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.