Property profile

0 Milwaukee Ave & Deerfield Rd Riverwoods, IL 60015

OFF-MARKET
Office Spaces
220,000 SF 37.32 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Office Spaces
Total area 220,000 SF
Lot 37.32 ac (1,625,659 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Milwaukee Ave & Deerfield Rd Riverwoods, IL 60015
Riverwoods metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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