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    OFF-MARKET
    Retail properties & Spaces

    1151 Mchenry Rd, Buffalo Grove, IL 60089

    41,455 SF 3.4 ac lot Built 1987
    Property ID
    Property summary
    AI-generated overview

    Spoerlein Commons presents a prime retail investment opportunity in a thriving Buffalo Grove location. This attractive two-story shopping center, built in 1987, boasts 41,455 square feet of leasable space across six suites, situated on a 3.4-acre lot (148,540 square feet). The property offers excellent visibility, strategically positioned off heavily trafficked McHenry Road, experiencing over 30,000 vehicles per day. Currently, 4,979 square feet are vacant, providing immediate potential for new tenants. Available spaces range from 300 to 2,132 square feet, with a maximum contiguous space of 1,747 square feet, ideal for medical, office, or retail uses. The building features convenient amenities including 160 parking spaces and elevators. The zoning is C-3, allowing for a variety of commercial uses. The property's location within a densely populated, upscale residential area ensures a strong customer base. Pylon signage is available for enhanced visibility and brand recognition. This is a rare opportunity to acquire a well-established retail center in a high-demand area. The property's APN is 15-29-301-004 and 15-29-301-196.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1987
    Total area 41,455 SF
    Lot 3.4 ac (148,104 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Spoerlein Commons Business Service Center Corporate Office
    • Lake Cook Music Studio LLC Tutoring Service
    • Barber21 Barber Shop
    • Val-U-Rite Appraisal Co Real Estate Agency
    Value estimations
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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