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Investment Highlights
- Former specialty veterinary hospital with existing medical infrastructure.
- One-story building constructed in 2001.
- Features parking for approximately 100 vehicles.
- Includes MRI, CT imaging, and radiation treatment areas.
- Situated on approximately 3.65 acres in Lake County.
- Industrial zoning supports a variety of potential uses.
Executive Summary
1515 Busch Parkway presents the opportunity to acquire a specialized medical facility in Buffalo Grove, Illinois. The property consists of a one-story building constructed in 2001 and was previously operated as a specialty veterinary hospital. Its existing layout includes dedicated MRI, CT imaging, and radiation areas, along with exam rooms, offices, and supporting operational spaces. This configuration offers a foundation for users seeking a facility with infrastructure designed for specialized medical, veterinary, healthcare, office, or other institutional uses.
Situated on approximately 3.65 acres, the property combines an established building with a substantial land component that may support future adaptation, redevelopment, or alternative occupancy strategies. The industrial zoning designation provides flexibility for a variety of permitted uses, while the site's parking capacity and loading access enhance operational functionality. The existing floor plan can accommodate organizations seeking a multi-room environment with a combination of clinical, administrative, and support areas.
Buffalo Grove is located within the Chicago metropolitan area and benefits from access to major regional transportation corridors serving Lake County and the broader North Suburban market. The property's location near Milwaukee Avenue and Deerfield Road provides connectivity to surrounding business districts, residential neighborhoods, healthcare providers, and employment centers. This combination of specialized improvements, site scale, and regional accessibility creates an opportunity for owner-users, investors, and organizations seeking a facility with existing medical infrastructure and future repositioning potential.
Situated on approximately 3.65 acres, the property combines an established building with a substantial land component that may support future adaptation, redevelopment, or alternative occupancy strategies. The industrial zoning designation provides flexibility for a variety of permitted uses, while the site's parking capacity and loading access enhance operational functionality. The existing floor plan can accommodate organizations seeking a multi-room environment with a combination of clinical, administrative, and support areas.
Buffalo Grove is located within the Chicago metropolitan area and benefits from access to major regional transportation corridors serving Lake County and the broader North Suburban market. The property's location near Milwaukee Avenue and Deerfield Road provides connectivity to surrounding business districts, residential neighborhoods, healthcare providers, and employment centers. This combination of specialized improvements, site scale, and regional accessibility creates an opportunity for owner-users, investors, and organizations seeking a facility with existing medical infrastructure and future repositioning potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
25,367 SF
Year Built
1999
Price
$4,899,000
Price Per SF
$193.12
Percent Leased
1%
Building Height
1 Story
Building FAR
0.16
Lot Size
3.65 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-26-307-010 | Improvements Assessment | $948,479 |
| Land Assessment | $619,420 | Total Assessment | $1,567,899 |
Property Taxes
Parcel Number
15-26-307-010
Land Assessment
$619,420
Improvements Assessment
$948,479
Total Assessment
$1,567,899
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