Deerfield, IL Commercial Real Estate for Lease and Sale

Explore 83 listings of Deerfield commercial real estate for lease and for sale to find the best space for your business.

CRE Market Stats

1020 North Milwaukee Avenue

1020 North Milwaukee Avenue, Riverwoods, Deerfield, IL
For Lease

$22.00/SF/YR
Property

Office

64,858 SF
Availability

7 Spaces

4,324 SF
Year Built

1987
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ArborLake

1751 Lake Cook Rd, Deerfield, IL
For Lease

Contact for pricing
Property

Office
Availability

1 Space

53,859 SF
Year Built

1986
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747 Lake Cook Rd, Deerfield, IL

747 Lake Cook Rd, Cook County, IL
For Lease

$15.50 - $20.00/SF/YR
Property

Office

17,276 SF
Availability

5 Spaces

3,780 SF
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Class A Office Space for Lease | Riverwoods Corporate Center

2610 Lake Cook Road, Riverwoods, IL
For Lease

Contact for pricing
Property

Office
Availability

1 Space

9,658 SF
Year Built

2006
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Rare Large Site Development Opportunity - 46.27 Acres

2700 Lake Cook Rd, Riverwoods, Vernon Township, IL
For Sale

Contact for pricing
Property

Other
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111 Deer Lake Road

111 Deer Lake Road, Deerfield, IL
For Lease

$15.00/SF/YR
Property

Office

60,000 SF
Availability

2 Spaces

14,000 SF
Year Built

1988
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1650 Lake Cook Road

1650 Lake Cook Road, Deerfield, IL
For Lease

Contact for pricing
Property

Office

125,690 SF
Availability

5 Spaces

78,753 SF
Year Built

1998
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111 South Pfingsten Road

111 South Pfingsten Road, Deerfield, IL
For Lease

$28.00 - $29.00/SF/YR
Property

Office

120,927 SF
Availability

6 Spaces

46,887 SF
Year Built

1987
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Bannockburn Corporate Center

3000 Lakeside Drive, Bannockburn, IL
For Lease

Contact for pricing
Property

Office

209,225 SF
Availability

1 Space

12,187 SF
Year Built

1999
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2801 Lakeside Drive

2801 Lakeside Drive, Bannockburn, IL
For Lease

$19.00/SF/YR
Property

Office

98,680 SF
Availability

1 Space

5,091 SF
Year Built

1984
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Class A Office Space for Lease | Riverwoods Corporate Center

2610 Lake Cook Road, Riverwoods, IL
For Sale

Contact for pricing
Property

Office

9,658 SF
Year Built

2006
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Milwaukee Ave & Deerfield Rd Riverwoods, IL

MIlwaukee Rd and Deerfield Rd, Riverwoods, IL
For Sale

Subject To Offer
Property

VacantLand
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Bannockburn Green

2501-2585 Waukegan Rd, Bannockburn, IL
For Lease

Contact for pricing
Property

Retail

160,114 SF
Availability

14 Spaces

22,245 SF
Year Built

1985
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Bannockburn Lake Office Plaza II

2345 Waukegan Road, Bannockburn, IL
For Lease

Contact for pricing
Property

Office

104,214 SF
Availability

1 Space

36,358 SF
Year Built

1983
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570 Lake Cook

570 Lake Cook Road, Deerfield, IL
For Lease

$19.25/SF/YR
Property

Office

137,492 SF
Availability

2 Spaces

7,145 SF
Year Built

1984
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400 Lake Cook Road

400 Lake Cook Road, Deerfield, IL
For Lease

$15.50/SF/YR
Property

Office

37,472 SF
Availability

14 Spaces

14,341 SF
Year Built

1971
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Six Parkway North

6 Parkway Blvd N, Deerfield, IL
For Lease

Contact for pricing
Property

Office
Availability

1 Space

4,070 SF
Year Built

1998
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155 North Pfingsten Road

155 North Pfingsten Road, Deerfield, IL
For Lease

$17.50/SF/YR
Property

Office

119,265 SF
Availability

1 Space

16,653 SF
Year Built

1987
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Bannockburn Green

2525 Waukegan Rd, Bannockburn, IL
For Lease

$15.00 - $30.00/SF/YR
Property

Retail

160,114 SF
Availability

10 Spaces

21,528 SF
Year Built

1985
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Bannockburn Atrium

2275 Half Day Road, Bannockburn, IL
For Lease

Contact for pricing
Property

Office

127,300 SF
Availability

1 Space

31,397 SF
Year Built

1978
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400 Lake Cook Road

400 Lake Cook Road, Deerfield, IL
For Lease

$15.50/SF/YR
Property

Office

34,765 SF
Availability

14 Spaces

13,502 SF
Year Built

1971
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Waukegan Road & Half Day Road

