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    FOR LEASE
    Industrial properties

    111 Deer Lake Rd, Deerfield, IL 60015

    61,225 SF 5.08 ac lot Built 1987
    Entity Owned 22-yr Hold ~ Est. High Equity
    Property ID
    US28-1841686
    Property summary
    AI-generated overview

    This exceptional single-story office building, totaling 60,000 square feet, is situated on a 3-acre lot in Deerfield, Illinois, within the Central North submarket. Constructed in 1988 and renovated in 2001, the Class B property offers a blend of traditional and executive office spaces, perfect for a variety of businesses. The building is comprised of one structure and features multiple tenancy options. Currently, there are several suites available for lease, ranging in size from 4,414 to 7,500 square feet. This presents a unique opportunity for businesses seeking flexible and adaptable office space in a desirable location. The property's location in Lake County, Illinois, zip code 60015, provides easy access to major transportation routes and amenities. The address is 111 Deer Lake Road, Deerfield, IL. This is an excellent opportunity to establish or expand your business in a well-maintained and conveniently located office building. The building's single-story design offers ease of access and efficient workflow. The 2001 renovation ensures modern amenities and functionality. Interested parties are encouraged to inquire about available suite sizes and lease terms.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1987
    Construction BRICK
    Total area 61,225 SF
    Lot 5.08 ac (221,154 SF)
    APN 16-33-303-033
    UPID US28-1841686
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $4.06M
    Comparable Approach Comparable
    $5.36M
    Blend (final) Blend
    $5.02M
    Owner & transaction history
    Ecd Deerfield Tech LLC · 22 yrs held
    Ecd Deerfield Tech LLC
    since 2004
    3 recorded transactions
    2023
    2004
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $7.8M +64.6%
    Office building $7.4M +56.6%
    Apartment house (5+ units) $6.9M +44.8%
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    More about this property
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