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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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