- Photos
- 1 of 11
Land For Sale • 38 AC
Located at 20821 N IL Route 21 in Deerfield, Illinois, this approximately 38-acre property is situated in Lake County with over 1,500 feet of frontage along Milwaukee Avenue. The site offers significant development potential, with the ability to accommodate up to 600,000 square feet and possible TIF incentives available through the Village of Riverwoods. The property consists of a north parcel of approximately 8 acres located within the Riverwoods TIF Area 1 and zoned R-1 Residential, along with approximately 30 additional acres in unincorporated Lake County zoned R-2 Residential. The location is well-suited for a variety of mixed-use, retail, and industrial development opportunities and benefits from excellent visibility and accessibility along a major transportation corridor.
| Daily traffic counts exceed 65,900 vehicles on Milwaukee Avenue and 15,919 vehicles on Deerfield Road |
| Supports a wide range of potential retail, mixed-use industrial, or longer-term land strategies. |
| The surrounding area is anchored by established national and regional tenants including Woodman’s Markets, Portillo’s, McDonald’s, and more! |
| Buffalo Grove Station– (±1.5 miles, ~5-minute drive), offering direct commuter rail service to Downtown Chicago (Ogilvie Transportation Center) |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Buffalo Grove Station (North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) | 4 min | - | 1.3 mi |
| Wheeling Station (North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) | 7 min | - | 3.0 mi |
| Airport | Drive | Walk | Distance |
| Chicago O'Hare International | 26 min | - | 16.4 mi |
| Chicago Midway International | 52 min | - | 29.9 mi |
Brian Buckingham
CBRE, Inc.
Brian Buckingham
CBRE, Inc.
