847-780-8063
225 E Deerpath, Lake Forest, IL for Sale
Storefront - FOR SALE
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225 E Deerpath
Lake Forest, IL 60045


HIGHLIGHTS

  • Rare opportunity to acquire a commercial asset in the heart of Lake Forest’s vibrant downtown district.
  • Mixed-use configuration with a strong tenant mix across retail, medical, wellness, and professional office uses.
  • In-place NOI of approximately $592,400 with additional upside through lease-up.
  • Features 62 covered parking spaces, prominent signage, and elevator access.
  • Walkable to Lake Forest College and major employers, with proximity to Metra stations and regional connectivity.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Deerpath Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

Commercial

APN/PARCEL ID

12-33-119-001,12-33-119-005,12-33-119-006,12-33-119-007,12-33-119-008

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.