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    7650 Barrington Rd Hanover Park, IL 60133

    For Sale
    $9,281,250

    Long-term leased fitness center with over 9 years remaining.

    Property size:
    60,000 SF
    Lot size:
    3.16 Acres

    Property Features for 7650 Barrington Rd

    General Information

    Size
    60,000 SF
    Lot size
    3.16 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Fitness Center For Sale

    This property is a fitness center with a long-term, 15-year lease, with over 9 years remaining. The tenant is the largest non-franchised fitness operator in the nation, with over 700 locations in the United States and Canada. The fitness center ranks in the 87th percentile within a 15-mile radius and is the second-best LA Fitness in the local area. The property size is 60000 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    LA Fitness Gym GoGo Protein Bar ... Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    CrossFit Caliber, Shake House Club, Hanover Park Sports Complex, LA Fitness

    Location Insight

    • Map
    • Local Demand
    City
    Hanover Park
    County
    Cook
    State
    Illinois
    Longitude
    -88.1470094
    Latitude
    42.0097703

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    FAQs

    What type of property is this?
    Fitness center & gym - Long-term leased fitness center with over 9 years remaining.
    Where is this fitness center & gym located?
    The property is located at 7650 Barrington Rd Hanover Park, IL.
    What is the asking price?
    The asking price for this property is $9,281,250.
    What are key features of this property?
    This property features: - Long-Term Lease: Over 9 Years Remaining; - Largest Non-Franchised Fitness Operator in the Nation; - Strong Local Ranking: 87th Percentile within 15-Mile Radius
    (332) 345-2408
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    7650 Barrington Rd Hanover Park, IL 60133
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7650 Barrington Rd Hanover Park, IL 60133
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