Commercial Real Estate Broker

Riverwoods, Illinois Commercial Real Estate

Buying, selling, or leasing commercial property in Riverwoods? Jason Bitton is the #1 RE/MAX Commercial broker in Illinois — serving Riverwoods and the surrounding market.

Get Started →(847) 858-2909

Riverwoods Commercial Real Estate Market

Riverwoods is a small, affluent village in Lake County known as the home of Discover Financial Services’ global headquarters. The village’s commercial real estate is dominated by corporate office along the Sanders Road and Milwaukee Avenue corridors, with limited retail and service commercial.

Market Highlights

  • ✓ Discover Financial Services global headquarters
  • ✓ Sanders Road corporate corridor
  • ✓ Affluent residential community
  • ✓ Milwaukee Avenue commercial corridor
  • ✓ Proximity to Deerfield and Lincolnshire corporate markets
  • ✓ Limited but premium commercial inventory

Property Types We Handle in Riverwoods

Office
Corporate headquarters, Class A office, and professional suites.
Retail
Limited neighborhood retail and restaurant serving residential and corporate base.
Investment Sales
Corporate office buildings and premium commercial assets.

Why Work With Jason in Riverwoods?

Riverwoods’ corporate-dominated market requires a broker who understands institutional real estate. Jason’s experience with corporate tenants, sale-leasebacks, and 1031 exchanges is essential for transactions in this market.

Maximum Exposure

Every Riverwoods listing syndicated across CoStar, LoopNet, Crexi Pro, MLS, and our investor network simultaneously.

Local Market Knowledge

Deep understanding of Riverwoods zoning, tenant demand, traffic patterns, and competitive dynamics — backed by data.

Full-Service Execution

From valuation through close — coordinating attorneys, lenders, inspectors, and municipal officials for a seamless deal.

What Can You Open in Riverwoods?

Riverwoods zoning by address

Look up a Riverwoods address

Street number and street; add the town if it is not Riverwoods. The lookup starts on its own when you pause.

The commercial, office and industrial districts in Riverwoods, with the uses allowed by right and the uses that need special-use approval — 6 districts, 132 listed uses, from the code checked October 2026. Open any district for its full list.

B-1 Neighborhood Business District — 4 permitted, 90 by special use

Keeps uses on individual lots narrow (bakeries, sweet shops, coffee shops and restaurants on lots of at least one acre) while allowing a much wider range of shops, services and offices through special uses, chiefly mixed-use planned developments on Milwaukee Avenue. Buildings up to 35 feet (45 feet in a mixed-use planned development). (§§ 9-5A-1, 9-5A-3, 9-5A-4 and 9-4B-4; Article B.)

Permitted by right: Bakeries, where all goods are sold on the premises at retail, Candy and ice cream shops (including frozen yogurt), Coffee shops, Restaurants — building up to 5,200 square feet and 325 seats; no drive-through; meals from 6:00 a.m. to 10:30 p.m. weekdays and 11:30 p.m. weekends; background entertainment by no more than two performers; alcohol only with meals

