720 W Lake Cook Rd | Buffalo Grove, IL 60089
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- LoopNet Team
720 W Lake Cook Rd
Buffalo Grove, IL 60089
Chicago MSA Former Outback with FF&E · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Exceptional opportunity to acquire a former Outback Steakhouse with a full build out, FF&E, and tremendous upside through a strategic lease-up.
- Highly accessible asset at the signalized intersection of W Lake Cook Road and Weidner Road, exposing the property to over 40,000 vehicles daily.
- Nearby demand drivers include the Buffalo Grove Business Park, Buffalo Grove Town Center, Buffalo Grove Golf Club, and an assortment of local schools.
- Asset is well-positioned on a 1.10-acre lot within the Buffalo Grove Business Park, and the parcel has approximately 100 surface-level parking spaces.
- In the Chicago MSA w/ a 1-mile population above 13,500 residents, median household income above $113K, and food spending above $56M annually.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Building Size
6,210 SF
Building Class
C
Year Built/Renovated
1993/2001
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.13
Lot Size
1.10 AC
Parcel Number
03-05-100-023-0000
Zoning
B1 - Business district, limited retail.
Parking
98 Spaces (15.78 Spaces per 1,000 SF Leased)
Frontage
240’ on Lake Cook Road
AMENITIES
- Energy Star Labeled
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