1250 Barclay BlvdBuffalo Grove, IL 60089

  • Commercial real estate
  • 2.87 AC
For Lease

Property Details for 1250 Barclay Blvd

Lot size
2.87 AC
Property type
Commercial real estate
APN
15-27-406-002
APU
1527406002

Description

This exceptional single-tenant office building, located at 1250 Barclay Boulevard in Buffalo Grove, Illinois, presents a unique investment opportunity. The property boasts a total of 17,939 square feet of well-designed office space within a larger 30,340 square foot building, situated on a substantial 2.88-acre lot (125,366 square feet). Constructed in 1995, this single-story building is classified as Class C and offers ample natural light with four sides of windows. The property's prominent location allows for excellent signage opportunities, enhancing visibility and brand recognition. The building is situated in the Central North submarket cluster of Lake County, Illinois, with a zip code of 60089. The zoning designation is currently unavailable. This property is perfect for a business seeking a substantial, single-tenant office space in a convenient and accessible location. The expansive lot size provides ample parking and potential for future expansion or development. The property's single-tenant occupancy simplifies management and provides a stable income stream. This is a rare opportunity to acquire a well-located, functional office building in a thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $25,837,750
    Hospitality
    $23,667,240
    Educational
    $19,690,866
    Medical
    $20,368,066
    Retail
    $30,630,236
1250 Barclay Blvd, Buffalo Grove, Illinois

Location Insight

City
Buffalo Grove
County
Lake
State
Illinois
Latitude
42.1742
Longitude
-87.9331
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$88,572
$303,314
$603,262
$906,576
-
$910,033
$1,809,967
$2,720,000

FAQs

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