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Deerpath Plaza 225 E Deerpath 48,898 SF 74% Leased Retail Building Lake Forest, IL 60045 For Sale
Investment Highlights
- Rare opportunity to acquire a commercial asset in the heart of Lake Forest’s vibrant downtown district.
- In-place NOI of approximately $592,400 with additional upside through lease-up.
- Walkable to Lake Forest College and major employers, with proximity to Metra stations and regional connectivity.
- Mixed-use configuration with a strong tenant mix across retail, medical, wellness, and professional office uses.
- Features 62 covered parking spaces, prominent signage, and elevator access.
Executive Summary
The property generates an in-place NOI of approximately $592,400 at the current occupancy, offering investors stable, day-one income with significant upside through future lease-up and stabilization. It includes desirable features such as an atrium, elevator access, dedicated signage on Deerpath Road, and 62 covered parking spaces, with immediate proximity to Lake Forest’s premier downtown commercial environment. Nearby amenities include restaurants, retailers, Lake Forest College, and Northwestern Medicine Lake Forest Hospital, ensuring strong tenant appeal and sustained demand for space.
Property Facts
Amenities
- Atrium
- Signage
- Balcony
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Excellent opportunity to lease at a class A retail/office building located at the corner of Deerpath Road and Oakwood Avenue in downtown Lake Forest. Lake Forest, part of the North Shore, totals approximately 19,000 residents and is one of the top 50 wealthiest cities in the country with an average household income of approx. $265,000. The multi-tenant retail/office building offers anywhere from 700 - 7,767 SF of ground-floor retail space and 1,250 - 1,809 SF of second-floor office space.
Excellent opportunity to join a class A retail/office building in downtown Lake Forest.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,300 SF | Retail | In-Line | Now |
| 2nd Floor | 1,250-6,000 SF | Office | - | Now |
1st Floor
| Size |
| 2,300 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2nd Floor
| Size |
| 1,250-6,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 2,300 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Excellent opportunity to lease at a class A retail/office building located at the corner of Deerpath Road and Oakwood Avenue in downtown Lake Forest. Lake Forest, part of the North Shore, totals approximately 19,000 residents and is one of the top 50 wealthiest cities in the country with an average household income of approx. $265,000. The multi-tenant retail/office building offers anywhere from 700 - 7,767 SF of ground-floor retail space and 1,250 - 1,809 SF of second-floor office space.
2nd Floor
| Size | 1,250-6,000 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Excellent opportunity to join a class A retail/office building in downtown Lake Forest.
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,883,739 | |
| Land Assessment | $1,042,450 | Total Assessment | $2,926,189 |
Property Taxes
Contacts
-
Matt Tarshis -
Andrew Rubin -
Andrew Slovis -
Zack Pearlstein -
Frontline Real Estate Partners
Presented by
Deerpath Plaza | 225 E Deerpath
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