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New Spec Building on Parkway
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990 Deerfield Parkway, Buffalo Grove, IL 60089

50,000 SF spec building in Buffalo Grove, available Spring 2020.

Space Size50,000 SF
Days on Market273

Property Features for 990 Deerfield Parkway

General Information

Standard status Active
Size 50,000 SF
Class A
Property subtype Office

Building Details

Building Size 50,000 SF

Spaces For Lease

at 990 Deerfield Parkway Contact us

Full Building

Size
50,000 SF
Type
Office Warehouse
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: NAI Hiffman
Listed By: Dennis Hiffman · License #475123922
Source: Naiglobal
Added: Nov 21, 2025 Changed: Aug 19 Last Checked: Aug 20 at 4:42AM

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 NAI Hiffman

Investment Insights

Based on property information with market context.

This new spec building is situated in the Covington Corporate Center Business Campus, a mixed-use park that includes office, research, high-tech, light industrial, and distribution spaces. Located on Deerfield Parkway, the property is easily accessible from I-94, Milwaukee Avenue, and Lake Cook Road. Deerfield Parkway has a traffic count exceeding 18,000 cars per day. The property is near the METRA Rail transit station and multiple Pace bus stops. The Village of Buffalo Grove is located 35 miles northwest of downtown Chicago and overlaps Cook and Lake Counties. The area is supported by advanced manufacturing and technology, with emerging high-tech products and processes in the manufacturing industry. The building is a 50,000 SF spec building and is expected to be completed in Spring 2020.

Key Highlights

  • Highly visible location on Deerfield Parkway within the Covington Corporate Center Business Campus.
  • Excellent access to I‑94, Milwaukee Avenue, and Lake Cook Road.
  • Immediate proximity to METRA Rail transit station and multiple Pace bus stops.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Auto Parts Store Pharmacy Auto Repair Shop Storage Facility Restaurant Grocery & Convenience Store

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

638
Businesses Nearby

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - 50,000 SF spec building in Buffalo Grove, available Spring 2020.
Where is this office building located?
The property is located at 990 Deerfield Parkway Buffalo Grove, IL.
What are key features of this property?
This property features: Highly visible location on Deerfield Parkway within the Covington Corporate Center Business Campus.; Excellent access to I‑94, Milwaukee Avenue, and Lake Cook Road.; Immediate proximity to METRA Rail transit station and multiple Pace bus stops.
More about this property
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