Buffalo Grove, IL
Commercial Real Estate Market Trends & Data

$144 Avg asking sale price
$19 Avg asking lease rate
36,277 SF Avg unit lease size
36,101 SF Avg building size for sale
8.83% Average cap rate

Buffalo Grove's Demographic Profile

Buffalo Grove has 15,633 households and a median income of $123,170, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 41,644
# Households 15,633
Median age 44
Median household income $123,170
Avg household size 3.0
Renter-occupied housing units 3,009
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Buffalo Grove, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Buffalo Grove $81 24,799 SF 9.49%
Wheeling $147 22,978 SF 12.10%
Nearby Retail Markets Avg Cost/SF Typical Size
Buffalo Grove $265 26,269 SF
Lincolnshire $264 33,995 SF
Riverwoods $193 25,367 SF
Wheeling $359 31,900 SF
Long Grove $525 14,709 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Arlington Heights $288 66,069 SF 5.73%
Palatine $288 66,069 SF 5.73%
Glenview $438 4,664 SF 5.27%

Commercial Properties For Sale in Buffalo Grove

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1515 Busch Pky

Buffalo Grove, IL 60089

  • 25,367 SF Retail Building
  • $4,899,000
For Sale

275 W Dundee Rd

Buffalo Grove, IL 60089

  • 3,000 SF Office Building
  • $375,000
For Sale

Huntington Bank

Buffalo Grove, IL 60089

  • 4,680 SF Retail Building
  • 6.85% Cap Rate
  • $2,812,324
For Sale

47 W Dundee Rd

Wheeling, IL 60090

  • 8,800 SF Office Building
  • $925,000
For Sale

Tesla Sales, Service & Delivery

Buffalo Grove, IL 60089

  • 50,720 SF Retail Building
  • $29,028,000
For Sale

3.2-Acre TIF-Backed Development I Wheeling

Wheeling, IL 60090

  • 3.20 AC Lot
  • 1 Commercial Lot
  • $1,800,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Buffalo Grove pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Buffalo Grove $144 36,101 SF
Lincolnshire $153 63,934 SF
Riverwoods $193 55,092 SF
Wheeling $227 34,474 SF
Long Grove $437 19,369 SF

Regional Demographic Comparison

This comparison places Buffalo Grove alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Buffalo Grove or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Buffalo Grove 41,644 15,633 44 $123,170 3 3,009 -2%
Riverwoods 3,388 1,188 46 $195,974 3 209 -2%
Wheeling 39,441 15,240 41 $74,884 3 6,191 -2%
Long Grove 11,735 3,833 46 $200,417 3 444 4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Buffalo Grove, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Buffalo Grove

View All Commercial Real Estate For Sale in Buffalo Grove
Is Buffalo Grove a good market for a first-time commercial real estate investor?

Buffalo Grove offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Buffalo Grove?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Buffalo Grove. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Buffalo Grove?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Buffalo Grove. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Buffalo Grove compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Buffalo Grove. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Buffalo Grove acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Buffalo Grove, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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