500 Lake Cook Road, Deerfield, IL 60015 For Sale

Bid Deadline: September 10

On-Site Inspections: By Appointment Only

Corporate 500 is a rare opportunity to acquire the leasehold interest in a premier, institutional-grade office campus encompassing approximately 700,000 SF across four buildings. Situated on 31± park-like AC in Deerfield, Illinois, this offering provides investors and users with control of the existing building improvements and benefits of the related operating upside within one of the North Shore’s most established and desirable suburban office markets.

Designed by Shaw & Associates, this campus offers a downtown-quality office experience in a suburban setting, combining professional building design, expansive common areas, abundant underground and surface parking, onsite amenities and outdoor gathering spaces. Currently 72% leased to a diversified roster of 37 tenants, the asset combines durable in-place income with compelling upside potential. A weighted average lease term (WALT) of approximately 5.9 years provides income stability, while nearly 197,000± SF of available space offers a significant value-add lease-up opportunity.

Corporate 500 occupies a premier Deerfield location with immediate access to the Edens Expressway (I-94), Tri-State Tollway (I-294) and Edens Spur, providing exceptional connectivity to downtown Chicago, the North Shore, Lake County and the O’Hare corridor. The property’s proximity to both O’Hare International Airport and Chicago Executive Airport further enhances its appeal to regional, national and international occupiers. Located in one of Chicago’s most affluent and highly educated North Shore communities, Deerfield offers a median household income exceeding $181,000, more than 82% of adults with a bachelor’s degree or higher, and median owner-occupied home values above $623,000, supporting a highly skilled workforce and strong executive housing base.

The property is further strengthened by Lake County’s robust corporate and life sciences ecosystem, home to 163 life sciences companies, more than 23,000 employees and 51% of Illinois’ life sciences employment. Major employers including Abbott, AbbVie, Baxter, Amgen, Walgreens, Pfizer, Lundbeck and Fresenius Kabi reinforce the area’s long-term corporate presence, while Deerfield’s consistently high rankings for schools and quality of life continue to attract employers and talent. Together, these fundamentals position Corporate 500 as a compelling investment opportunity with durable tenant demand, excellent accessibility and meaningful long-term repositioning potential.

Hilco Global and First Financial Network in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.