700 Osterman Ave, Deerfield, IL 60015 Property Records

Lake County property record for 700 Osterman Ave, Deerfield, IL 60015

Property Summary

Property TypeCommercial Building, Warehouse, Showroom
Details5,715 sqft · built 2002
Lot Size0.46 acres (20,038 sqft)
OwnerCompany Name on Record
Last Sale$1,440,000 (Jan 2021)
Tax Bill$45,173 (2024)
Deeds & MortgagesJan 2021 Sale & Mortgage
Jun 2018 Loan Modification
Flood ZoneZone X (minimal risk)
APN16-33-101-025

Property Details

APN / Parcel Number

Primary APN16-33-101-025

Interior

Units3 Units
Building Area5,715 sqft Gross Area
Fireplaces1 Fireplace
FireplaceFireplace

Exterior

Year BuiltBuilt 2002
Effective Year BuiltEffective 2002
Exterior MaterialBrick
Construction TypeBrick
Lot Area20,038 sqft (0.46 acres)
Parking Spaces1 Parking Space

Location & Zoning

Street Address700 OSTERMAN AVE
CityDEERFIELD
StateIL
Zip60015-4375
Property CategoryCommercial
Property TypeCommercial > Retail > Commercial Building, Warehouse, Showroom
Legal DescriptionTHE SHOPS AT DEERFIELD SQUARE SUB; LOT 3
Legal SubdivisionTHE SHOPS AT DEERFIELD SQUARE SUB
Legal Lot Number3
JurisdictionLAKE IL
Township / Civil DivisionWEST DEERFIELD
Census Block Group1
Census Block1000
Census Tract864904

Owner

Source: Lake County records, as of April 29, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordCompany Name on Record
Mailing Address700 OSTERMAN AVE, DEERFIELD, IL 60015-4375
Owner TypeCompany

Deeds, Mortgages & Sale History

DateDocument
Jan 11, 2021Warranty Deed, Transfer · Commercial Mortgage
UNION BANK & TRUST CO
Jun 10, 2018Loan Modification, Mortgage
MB FIN'L BK

Assessor's Deed Record

Deed NamesName on Deed
Last SaleJan 11, 2021 · Amount on Record
Deed SaleJan 11, 2021 · Amount on Record
Prior SaleFeb 11, 2014 · Amount on Record
Deed Document Number20217736865
Record UpdatedJun 8, 2026

January 2021: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionLAKE IL
Recording DateJan 11, 2021
Property Address700 OSTERMAN AVE, DEERFIELD, IL 60015-4375
Document Number0007736865
Map ReferenceDOC 4746622
Instrument DateNov 3, 2020
Instrument7736865
Transaction TypeTransfer
Record UpdatedMar 17, 2022
Title CompanyATTORNEY

Transaction

AmountAmount Recorded
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$1,440.00
Amount AccuracyRounded by County
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address700 OSTERMAN AVE, DEERFIELD, IL 60015-4375

Mortgage

Document Number0007736866
DateJan 11, 2021
Instrument7736866
Lender
NameUNION BANK & TRUST CO
TypeBank
Agreement
TypeCommercial Mortgage
AmountAmount Recorded

June 2018: Loan Modification, Mortgage

Document TypeLoan Modification
JurisdictionLAKE IL
Property Address700 OSTERMAN AVE, DEERFIELD, IL 60015-4375
Document Number0007498221
Instrument DateJun 10, 2018
Transaction TypeMortgage
Record UpdatedJul 26, 2018

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address30 W MONROE ST #1700 CHICAGO IL 606032417, 1700, CHICAGO, IL 60603-2417

Mortgage

Document Number0007498221
DateJul 13, 2018
Instrument7498221
Lender
NameMB FIN'L BK
TypeBank
AddressROSEMONT, IL 60018
Agreement
AmountAmount Recorded

Tax Assessment & Valuation

Source: Lake County assessment roll, as of April 29, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyLake County
County SubdivisionWest Deerfield Township
MunicipalityDeerfield Village
Elementary School DistrictDeerfield School District 109 (PK - 08)
Secondary School DistrictTownship High School District 113 (09 - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$513,323 (+4.84%) Land $150,703 Building $362,620$1,540,123 (+4.84%) Land $452,154 Building $1,087,969
2024$45,173.00 (+2.1%)$489,625 (+4.2%) Land $143,746 Building $345,879$1,469,022 (+4.2%) Land $431,281 Building $1,037,741
2023$44,243.00 (+29.42%)$469,890 (+22.98%) Land $137,952 Building $331,938$1,409,811 (+22.98%) Land $413,897 Building $995,914
2022$34,185.00$382,077 Land $137,014 Building $245,063$1,146,346 Land $411,083 Building $735,263

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective February 20, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Community Rating SystemClass 6 (20% premium discount)
Nearby Flood Policies1 in force
Nearby Flood Claims4 (1981–2010)
Claims Outside the SFHA1 of 4
Most Recent ClaimMay 2010 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemDEERFIELD
serves 19,196 people · EPA ID IL0974340
Water SourcePurchased surface water from HIGHLAND PARK
Last State InspectionOct 2025
Lead5 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and Reporting6
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 391 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable
2,000 / 250
Verizon
Fixed Wireless
300 / 20
T-Mobile
Fixed Wireless
100 / 20
AT&T
DSL · Fiber in parts of the area
100 / 20

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