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Former Restaurant in New Strip
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1555 Deerfield Pkwy, Buffalo Grove, IL

2,792 SF former restaurant with patio in Buffalo Grove.

Property Size2,792 SF
Lot Size2.53 Acres
Days on Market485

Property Features for 1555 Deerfield Pkwy

General Information

Standard status Active
Size 2,792 SF
Lot size 2.53 Acres
Property subtype RETAIL
Listing Agency: CBRE | Chicago
Listed By: Sean McCourt
Source: Moodyscre
Added: Apr 2, 2025 Changed: Jul 6 Last Checked: Jul 21 at 6:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Chicago

Investment Insights

Based on property information with market context.

This 2,792 square foot former restaurant is located in a new strip center. The property is an end cap unit and includes a large dedicated patio. The fully built-out modern restaurant comes with all FF&E. The location offers direct frontage on Deerfield Parkway, across the street from Woodman’s Food Market, which has 2.4 million annual visits. Two pylon signs are present. The property benefits from high traffic volume, with 44,800 vehicles per day at the intersection of Deerfield Road and Milwaukee Avenue, and has five access points. A shared traffic light with Woodman’s enhances accessibility. The surrounding area has strong demographics, including a daytime population of 114,243 within a 3-mile radius and an average household income of $156,557.

Key Highlights

  • Fully Built‑Out Modern Restaurant with all FF&E included.
  • High Traffic Location: 44,800 Vehicles Per Day.
  • Excellent Visibility with Direct Frontage on Deerfield Parkway and 2 Pylon Signs.

Property Analytics

Current Use

MOD Pizza Restaurant

Suggested Use

Top Pick Auto Parts Store Real Estate Agency Pharmacy Parking Lot & Garage Electrical Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

818
Businesses Nearby
76k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 46% Shops & Services 30% Electronics 15% Beauty & Spa 6%
Chase Bank Shops & Services
12,326 visits/mo 0.1 miles
Panera Bread Dining
11,771 visits/mo 0.1 miles
Starbucks Dining
10,234 visits/mo 0.1 miles
T-Mobile Electronics
9,982 visits/mo 0.0 miles
Speedway Shops & Services
6,653 visits/mo 0.3 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Restaurant - 2,792 SF former restaurant with patio in Buffalo Grove.
Where is this restaurant located?
The property is located at 1555 Deerfield Pkwy Buffalo Grove, IL.
What are key features of this property?
This property features: Fully Built‑Out Modern Restaurant with all FF&E included.; High Traffic Location: 44,800 Vehicles Per Day.; Excellent Visibility with Direct Frontage on Deerfield Parkway and 2 Pylon Signs.
(312) 297-7688 Call to check price and availability
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