Located on 47.45 acres, its anchor stores are Marshalls, The Dump Furniture Outlet, Office Depot, Hobby Lobby, Jewel Osco, and Floor & Decor.

Former anchors include Best Buy, Bally Total Fitness, Old Country Buffet, Blockbuster Video, GameStop, OfficeMax, Sports Authority, TJ Maxx, Venture, Wonder, The Great Indoors, Art Van Furniture and Bed Bath & Beyond.

Originally the internal theme of the mall was of a communal street scene with streetlamps and water fountains featuring brass frogs and other sculptures of aquatic marine life.

Other large retailers who vacated the mall, primarily as a result of the economic failure and reduction of the chains themselves, include Service Merchandise, Spiegel Outlet, John M. Smyth's Homemakers and Montgomery Ward.

Montgomery Ward also operated an auto repair and tire facility in a separate outbuilding immediately southeast of the main mall, built in 1986 and last occupied by Bally Total Fitness, and closed in the summer of 2012 the building was eventually torn down.

In 2017, the theater, storefronts, mall interior and Ulta Beauty were demolished to make way for new construction between Hobby Lobby, south and Art Van Furniture, north.

In 1998, Lendlease acquired Deerbrook Mall on behalf of one of its public pension fund clients from Valenti Builders, a Northfield, Illinois based company.