Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $10,625,000
    Commercial real estate

    111 Pfingsten Rd, Deerfield, IL 60015-5616

    1.79 ac lot Built 1986
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US28-5694063
    Property summary
    AI-generated overview

    Deerfield Centre, a Class A, four-story office building (124,210 square feet) in Deerfield, IL, offers multiple tenancy options. Built in 1990 and renovated in 2023, this property boasts 31,829 square feet of immediately available space, with a maximum contiguous space of 31,829 square feet. The building features 496 parking spaces, including indoor executive heated parking with EV charging stations, four elevators, and on-site management and maintenance. Located at 111 Pfingsten Rd, Deerfield, IL 60015, it sits on a 6.2-acre lot and is zoned commercial. Its prime location offers easy access to I-94 (Edens Spur) and Waukegan Road (Rt 43), and is a short walk from the Lake Cook Metra Train Station, providing convenient access to Chicago's Union Station. The area offers abundant amenities, including numerous restaurants, hotels (Marriott Chicago across the street), and the Deerbrook Shopping Center. The property benefits from high visibility, with over 51,000 vehicles passing daily on Pfingsten and Lake Cook Roads, and nearly 54,000 VPD along I-94. The surrounding area boasts a strong demographic profile, with a population of 177,162 within a 5-mile radius, 66,559 households, and an average household income of $151,599. Pace Bus Route 626 also serves the property. The building caters to various office needs, including medical, traditional, executive, and creative office spaces.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1986
    Lot 1.79 ac (77,972 SF)
    APN 04-04-100-011
    UPID US28-5694063
    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
    $10.28M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $10.63M
    Owner & transaction history
    111 D I R Development LLC · 4 yrs held
    111 D I R Development LLC
    since 2021
    Last sale
    $10.8M
    7 recorded transactions
    2021
    $10.8M
    2019
    2013
    $15.6M
    2013
    $9.5M
    2010
    2007
    $23.3M
    1998
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 111 Pfingsten Rd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message