1151 Mchenry Rd, Buffalo Grove, IL 60089
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.
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Spoerlein Commons Business Service Center Corporate Office
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Lake Cook Music Studio LLC Tutoring Service
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Barber21 Barber Shop
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Val-U-Rite Appraisal Co Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.