0 Milwaukee Ave & Deerfield Rd, Riverwoods, IL 60015
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.