Property profile

1151 Mchenry Rd Buffalo Grove, IL 60089

OFF-MARKET
Retail properties & Spaces
41,455 SF 3.4 ac lot Built 1987
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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

Current use

Occupant on record · Public records
  • Business Service Center Corporate Office
  • Tutoring Service
  • Barber Shop
  • Real Estate Agency

Location

1151 Mchenry Rd Buffalo Grove, IL 60089
Buffalo Grove metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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