,300 & 24,400 VPD).; First-floor, in-line unit in a 93,792 SF building (1999 construction) within the Shops at Deerfield Square.
    Request Owner's contact information
    740 Waukegan Rd Deerfield, IL 60015
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    Deerfield, 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
    740 Waukegan Rd Deerfield, IL 60015
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