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550 Lake Cook Rd - Sport & Educational Facility 31,166 SF Sports & Entertainment Building Offered For Sale in Deerfield, IL 60015
INVESTMENT HIGHLIGHTS
- High visibility location on a major thoroughfare (Lake Cook Road).
- Flexibility of usage: It has accommodated sports, wellness, events, and production uses.
- The building is reasonably sized for multiple uses (sports/fitness, training, events) and renovated recently (2019).
EXECUTIVE SUMMARY
Colliers is pleased to introduce a truly once in a lifetime opportunity to acquire the Chicago Bulls former practice facility. Today, it is an income producing investment opportunity with upside potential. It is located on an out-parcel of a Corporate 500 Office Development in Deerfield, IL. with a building address of 550 Lake Cook Road. The property still boasts the original build-outs including the basketball court, corporate offices and new cooking facilities.
The building is anchored by the Felicity School – Chicago’s premier therapeutic day school designed to serve students who are eligible for special education services. The balance of the building is used for sports and event space. This space is rented to various sports related organizations including basketball and volleyball groups among others and used for functions, charities, birthdays and the like.
The property is offered unpriced. The current income is $415,528. There is meaningful room to grow the revenue by maximizing the sports and events space usage.
The building is anchored by the Felicity School – Chicago’s premier therapeutic day school designed to serve students who are eligible for special education services. The balance of the building is used for sports and event space. This space is rented to various sports related organizations including basketball and volleyball groups among others and used for functions, charities, birthdays and the like.
The property is offered unpriced. The current income is $415,528. There is meaningful room to grow the revenue by maximizing the sports and events space usage.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Building Size | 31,166 SF |
| Property Type | Sports & Entertainment | No. Stories | 1 |
| Building Class | B | Year Built | 1992 |
| Lot Size | 1.95 AC | Parking Ratio | 1.44/1,000 SF |
| Sale Type | Investment or Owner User |
| Property Type | Sports & Entertainment |
| Building Class | B |
| Lot Size | 1.95 AC |
| Building Size | 31,166 SF |
| No. Stories | 1 |
| Year Built | 1992 |
| Parking Ratio | 1.44/1,000 SF |
1 1
PROPERTY TAXES
| Parcel Number | 16-33-301-010 | Improvements Assessment | $747,340 |
| Land Assessment | $328,626 | Total Assessment | $1,075,966 |
PROPERTY TAXES
Parcel Number
16-33-301-010
Land Assessment
$328,626
Improvements Assessment
$747,340
Total Assessment
$1,075,966
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550 Lake Cook Rd - Sport & Educational Facility
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