550 Lake Cook Rd, Deerfield, IL 60015

Colliers is pleased to introduce a truly once in a lifetime opportunity to acquire the Chicago Bulls former practice facility. Today, it is an income producing investment opportunity with upside potential. It is located on an out-parcel of a Corporate 500 Office Development in Deerfield, IL. with a building address of 550 Lake Cook Road. The property still boasts the original build-outs including the basketball court, corporate offices and new cooking facilities.

The building is anchored by the Felicity School – Chicago’s premier therapeutic day school designed to serve students who are eligible for special education services. The balance of the building is used for sports and event space. This space is rented to various sports related organizations including basketball and volleyball groups among others and used for functions, charities, birthdays and the like.

The property is offered unpriced. The current income is $415,528. There is meaningful room to grow the revenue by maximizing the sports and events space usage.

This property is a key piece of the Lake Cook Road / Waukegan Road corridor in Deerfield, which has been the subject of commercial and mixed-use development interest. The intersection and stretch of Lake Cook Road in Deerfield is considered a high-profile commercial corridor in the North Shore suburbs.

For example, that corridor is home to retail centers, corporate offices, and new residential development. Being located here means access to a strong suburban market, good infrastructure, and visibility.

Strong schools, safe residential neighborhoods, good mix of living and working locally (less dependence on long commutes), active recreation, parks, and nearby nature/trails.

Deerfield’s proximity to O’Hare and Chicago Executive Airport is a major strength for both residents and corporate employers — it’s one of the reasons why so many companies (like Walgreens and Fortune Brands) base their headquarters there.