Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    750 Hastings Dr Buffalo Grove, IL 60089

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    22,501 SF single-tenant building with office and warehouse space.

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Steve Sullivan
    Steve Sullivan
    Source: Naiglobal

    Listing Agency: NAI Hiffman | Oakbrook Terrace Listing Agent: Steve Sullivan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Modern Office and Warehouse Space

    This standalone, single-tenant building offers a total of 22,501 square feet, featuring a modern, light-filled office buildout and flexible warehouse/service space. The office area comprises 7,248 square feet and includes 13 private offices. The property benefits from low Lake County real estate taxes. It is situated just off Lake Cook Road, adjacent to Chevy Chase Business Park, and is 1.4 miles from Route 83, providing convenient access to dining, transit, and established corporate neighbors. The building includes 26 car parking spaces, a 16-foot clear height, power at 200A and 120-208V, one truck dock, and two drive-in doors.
    Location Intelligence

    Current Use by Public Records

    Carlo Gavazzi Inc Factory

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Spiced Indian Catering

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo Grove
    County
    Lake
    State
    Illinois
    Longitude
    -87.9393913
    Latitude
    42.1600985

    Nearby Similar for Lease

    • Contact for pricing

      Professional Office Space Available

      Professional office space in Buffalo Grove with flexible layout.
      1401 Mchenry Rd, Buffalo Grove, IL 60089
      View Details
    • Sponsored
      Contact for pricing

      IL, Buffalo Grove - E Lake Cook Rd

      Discover many ways to work your way in Greenwich
      2150 Lake Cook Rd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing

      IL, Buffalo Grove - Busch Parkway

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      1450 Busch Pkwy, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing
      6,250 SF

      Buffalo Grove Retail Space Available

      New construction retail space for lease in Buffalo Grove, Illinois.
      1355 Dundee Rd, Buffalo Grove, IL 60089
      View Details
    • $9 SF/Yr
      75,760 SF

      Buffalo Grove Business Park Space

      Professionally managed business park with ample parking and modern amenities.
      1367-1407 Barclay Blvd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing
      39,995 SF

      Barclay Boulevard Available for Lease

      Lease opportunity in professionally managed Buffalo Grove business park.
      1278-1300 Barclay Blvd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing

      Buffalo Grove Warehouse with Office

      141,769 SF available for lease in Buffalo Grove.
      1400 Busch Pkwy, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing
      11,247 SF

      Furnished Office Space Available

      Move-in ready office space with modern amenities and convenient location.
      485 W Half Day Rd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing
      2,239 SF

      Arbor Creek Flex Space Available

      Office, flex, and industrial units for rent in Buffalo Grove.
      1530-1558 Barclay Blvd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing
      23,265 SF

      Class A Office Tower For Rent

      Class A office tower with abundant amenities and parking.
      2100 E Lake Cook Rd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing

      Turnkey Grocery Store Sublease Opportunity

      70,183 SF former grocery store with high-income demographics.
      450 West Half Day Rd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing
      50,000 SF

      New Spec Building on Parkway

      50,000 SF spec building in Buffalo Grove, available Spring 2020.
      990 Deerfield Pkwy, Buffalo Grove, IL 60089
      View Details

    FAQs

    What type of property is this?
    Flex space - 22,501 SF single-tenant building with office and warehouse space.
    Where is this flex space located?
    The property is located at 750 Hastings Dr Buffalo Grove, IL.
    What are key features of this property?
    This property features: - 22,501 SF standalone building with modern office and flexible warehouse/service space.; - Low Lake County real estate taxes.; - Light-filled modern office area with **13 private offices**.
    (847) 610-0123
    Request Owner's contact information
    750 Hastings Dr Buffalo Grove, IL 60089
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    750 Hastings Dr
    Buffalo Grove, IL 60089
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    750 Hastings Dr Buffalo Grove, IL 60089
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steve Sullivan
    Steve Sullivan
    (847) 610-0123 (630) 932-1234
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!