Waukegan Road & Half Day Road, Bannockburn, IL
For Lease

Contact for pricing
Property

Retail
Availability

5 Spaces

0.87 Acre
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Corporate 500 Center - Phase I

510 Lake Cook Road, Deerfield, IL
For Lease

Contact for pricing
Property

Office

159,420 SF
Availability

3 Spaces

115,998 SF
Year Built

1986
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Outlot Restaurant Space with Drive-Through Potential

1211 Half Day Road, Bannockburn, IL
For Lease

Contact for pricing
Property

Retail

4,600 SF
Availability

1 Space

4,600 SF
Year Built

1985
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2401 Waukegan Road

2401 Waukegan Road, Bannockburn, IL
For Lease

Contact for pricing
Property

Office

48,472 SF
Availability

1 Space

46,455 SF
Year Built

1988
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111 South Pfingsten Road

111 South Pfingsten Road, Deerfield, IL
For Lease

$28.00 - $31.00/SF/YR
Property

Office

120,927 SF
Availability

4 Spaces

44,763 SF
Year Built

1987
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Deerfield commercial real estate market incorporates 7,605,617 square feet of office space across 61 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.

Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Deerfield commercial real estate market includes 1,270,747 square feet of retail space in a variety of settings.

Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Deerfield market, there is a total of 940,000 square feet of industrial property.

The listing inventory in Deerfield incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Deerfield is represented by Office space, which accounts for 664,647 square feet of available listings. Retail space available in Deerfield adds up to 124,772 square feet.

Meanwhile, most of the listings of commercial property for sale in Deerfield are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Deerfield is $16.43 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Deerfield can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Deerfield, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $21 per square foot. In particular, the property type commanding the highest lease rates in Deerfield was Retail space.

Conversely, the highest sale price last year was $34,898,000 that is located at 4 Parkway North.

The average size of a commercial property in Deerfield depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Deerfield, the average size of an office property is 149,130 square feet.
Retail properties here incorporate an average of 90,768 square feet.
Industrial space in Deerfield is in buildings that are, on average 313,333 square feet in size.

Deerfield, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Deerfield currently add up to 789,419 square feet. The market offers 24 active office listing(s), which amount to 664,647 square feet and account for 68% of commercial spaces on the market. Local retail availability includes 124,772 square feet across 11 retail space(s).

Property Type	Count of Listings	Total SF
Office	24	664,647
Retail	11	124,772

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Deerfield, IL. Currently, there is 612,396 square feet of commercial property for sale here , which includes 2 office building(s) for sale , 1 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	2	65,524
Retail	1	6,872
Industrial	2	540,000

Deerfield, IL Commercial Real Estate for Lease and Sale

1020 North Milwaukee Avenue

ArborLake

747 Lake Cook Rd, Deerfield, IL

Class A Office Space for Lease | Riverwoods Corporate Center

Rare Large Site Development Opportunity - 46.27 Acres

111 Deer Lake Road

1650 Lake Cook Road

111 South Pfingsten Road

Bannockburn Corporate Center

2801 Lakeside Drive

Class A Office Space for Lease | Riverwoods Corporate Center

Milwaukee Ave & Deerfield Rd Riverwoods, IL

Bannockburn Green

Bannockburn Lake Office Plaza II

570 Lake Cook

400 Lake Cook Road

Six Parkway North

155 North Pfingsten Road

Bannockburn Green

Bannockburn Atrium

400 Lake Cook Road

Waukegan Road & Half Day Road

Corporate 500 Center - Phase I

Outlot Restaurant Space with Drive-Through Potential

2401 Waukegan Road

111 South Pfingsten Road

Frequently Asked Questions

Deerfield, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Deerfield, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Deerfield, IL?

What factors affect the price of commercial real estate in Deerfield, IL?

What is the average rent for commercial space in Deerfield, IL?

What are the best areas for commercial real estate in Deerfield, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Deerfield, IL?

Deerfield, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us