Property profile

225 Deerpath Rd Lake Forest, IL 60045

OFF-MARKET
Retail properties & Spaces
47,863 SF Built 1988
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1988
Total area 47,863 SF

Cap rate & NOI

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

Location

225 Deerpath Rd Lake Forest, IL 60045
Lake Forest metro
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Value estimations

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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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