Special use approval required: "Low intensity general office uses", typically no more than one employee per 150 square feet of usable space — only as a small parcel special use (§ 9-5A-2E), Antique shops — only in an approved mixed use planned development (§ 9-5B-2A), Apparel and accessory stores — only in an approved mixed use planned development (§ 9-5B-2A), Appliance or equipment sales or repair stores — only in an approved mixed use planned development (§ 9-5B-2A), Art and school supply stores — only in an approved mixed use planned development (§ 9-5B-2A), Art galleries — only in an approved mixed use planned development (§ 9-5B-2A), Automobile dealerships and leasing agencies for new vehicles or used vehicles in conjunction with a new automobile dealership — only in an approved mixed use planned development (§ 9-5B-2A), Automobile parts stores — only in an approved mixed use planned development (§ 9-5B-2A), Automobile service station with convenience store — fuel and convenience automotive goods, with an accessory convenience store; EV charging may become the principal use; only in an approved mixed use planned development, with specific findings by the board (§ 9-5B-2B), Bakeries — only in an approved mixed use planned development (§ 9-5B-2A), Banks, savings and loans, credit unions, and mortgage companies providing financial services — only in an approved mixed use planned development (§ 9-5B-2A), Barbershops and beauty parlors — only in an approved mixed use planned development (§ 9-5B-2A), Bicycle sales and repair stores — only in an approved mixed use planned development (§ 9-5B-2A), Book, video and audio sales and rental stores, including books, magazines, tapes, records, discs (analog and digital) and any form of electronic media for recording and reproducing words, sounds or images, provided such material is of a nonpornographic nature — only in an approved mixed use planned development (§ 9-5B-2A), Building materials and garden supply stores — only in an approved mixed use planned development (§ 9-5B-2A), Camera and photography supply stores — only in an approved mixed use planned development (§ 9-5B-2A), Candy confectionary, and ice cream stores (including frozen yogurt) — only in an approved mixed use planned development (§ 9-5B-2A), Cannabis dispensary — permit revocable if the cannabis business license lapses; only in an approved mixed use planned development, with specific findings by the board (§ 9-5B-2B), Carpet and rug stores — only in an approved mixed use planned development (§ 9-5B-2A), Catalog showrooms — only in an approved mixed use planned development (§ 9-5B-2A), Catering establishments for the preparation, serving and delivery of meals or food items for consumption off premises at public or private functions — only in an approved mixed use planned development (§ 9-5B-2A), China and glassware stores — only in an approved mixed use planned development (§ 9-5B-2A), Coffee and tea stores (which may include incidental prepared food and beverages for consumption on or off the premises) — only in an approved mixed use planned development (§ 9-5B-2A), Commercial indoor recreation facilities, such as swimming pools, tennis courts, skating rinks or bowling alleys or similar uses that are enclosed in buildings and are operated on a commercial or membership basis for patrons of a shopping center or for members — only in an approved mixed use planned development (§ 9-5B-2A), Computer sales and servicing stores — only in an approved mixed use planned development (§ 9-5B-2A), Convenience blueprinting, photocopying and printing or shipping establishments — only in an approved mixed use planned development (§ 9-5B-2A), Dance schools — only in an approved mixed use planned development (§ 9-5B-2A), Day spas that provide a range of beauty and fitness services — only in an approved mixed use planned development (§ 9-5B-2A), Daycare centers — only in an approved mixed use planned development, with specific findings by the board (§ 9-5B-2B), Department stores — only in an approved mixed use planned development (§ 9-5B-2A), Destination restaurant — full-service, upscale, seated table service with nondisposable dishware; only in an approved mixed use planned development, with specific findings by the board (§ 9-5B-2B), Drive-through facilities — only for banks, pharmacies and prepared food shops, on sites with their address and primary driveway on Milwaukee Avenue or Deerfield Road; six stacking spaces per cashier (§ 9-5A-6), Drive-through lanes for a bank or similar financial institution or for a pharmacy or a drive-through lane for a prepared food shop — only in an approved mixed use planned development, with specific findings by the board (§ 9-5B-2B), Drop off dry cleaning and pressing establishments (provided the actual cleaning of dry goods occurs off premises) — only in an approved mixed use planned development (§ 9-5B-2A), Electronic products stores — only in an approved mixed use planned development (§ 9-5B-2A), Fabric stores — only in an approved mixed use planned development (§ 9-5B-2A), Fish markets — only in an approved mixed use planned development (§ 9-5B-2A), Florist stores — only in an approved mixed use planned development (§ 9-5B-2A), Fruit and vegetable markets — only in an approved mixed use planned development (§ 9-5B-2A), Furniture stores — only in an approved mixed use planned development (§ 9-5B-2A), Furrier shops offering the storage or conditioning of furs — only in an approved mixed use planned development (§ 9-5B-2A), Gardening stores — only in an approved mixed use planned development (§ 9-5B-2A), General and professional offices — only in an approved mixed use planned development, with specific findings by the board (§ 9-5B-2B), Gift and card stores — only in an approved mixed use planned development (§ 9-5B-2A), Grocery stores (which may include the direct retail sale of food items such as meats, cereals, grains, produce, baked goods, dairy products, canned and frozen prepared food products, beverages, cleaning supplies, pet