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    FOR LEASE
    Office buildings

    740 Waukegan Rd, Deerfield, IL 60015

    93,750 SF 0.51 ac lot Built 1999
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US28-5119058
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1999
    Construction BRICK
    Total area 93,750 SF
    Lot 0.51 ac (22,320 SF)
    APN 16-32-223-004
    UPID US28-5119058
    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
    $21.22M
    Comparable Approach Comparable
    $11.46M
    Blend (final) Blend
    $16.45M
    Owner & transaction history
    Sephora USA INC · 1 yrs held
    Sephora USA INC
    since 2024
    2 recorded transactions
    2024
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $17.0M +49.9%
    Auto repair, garage $16.4M +44.4%
    Restaurant $16.0M +41.0%
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    More about this property
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