Deerpath Plaza

Deerpath Plaza is located along the south side of Deerpath Road at the intersection of Oakwood Avenue in the heart of downtown Lake Forest, Lake County, Illinois. Lake Forest is an affluent North Shore suburb located approximately 30 miles north of downtown Chicago and is nationally recognized for its strong demographics, historic character, and highly desirable residential base. The community is home to approximately 19,000 residents and ranks among the wealthiest municipalities in the country, with an average household income of approximately $265,000 and a median home value of approximately $852,000. Within Lake Forest, the Property benefits from a premier downtown location just one block west of the Deerpath Road and Western Avenue intersection, two of the primary thoroughfares serving the city’s central business district. The surrounding area features a strong mix of retail, restaurant, residential, institutional, and medical uses, creating consistent daily traffic and a highly attractive environment for mixed-use ownership. Nearby demand drivers include Lake Forest College just a few blocks east, and Northwestern Medicine Lake Forest Hospital just west, which is one of the largest employers in the community. The downtown retail corridor along Deerpath Road and Western Avenue includes a deep roster of national and local tenants, including Jewel-Osco, The Fresh Market, Walgreens, CVS, Chase Bank, BMO, Bank of America, The UPS Store, Lululemon, Egg Harbor Café, Rosati’s Pizza, Dunkin’, Starbucks, and numerous boutique retailers and restaurants.Deerpath Plaza is a 47,863-square-foot, two-story mixed-use retail and office building located at the corner of Deerpath Road and Oakwood Avenue in downtown Lake Forest, Illinois (Chicago MSA). The Property sits on a 0.89-acre parcel zoned B-3: Traditional Business and is currently 74% leased to a diverse mix of retail, medical, wellness, and professional office tenants, including The Skin Care Center, Athletico, Fitness Together, Robb Orthodontics, Pilates of Lake Forest, Berlin Packaging, BioFit, and other established users. The Property generates an in-place NOI of approximately $592,400 at the existing 74% occupancy rate, offering investors stable day-one cash flow with meaningful upside through lease-up and stabilization. Deerpath Plaza features an atrium, elevator access, Deerpath Road signage, and 62 underground parking spaces, all within Lake Forest’s affluent downtown commercial corridor surrounded by restaurants, retailers, residential density, Lake Forest College, and Northwestern Medicine Lake Forest Hospital.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 a average household income of approx. $265,000. The multi-tenant retail/office building offers up to 2,300 SF ground floor retail space and 1,250 - 4,300 SF of second floor office space. The property features an atrium, an elevator, underground parking totaling 62 spaces, and signage fronting Deerpath Road. Additionally, the property is conveniently located within a few blocks from the Lake Forest Metra Station and just over one (1) mile east of U.S. Route 41, which leads directly into Interstate-94. Neighboring retailers include Jewel-Osco, The Fresh Market, Walgreens, CVS/Pharmacy, Chase Bank, BMO Harris Bank, Bank of America, UPS Store, Lululemon, Egg Harbor Cafe, Rosati's Pizza, Starbucks and Dunkin', among many other national and local retailers.