food and supplies, pharmaceuticals, over the counter medicines, personal products, magazines, plants and other sundry and similar items) — only in an approved mixed use planned development (§ 9-5B-2A), Hardware stores — only in an approved mixed use planned development (§ 9-5B-2A), Health and wellness stores offering products for sale at retail, which may include products containing cannabidiol; however, 1) a health and wellness store shall not sell products that are permitted to be sold only by a licensed cannabis dispensary or which require a tobacco license from the State of Illinois, and 2) a health and wellness store that offers products containing cannabidiol shall not give away or sell such products to any person under 18 years of age — only in an approved mixed use planned development (§ 9-5B-2A), Health clubs or exercise facilities — only in an approved mixed use planned development (§ 9-5B-2A), Hobby stores, not including video or computer game parlors or other uses intended to attract and provide commercial indoor recreation, amusement or entertainment; however, the term hobby store shall not include a 'licensed establishment' as defined in the Video Gaming Act of the State of Illinois — only in an approved mixed use planned development (§ 9-5B-2A), Home furnishings, including retail sale of drapery, bedding and curtains — only in an approved mixed use planned development (§ 9-5B-2A), Hotels (which may have enclosed destination restaurants) — only in an approved mixed use planned development, with specific findings by the board (§ 9-5B-2B), Household appliance stores — only in an approved mixed use planned development (§ 9-5B-2A), Interior decorating stores — only in an approved mixed use planned development (§ 9-5B-2A), Jewelry/watch sales and repair stores — only in an approved mixed use planned development (§ 9-5B-2A), Leather goods and luggage stores — only in an approved mixed use planned development (§ 9-5B-2A), Licensed establishment, as defined in the Video Gaming Act of the State of Illinois, which offers video gaming terminals for play — subject to its liquor license limits; only in an approved mixed use planned development, with specific findings by the board (§ 9-5B-2B), Limited restaurant — only as a small parcel special use (§ 9-5A-2E), Lock and key service stores — only in an approved mixed use planned development (§ 9-5B-2A), Meat market or poultry stores (but no slaughter or stripping is permitted) — only in an approved mixed use planned development (§ 9-5B-2A), Mixed use planned developments — at least 3.5 acres with frontage on Milwaukee Avenue; buildings up to 45 feet (Article B, §§ 9-5B-3, 9-5B-8, 9-5B-11), Music schools — only in an approved mixed use planned development (§ 9-5B-2A), Musical instrument sales and repair stores — only in an approved mixed use planned development (§ 9-5B-2A), Office machine, service and supply stores — only in an approved mixed use planned development (§ 9-5B-2A), One automobile service station — under chapter 9 of this title, One self-storage facility — site of at least 4 acres with frontage on, and access solely from, Milwaukee Avenue; no more than five buildings; FAR 0.50, ISR 0.66, 35 feet (§ 9-5A-2B), Optical stores — only in an approved mixed use planned development (§ 9-5B-2A), Orthopedic and medical appliance stores — only in an approved mixed use planned development (§ 9-5B-2A), Package handling services — only in an approved mixed use planned development (§ 9-5B-2A), Painting and decorating stores — only in an approved mixed use planned development (§ 9-5B-2A), Pharmacies — only in an approved mixed use planned development (§ 9-5B-2A), Photography or artist studios — only in an approved mixed use planned development (§ 9-5B-2A), Picture framing stores — only in an approved mixed use planned development (§ 9-5B-2A), Plumbing supply and fixture stores — only in an approved mixed use planned development (§ 9-5B-2A), Prepared food shop — only as a small parcel special use (§ 9-5A-2E), Religious institutions as defined in section 9-2-3 of this title — only in an approved mixed use planned development, with specific findings by the board (§ 9-5B-2B), Restaurants (without drive-through facilities, and only a destination restaurant shall be allowed in any freestanding restaurant building) — only in an approved mixed use planned development (§ 9-5B-2A), Retail clothing stores — only in an approved mixed use planned development (§ 9-5B-2A), Retail shoe stores — only in an approved mixed use planned development (§ 9-5B-2A), Sales centers for mobile or wireless telecommunications carriers — only in an approved mixed use planned development (§ 9-5B-2A), Self-storage facility with no outside storage and with all indoor storage to be climate controlled — staffed on-site office; no more than three stories or about 35 feet; only in an approved mixed use planned development, with specific findings by the board (§ 9-5B-2B), Shoe, hat and leather repair stores — only in an approved mixed use planned development (§ 9-5B-2A), Small parcel special use — site under 3.5 acres, limited to the three uses below (§ 9-5A-2E), Sporting goods stores — only in an approved mixed use planned development (§ 9-5B-2A), Stationery stores — only in an approved mixed use planned development (§ 9-5B-2A), Tailor and dressmaking stores — only in an approved mixed use planned development (§ 9-5B-2A), Tobacco stores, provided smoking rooms are not allowed — only in an approved mixed use planned development, with specific findings by the board (§ 9-5B-2B), Toy stores — only in an approved mixed use planned development (§ 9-5B-2A), Travel bureaus — only in an approved mixed use planned development (§ 9-5B-2A), Upholstery repair stores — only in an approved mixed use planned development (§ 9-5B-2A), Uses devoted to village facilities, public facilities, or such other public or village uses as the board may from time to time direct — only in an approved mixed use planned development, with specific findings by the board (§ 9-5B-2B)

