Updated Feb 26, 2026
MI Homes Acquires Development Site From Sam Sciarretta In Buffalo Grove For $5.5M
301 Weiland Road
$5,500,000
Building Size
—
Asset Type
Development Site
Closing
Jan 28, 2026
About this deal
AI
The development site located at 301 Weiland Road, Buffalo Grove, has been sold for $5,500,000. This transaction was finalized on January 29, 2026. The site is characterized as a prime development opportunity in the Buffalo Grove market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,500,000
- Buyer: MI Homes
- Seller: Sam Sciarretta
- Buyer's Representative: Tom Svoboda - CBRE
- Seller's Representative: Mykola Syhlianyk - KOMAR
MI Homes acquired the property from Sam Sciarretta, with Tom Svoboda representing the buyer through CBRE and Mykola Syhlianyk representing the seller through KOMAR. The transaction reflects the ongoing development activities in the area.
On the Map
$5,500,000
Development Site
View full map
Buffalo Grove Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Buffalo Grove development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93