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401 DEERFIELD PKWY Buffalo Grove IL 60089-7048

APN 1528417001

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Details
Property Type Retail
Sub Type Bank
Building SqFt 4,680
Lot SqFt 108,542
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code B-3
Year Built 1995
Building Count 1
Opportunity Zone No
Sale NOI ******
Sale Cap Rate ******
Lease Type ******
Remaining Term ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Bank
Asking Details
Asking Price
$2,812,324
Asking Cap Rate
6.85%
Asking NOI
$192,644
Marketing Description

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Huntington Bank property positioned within the Chicago MSA in Buffalo Grove, Illinois.​ Buffalo Grove was ranked #1 city in the state of Illinois and #15 nationally in U.​S.​ News & World Report’s 250 Best Places to Live.​ Huntington Bank has exercised multiple renewal options, including most recently in December 2025, illustrating their commitment to this location.​ Each remaining renewal option contains rental escalations of the greater of 10% or the cumulative CPI, providing an investor with the potential for above market increases.​ Huntington Bank is an investment grade rated company (S&P: BBB+).​

The 4,680 square-foot property is situated on a signalized hard corner along Deerfield Road and Weiland Road, which experience a combined traffic count of over 33,700 vehicles per day.​ The site is advantageously located in Lake County (not Cook County) within Buffalo Grove.​ The property is adjacent to a major industrial corridor anchored by Rivian, Siemens, Tesla, Nemera, Kubota, Klein Tools, Sysmex America, and Leider Greenhouses, among others, which drives significant daytime population and traffic to the surrounding area.​ Additionally, the property is walkable to the Buffalo Grove Metra Station along the North Central Service line, providing direct rail access to downtown Chicago.​ The property benefits from an affluent and densely populated trade area, with over 207,000 people living within a five-mile radius and an average household income exceeding $204,000 within one mile of the property.​

Huntington Bancshares Incorporated is a $285 billion asset regional bank holding company headquartered in Columbus, Ohio.​ Founded in January 1866 as P.​ W.​ Huntington & Company, the firm has grown into one of the largest regional banks in the United States, with its primary subsidiary, The Huntington National Bank, operating more than 1,000 banking offices across the Midwest and beyond, including locations in Ohio, Michigan, Minnesota, Pennsylvania, Indiana, Illinois, Colorado, West Virginia, Wisconsin, Kentucky, and the Carolinas.​ Huntington and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services.​

Investment Highlights
  • ​Top-ranked community — Buffalo Grove was ranked #1 city in the state of Illinois and #15 nationally in U.S. News & World Report’s 250 Best Places to Live (Link to Article)
  • ​Positioned within the Chicago MSA – Ranked #3 in the United States for population size
  • ​Investment-grade rated – Standard & Poor’s: BBB+
  • ​NNN lease
  • ​Strong escalations in each remaining option period - greater of 10% or the cumulative CPI
  • ​Huntington Bank has exercised multiple renewal options, including most recently in
  • ​December 2025, illustrating their commitment to this location
  • ​Expansive 2.5-acre parcel with 5 drive-thru lanes
  • ​Favorable Lake County location (NOT Cook County)
  • ​Signalized hard corner along Deerfield Road & Weiland Road (33,700+ VPD combined)
  • ​Affluent demographics - $204,000+ average household income within 1 mile
  • ​Dense trade area — 207,000+ residents within a 5-mile radius
  • ​Adjacent to major industrial corridor — Rivian, Siemens, Tesla, Nemera, Kubota, Klein Tools, Sysmex America, Leider Greenhouses, and more
  • ​Walkable to Buffalo Grove Metra Station (North Central Service)

Property Type
Property Type
Retail
Property Subtype
Bank, QSR/Fast Food, Gas Station
Asking Details
Asking Cap Rate
******
Marketing Description
Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire a single tenant Huntington Bank (S&P “A-“ Credit Rating) net leased asset located at 401 Deerfield Pkwy, Buffalo Grove, IL.​ This is an opportunity to acquire an asset with hands-off management at a proven location with attractive real estate fundamentals.​ The site is situated on an oversized 2.50-acre signalized corner lot along a major intersection in a desirable Chicago suburb.​ Surrounding retailers in the trade area include Target, Walgreen’s, Jewel-Osco, and Walmart, among others.​
Investment Highlights
  • Investment Grade Credit Rated “A-“ by S&P
  • Recently renewed lease showing commitment to the site
  • Oversized 2.50 Acre situated at a prime signalized corner
  • 10% escalations every 5 years
  • High Density Chicago Suburb with over 205,000 people within 5 miles
  • Affluent Area Demographics – Avg HH Income is over $157,000 within 1 mile
  • Growing National presence of tenant with recent announcement of $22 billion merger with TCF Bank
  • The subject property was previously branded as a FirstMerit Bank until Huntington Bank acquired FirstMerit in 2016. FirstMerit branch locations were subsequently re-branded with the Huntington Bank name as the institution continued to grow its national footprint.
Sale Date
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Sold Price
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Buyer Borrower 1 Corp Indicator
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Buyer Borrower 1 Name
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Buyer Borrower 1 Ownership Rights Code
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Mortgage Recording Date
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Document Number
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Document Type
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Mortgage Interest Rate
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Mortgage Loan Type
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Mortgage Lender Name
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Mortgage Adjustable Rate Rider
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Loan Amount
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Mortgage Document Date
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Mortgage Estimated Interest Rate Indicator
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Resale Flag
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Sales Price Code
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Mortgage Interest Rate Type
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Seller 1 Corp Indicator
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Transaction Type
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Mortgage Loan Trans Type
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Seller 1 Name
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Transfer Tax
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Sold By
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Sold To
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Loan History

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Financial History

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****** Data
Net Operating Income
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Reporting Date
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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
BT
Brad Teitelbaum PRO
LIC: IL 475128698
•••.•••.7637
brad@•••••••••••.com
Brokerage logo
Sold on
 BY:
EB
Evan Beeson PRO
LIC: IL 475182760
•••.•••.8784
evan@•••••••.com
Brokerage logo

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