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N Milwaukee Ave & Deerfield Parkway
Riverwoods, IL 60015
Land For Sale
·
38.00 AC
Investment Highlights
- Daily traffic counts exceed 65,900 vehicles on Milwaukee Avenue and 15,919 vehicles on Deerfield Road
- The surrounding area is anchored by established national and regional tenants including Woodman’s Markets, Portillo’s, McDonald’s, and more!
- Supports a wide range of potential retail, mixed-use industrial, or longer-term land strategies.
- Buffalo Grove Station– (±1.5 miles, ~5-minute drive), offering direct commuter rail service to Downtown Chicago (Ogilvie Transportation Center)
Executive Summary
The property consists of multiple parcels totaling approximately 38 acres, with the northern ±8 acres zoned within the Village of Riverwoods and the southern ±30 acres currently unincorporated. This configuration provides flexibility for future annexation, zoning, and potential phased development.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 38.00 AC |
| Zoning | R-1, R-2 - Residential zoning | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 38.00 AC |
| Zoning | R-1, R-2 - Residential zoning |
1 Lot Available
Lot
| Lot Size | 38.00 AC |
| Lot Size | 38.00 AC |
Description
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.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $305,117 CAD | Total Assessment | $305,117 CAD |
Property Taxes
