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Deerpath Plaza 225 E Deerpath
1,250 - 8,300 SF of Space Available in Lake Forest, IL 60045
Highlights
- Excellent opportunity to join a class A retail/office building in downtown Lake Forest
- Lake Forest College, totaling over 1,500 students, and Lake Forest Hospital, Lake Forest's largest employer, are both approx one (1) mile away
- Lake Forest, totaling 19,000 residents and is one of the top 50 wealthiest cities in the country with an average household income of approx. $265,000
- The Property features an atrium, an elevator, underground parking totaling 62 spaces, along with signage along Deerpath Rd.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,300 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 2nd Floor | 1,250-6,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
225 E Deerpath - 1st Floor
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 an average household income of approx. $265,000. The multi-tenant retail/office building offers anywhere from 700 - 7,767 SF of ground-floor retail space and 1,250 - 1,809 SF of second-floor office space.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Underground parking.
225 E Deerpath - 2nd Floor
Excellent opportunity to join a class A retail/office building in downtown Lake Forest.
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Natural Light
- Signage along Deerpath Road.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 225 E Deerpath , Lake Forest, IL 60045
| Total Space Available | 8,300 SF | Center Properties | 1 |
| Min. Divisible | 1,250 SF | Gross Leasable Area | 48,898 SF |
| Center Type | Neighborhood Center | Total Land Area | 0.91 AC |
| Parking | 65 Spaces | Year Built | 1988 |
| Stores | 21 |
| Total Space Available | 8,300 SF |
| Min. Divisible | 1,250 SF |
| Center Type | Neighborhood Center |
| Parking | 65 Spaces |
| Stores | 21 |
| Center Properties | 1 |
| Gross Leasable Area | 48,898 SF |
| Total Land Area | 0.91 AC |
| Year Built | 1988 |
About the Property
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.
- Balcony
- Signage
Nearby Major Retailers
Contacts
-
Andrew Rubin -
Andrew Picchietti -
Zack Pearlstein -
Matt Tarshis -
Frontline Real Estate Partners
Presented by
Deerpath Plaza | 225 E Deerpath
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