Property profile

111 Pfingsten Rd Deerfield, IL 60015

OFF-MARKET
Commercial real estate
Property ID
US28-5694063
1.79 ac lot Built 1986
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Financial Advisor
  • Financial Advisor
  • Financial Advisor
  • Financial Advisor
  • Financial Advisor

Location

111 Pfingsten Rd Deerfield, IL 60015-5616
Deerfield metro Census 801601 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.28M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$12.26M

Owner & transaction history

since 2021
Last sale
$10.8M
7 recorded transactions
2021
$10.8M
2019
Price N/A
2013
$15.6M
2013
$9.5M
2010
Price N/A
2007
$23.3M
1998
Price N/A

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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