Deerpath Plaza is a mixed-use investment opportunity located at the intersection of Deerpath Road and Oakwood Avenue in downtown Lake Forest, Illinois, within the Chicago MSA. The property spans 47,863 square feet across two stories, sitting on a 0.89-acre parcel zoned B-3: Traditional Business. Currently 74% leased, this asset is home to a diverse tenant mix encompassing retail, medical, wellness, and professional office users, including The Skin Care Center, Athletico, Fitness Together, Robb Orthodontics, Berlin Packaging, and more.
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.