Deerpath Plaza

Investment Overview

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.

Investment Highlights

• Rarely available commercial asset, well located at the corner of Deerpath Road and Oakwood Avenue in the heart of downtown Lake Forest, one of Chicago’s most affluent North Shore suburbs
• Mixed-Use commercial asset featuring an in-place NOI of approximately $592,000 at 74% occupancy, featuring value-add potential through lease-up and stabilization
• Diversified tenant roster of retail, medical, wellness, service, and professional office users, limiting exposure to any single tenant or use category