400 Lake Cook RdDeerfield, IL 60015

Property Details for 400 Lake Cook Rd

Year built

1973

Construction

BRICK

Lot size

1.74 AC

Property size (Sq ft)

37,472 SF

Property type

Office properties

Property subtype

Office buildings

APN

16-33-400-011

APU

1633400011

Description

The 400 Center, located at 400 Lake Cook Road in Deerfield, Illinois (zip code 60015), offers a diverse range of office spaces for lease. This Class B building, totaling 34,765 square feet, sits on a 5-acre lot and features a two-story structure built in 1975, extensively renovated in 2016. The property is zoned for commercial use and includes convenient amenities such as elevators and ample parking. Suites range from 367 to 2,111 square feet, catering to various business needs. The building accommodates multiple tenants. Its strategic location offers excellent accessibility. The Metra train station (Milwaukee District North Line) is directly across the street, providing convenient access to Union Station. Pace Bus route 626 also serves the property, connecting Skokie and Lincolnshire. Major roadways are nearby, with the Tri-State Tollway (I-294) 1.4 miles west and the Edens Expressway (Route 41) 2.3 miles east. This versatile property is suitable for executive, creative, traditional, and medical office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $6,766,014

  6.5%

  $6,245,552

  7%

  $5,799,441

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,804,277

  Geo Method

  $4,880,728

• Alternative Use

  Use

  Valuation

  Residential

  $7,744,484

  Hospitality

  $7,093,906

  Educational

  $5,902,046

  Medical

  $6,105,027

  Retail

  $9,180,961

Location Insight

City

Deerfield

County

Lake

State

Illinois

Latitude

42.1535

Longitude

-87.8379

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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