Second-Floor Office
New
For Sale
$785,000
1411 Mchenry Road #227, Buffalo Grove, IL 60089
The flexible floor plan includes private offices, meeting rooms, shared work space, and a break room.
Property Size4,246 SF
Price / SF$184.88
Days on Market2
Property Features for 1411 Mchenry Road #227
General Information
Standard status
Active
Size
4,246 SF
Elevators
Yes
Property subtype
Commercial
Space & Availability
Floor
Second Floor
Condition
Move-in Ready
Additional Details
Asking Price
$785,000
Office Units
1
Property Use
Professional Office
Building Details
Year Built
2005
Owner Occupied
No
Listing Agency:
A&A Realtors LLC
Listed By:
Neena Narang · License #MRD29856
(847) 858-6747
Source:
Captivaterealestategroup
Added: Oct 28
Last Checked: Oct 28 at 4:12PM
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 A&A Realtors LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on the second floor of the Waterford Pointe office complex, this 4,246-square-foot office condominium was built in 2005. Its layout includes seven private offices with windows, two conference rooms, an open work area, a lunch and break room, and additional storage. Elevator access serves the suite, which is vacant and available for immediate occupancy.
The property is at 1411 McHenry Road in Buffalo Grove, near McHenry Road (Route 83) and Arlington Heights Road, with access to Lake Cook Road and Route 53. The office configuration supports a range of professional office functions, subject to applicable zoning and association approval.
The property is at 1411 McHenry Road in Buffalo Grove, near McHenry Road (Route 83) and Arlington Heights Road, with access to Lake Cook Road and Route 53. The office configuration supports a range of professional office functions, subject to applicable zoning and association approval.
Key Highlights
- 4,246‑square‑foot second‑floor office condominium
- Seven private, window‑lined offices and two conference rooms
- Open work area, lunch and break room, plus additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,545
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,900
$1.2M
Cap Rate 7%
$836,357
$836.4K
Cap Rate 9%
$650,500
$650.5K
Market Conditions
NOI Build-Up for 4,246 SF
Gross rent
$103.9K $24.48/SF
− Vacancy
−$25.9K −$6.10/SF
EGI
$78.1K $18.38/SF
− OpEx
−$19.5K −$4.60/SF
NOI
$58.5K $13.79/SF
Area
Lake County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,900
Cap Rate 7%
$836,357
Cap Rate 9%
$650,500
Alternative Uses
Best Use
Office B
$836.4K
$731.8K – $975.8K
NOI $58,545 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,617 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Explore this area
Business Placement
Demographics for 60089, IL
43,227
Population
16,551
Households
2.6
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
9.8 sq mi
ZIP Area
4,411
Density / Sq Mi
$129,932
Median Household Income
$70,514
Median Earnings
$2,042
Median Rent
$393,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The flexible floor plan includes private offices, meeting rooms, shared work space, and a break room.
Where is this office unit located?
The property is located at 1411 Mchenry Road #227 Buffalo Grove, IL.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 4,246‑square‑foot second‑floor office condominium; Seven private, window‑lined offices and two conference rooms; Open work area, lunch and break room, plus additional storage
