1151 Mchenry Rd Buffalo Grove, IL 60089
- Retail properties
- 41,455 SF
- 3.40 lot acres
Current Use by Public Records
- Spoerlein Commons / Business Center / Property Management Company
- Lake Cook Music Studio LLC / Music Instructor / Drum School
- Barber21 / Barber Shop
- Val-U-Rite Appraisal Co / Real Estate Appraiser
Property Details for 1151 Mchenry Rd
- Year built
- 1987
- Lot size
- 3.40 lot acres
- Property size
- 41,455 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buffalo Grove
- County
- Cook
- State
- Illinois
- Longitude
- -87.9831
- Latitude
- 42.1736
