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    1160 Lake Cook Rd Buffalo Grove, IL 60089

    Sponsored
    For Sale
    Contact for pricing

    Former grocery store, high traffic location

    Property size:
    61,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property in Buffalo Grove, Illinois, presents a significant investment opportunity. Located at the highly visible corner of Lake Cook and Arlington Heights Roads, this 61,650 square foot former Dominick's grocery store is the anchor tenant of an 87,425 square foot shopping center. The property boasts 18-foot clear ceiling heights and sits on a 5.67-acre lot, offering significant potential for redevelopment or repurposing. An additional ±26,627 square foot vacant outlot with approximately 145.5 feet of frontage on Lake Cook Road provides further development possibilities. The site benefits from exceptional visibility and accessibility, situated at the western end of Buffalo Grove's retail corridor, a prime location with high traffic counts: 38,158 vehicles daily on Lake Cook Road and 21,967 on Arlington Heights Road. The property is zoned B-3 PUD, general business, and is surrounded by a strong residential base, with 4,102 households within a one-mile radius. This presents a unique chance to acquire a substantial retail space with significant upside potential in a thriving market. The property's size, location, and zoning make it ideal for a variety of retail uses.

    Property Features for 1160 Lake Cook Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    61,650 SF
    Lot Size
    246,985 SF

    HighLights

    • 61,650 SF former grocery store with 26,627 SF vacant outlot.
    • 145.5' of Lake Cook Road frontage.
    • High‑traffic corner location at Arlington Heights and Lake Cook Roads.
    • Anchor space in an 87,485 SF shopping center.
    • 18' clear ceiling heights.
    • High traffic counts: 38,158 VPD on Lake Cook Rd, 21,967 VPD on Arlington Heights Rd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Maryann Bobek, PharmD Pharmacy Texas Monroe Pharmacy

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo Grove
    County
    Lake
    State
    Illinois
    Longitude
    -87.9836276
    Latitude
    42.1549244

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    FAQs

    What type of property is this?
    Individual retail property - Former grocery store, high traffic location
    Where is this individual retail property located?
    The property is located at 1160 Lake Cook Rd Buffalo Grove, IL.
    What are key features of this property?
    This property features: 61,650 SF former grocery store with 26,627 SF vacant outlot.; 145.5' of Lake Cook Road frontage.; High-traffic corner location at Arlington Heights and Lake Cook Roads.
    Request Owner's contact information
    1160 Lake Cook Rd Buffalo Grove, IL 60089
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    Realmo Value Estimation

    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.

    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.

    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
    1160 Lake Cook Rd Buffalo Grove, IL 60089
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