740 Waukegan Rd Deerfield, IL 60015
Property profile & analytics
740 Waukegan Rd Deerfield, IL 60015
- Office buildings
- 93,750 SF
- 0.51 lot acres
Property ID
US28-5119058
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 740 Waukegan Rd
- Year built
- 1999
- Construction
- BRICK
- Lot size
- 0.51 lot acres
- Property size
- 93,750 SF
- Property type
- Office buildings
- APN
- 16-32-223-004
- APU
- 1632223004
Description
This exceptional Class A office and retail space, located at 740 Waukegan Rd, Deerfield, IL 60015, offers 1,350 square feet of versatile space within the Shops at Deerfield Square. Situated in a prime location at the southwest corner of Waukegan Rd. and Deerfield Rd., this property benefits from high traffic counts (22,300 VPD and 24,400 VPD respectively). The space is part of a four-story, 93,792 square foot building constructed in 1999, offering convenient access from both the exterior and an interior atrium. This in-line, first-floor unit is ideal for a variety of uses, including medical or traditional office space. The Shops at Deerfield Square is a mixed-use development in the heart of Downtown Deerfield, surrounded by a vibrant mix of shopping and dining options, including Whole Foods, Walgreens, Chase Bank, and Potbelly. The building features ample parking with 1,000 spaces available, and is zoned B2. Lake County location provides easy access to major transportation routes. This is a rare opportunity to secure a high-profile space in a thriving downtown area.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $22,980,000
- 6.5%
- $21,215,000
- 7%
- $19,700,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $11,456,000
- AI Estimate
- $16,665,000
Market price range: $5.70M - $18.1MMarket price range: $2.23M - $39.4M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $11,345,000 Current use
- COMMERCIAL (GENERAL)
- $17,010,000 Change: +50% Conversion: Easy
- AUTO REPAIR, GARAGE
- $16,385,000 Change: +44% Conversion: Difficult
- RESTAURANT
- $15,995,000 Change: +41% Conversion: Moderate
- RETAIL STORES
- $11,925,000 Change: +5% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $10,495,000 Change: -8% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Deerfield
- County
- Lake
- State
- Illinois
- Longitude
- -87.8477
- Latitude
- 42.1656
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$220,805
$153,098
$3,449,463
$3,602,561
-
$459,340
$10,349,424
$10,808,764