Read the Riverwoods zoning code →

O and R1 Office and Research District One — 6 permitted, 4 by special use

Low-intensity office and research campuses that protect the village's woodland character and buffer homes from Lake-Cook Road, Milwaukee Avenue, Deerfield Road and Saunders Road. Sites of at least 5 acres, FAR 0.14 and buildings up to 35 feet, or up to 58 feet under a large office campus special use. (§§ 9-5C-1, 9-5C-3 and 9-5C-12.)

Permitted by right: Conference Center — accessory to office or research uses, in separate buildings of up to 10,000 square feet; guest quarters limited to 4 consecutive days and 40% of the year, Governmental Facilities — libraries, police and fire stations, stormwater management and other public or village uses, when approved by the village board, Health Clubs — inside an office or research building (tennis courts and fitness trails excepted), employees only, no more than 10% of the building, Offices: Corporate, general, medical, business, professional or governmental offices — no sales or merchandise services except incidental; no open storage, Research Laboratories — wholly inside buildings with no offensive emissions; no open storage, Restaurants And Employee Cafeterias — part of an office or research building, employees only, no more than 10% of the building

Special use approval required: Health Clubs available to the general public (§ 9-5C-2D), Large office campus special use — sites of at least 75 acres, suited to a major corporate headquarters; FAR up to 0.3345, buildings up to 58 feet; employee daycare and parking garages and decks allowed (§ 9-5C-12), Religious institutions, Restaurants And Employee Cafeterias available to the general public (§ 9-5C-2C)

Read the Riverwoods zoning code →

O and R/C Office and Research Compatible District — 7 permitted, 2 by special use

Edge parcels on Lake-Cook Road or on Saunders Road south of Deerfield Road, next to the village's office and research campus: O and R1 uses by right, plus low-intensity hotels serving the corporate campus and small-parcel offices by special use. (§§ 9-5D-1, 9-5D-2 and 9-5D-4.)

