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    1450 Busch Pkwy Buffalo Grove, IL 60089

    Sponsored
    For Lease
    $21 SF/Yr

    Single-story medical suites, 4 spaces available

    Lot size:
    64,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional single-story medical office building, located at 1450 Busch Parkway in Buffalo Grove, Illinois, offers 64,860 square feet of Class B space. Built in 2005, the property sits on a generous 6.37 acres of land in Lake County and features multiple tenancies. Currently, there are four available medical office suites ranging in size from 1,906 square feet to 8,105 square feet, perfect for a variety of medical practices. The building's convenient location in Buffalo Grove, with its zip code 60089, provides excellent accessibility for patients and staff. The property's single-story design ensures ease of navigation and accessibility for all. This is an outstanding opportunity to establish or expand your medical practice in a well-maintained and strategically located building. The ample space and flexible suite sizes allow for customization to meet the specific needs of various medical specialties. The property's substantial size and prime location make it an attractive investment for those seeking a strong presence in the thriving Buffalo Grove medical market. Interested parties are encouraged to inquire about the available suites and explore the possibilities this exceptional property offers.

    Property Features for 1450 Busch Pkwy

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    64,860 SF
    Class
    B
    Total Rate
    116207.5

    Building Details

    Year Built
    2005
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 150
    Size
    1,906 SF
    Rate per SF
    $21
    Space
    Suite 135
    Size
    3,820 SF
    Rate per SF
    $21
    Space
    Suite 110
    Size
    8,105 SF
    Rate per SF
    $21
    Space
    Suite 125-B
    Size
    3,102 SF
    Rate per SF
    $21

    HighLights

    • 64,860 SF Class B medical office building in Buffalo Grove, IL (60089).
    • Multiple medical office suites available, ranging from 1,906 SF to 8,105 SF.
    • Newly updated common areas with electronic tenant directory.
    • Signage opportunities available.
    • Abundant surface parking.
    • Excellent proximity to multiple local hospital systems.
    Property Profile Location Intelligence

    Current Use by Public Records

    Narapalem Hospital Illinois Bone and Joint ... Rehabilitation Center Affinity Healthcare: Charman ... Internist Dr. Mark M. ... Doctor IBJI Doctors’ Office ... Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo Grove
    County
    Lake
    State
    Illinois
    Longitude
    -87.9260104
    Latitude
    42.1729941

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    FAQs

    What type of property is this?
    Medical office - Single-story medical suites, 4 spaces available
    Where is this medical office located?
    The property is located at 1450 Busch Pkwy Buffalo Grove, IL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 64,860 SF Class B medical office building in Buffalo Grove, IL (60089).; Multiple medical office suites available, ranging from 1,906 SF to 8,105 SF.; Newly updated common areas with electronic tenant directory.
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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
    1450 Busch Pkwy Buffalo Grove, IL 60089
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