Permitted by right: Civic, cultural, religious and educational uses when conducted in a building occupying a lot of less than one (1) acre in size, Conference Center — accessory to office or research uses, in separate buildings of up to 10,000 square feet; guest quarters limited to 4 consecutive days and 40% of the year, Governmental Facilities — libraries, police and fire stations, stormwater management and other public or village uses, when approved by the village board, Health Clubs — inside an office or research building (tennis courts and fitness trails excepted), employees only, no more than 10% of the building, Offices: Corporate, general, medical, business, professional or governmental offices — no sales or merchandise services except incidental; no open storage, Research Laboratories — wholly inside buildings with no offensive emissions; no open storage, Restaurants And Employee Cafeterias — part of an office or research building, employees only, no more than 10% of the building

Special use approval required: Hotel special use — hotels, residence inns, or daily or extended stay corporate lodging of no more than 140 rooms, with one restaurant of up to 2,500 square feet inside; site of 6 to 10 acres, Small parcel office compatible special use — office uses meeting the O and R1 requirements; site of 1 to 8 acres

Read the Riverwoods zoning code →

TBO Transitional Business Overlay District — 5 permitted, 6 by special use

Overlay on B-1 land next to a neighboring community's limited industrial district, allowing yard-type businesses compatible with that industry while the area moves toward mixed-use planned development. B-1 bulk rules apply, and every special use needs an annual occupancy permit. (§§ 9-5E-1 to 9-5E-4 and 9-5E-7.)

Permitted by right: Administrative offices accessory to the principal use located on the premises, Any permitted use in the B-1 neighborhood business district — bakeries, candy and ice cream shops, coffee shops and restaurants (§ 9-5A-1), Open space, noncommercial parks and nature preserves, Public uses, including wind energy conversion systems, Retail use accessory to the principal use located on the premises, but not in excess of one thousand (1,000) square feet of floor area in the building in which sales are conducted

Special use approval required: Container rental facility, Garden supply center, Lumber and material sales, Mixed use planned development — under Article B; the only B-1 special use allowed in the TBO district, Tree care contractor, Wood waste recycling center, if operated by a tree care contractor — only if its processing rules out on-site processing of stumps or logs over 3 inches in diameter

Read the Riverwoods zoning code →

B-2 Business Compatible District — 2 permitted, 5 by special use

For lots without arterial frontage that adjoin B-1 or TBO land and reach Milwaukee Avenue, Deerfield Road, Lake Cook Road or Saunders Road by private drives: single-family homes and a cultural center by right, plus low-intensity conference, office, dining and instructional uses by special use. Buildings up to 35 feet. (§§ 9-5F-1 to 9-5F-3 and 9-5F-6.)

Permitted by right: Cultural center — only while it keeps to the event limits in § 9-5F-9 (no more than 40 public events a year, 200 attendees per event), Permitted uses authorized in the R-1 42,000 square feet single-family residential district — single-family detached dwellings, community residences, home occupations and accessory uses (§ 9-4B-1)

Special use approval required: Conference facility, Early childhood facility, General office use, Private dining facility, Private instructional facility

Read the Riverwoods zoning code →

SS Automobile Service Stations District — 1 permitted

District for automobile service stations: at least 45,000 square feet of lot per station, one building of at least 1,250 square feet, one story or 12 feet tall, with an evergreen screen at least 8 feet high on lot lines shared with other districts. (§§ 9-9B-1, 9-9B-3, 9-9B-4 and 9-9B-9.)

Permitted by right: Automobile service stations as defined in section 9-2-3 of this title

Special use approval required: None listed.

Read the Riverwoods zoning code →

Source: Riverwoods Village Code, Title 9 (Zoning), current through Ord. 26-01-01 (January 20, 2026). Overlay districts, planned developments and parking rules can further limit what a specific parcel can do. Confirm any address with the Village before you sign or close — or run it through the Commercial Zoning Lookup.

Also Serving Nearby Markets

Click a town to learn more about our services in that market.

DeerfieldLincolnshireNorthbrookBuffalo GroveVernon HillsHighland Park

Ready to Buy, Sell, or Lease in Riverwoods?

Contact Jason directly to discuss your Riverwoods commercial real estate goals.

Get Started →(847) 858-2909