Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    148 S Northwest Hwy Barrington, IL 60010

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,187 /Mo

    Ground floor unit near Metra and Barrington's Central Business District.

    Lot size:
    0.40 Acres

    Property Features for 148 S Northwest Hwy

    General Information

    Standard status
    Active
    Lot size
    0.40 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Cassie Hillinger
    Source: Exitrealty

    Listing Agency: Keller Williams Success Realty Listing Agent: Cassie Hillinger

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

    Learn more

    Overview

    Retail/Office Space in Barrington

    The property is a 1702 square foot ground floor unit within a three-story brick building that houses a mix of retail and office tenants. It benefits from a location on Northwest Highway with a traffic count of 20,700. The property backs onto the Metra train parking lot and is situated adjacent to Jimmy Johns, Starbucks, and Moretti's Bar & Grill, and across from a CVS. Rent includes heat, air conditioning, electricity, refuse disposal, water, parking, common area maintenance, building maintenance, and taxes. Tenants are responsible for their own cable, phone, internet, and insurance. Additional signage is available. Ample parking is provided on two levels, accommodating 34 vehicles. The property is located approximately 800 steps from the Metra and Barrington Central Business District.
    Location Intelligence

    Current Use by Public Records

    KLM Insurance Agency, ... Insurance Agency Timekeepers Inc (Bike/Boat/Book/etc) Store Doan Counseling Psychotherapist Remedy Therapeutic Massage Alternative Medicine Practice Natural Serenity Gym & Fitness Center

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Barrington
    County
    Cook
    State
    Illinois
    Longitude
    -88.12873
    Latitude
    42.152494

    Nearby Similar for Lease

    • Contact for pricing
      17,424 SF

      Barrington Retail/Office Space For Rent

      Ground floor unit in a high-traffic Barrington location.
      148 S Northwest Hwy, Barrington, IL 60010
      View Details
    • Contact for pricing

      Barrington Office Space For Lease

      Office units available in downtown Barrington near Metra station.
      50 Ela St, Barrington, IL 60010
      View Details
    • Contact for pricing
      5,001 SF

      Barrington Commercial Building For Rent

      Free-standing commercial building with high visibility and ample parking.
      400 W Northwest Hwy, Barrington, IL 60010
      View Details
    • Contact for pricing

      Downtown Barrington Office Suite

      Spacious office suite in downtown Barrington near Metra station.
      200 N Northwest Hwy, Barrington, IL 60010
      View Details
    • Contact for pricing

      Downtown Barrington Office Suite

      Bright office suite in downtown Barrington near Metra station.
      200 N Northwest Hwy, Barrington, IL 60010
      View Details
    • Contact for pricing

      Downtown Barrington Office Suite

      Spacious office suite with private balcony and convenient location.
      200 N Northwest Hwy, Barrington, IL 60010
      View Details
    • Contact for pricing

      Downtown Barrington Office Space Available

      Prime office space in downtown Barrington near Metra train.
      115 E Station St, Barrington, IL 60010
      View Details
    • Contact for pricing

      Barrington Office Space For Rent

      Office space in the heart of downtown Barrington, Illinois.
      202 S Cook St, Barrington, IL 60010
      View Details
    • Contact for pricing

      Barrington Office Space For Rent

      Office space in the heart of downtown Barrington Village.
      202 S Cook St, Barrington, IL 60010
      View Details
    • Contact for pricing

      Downtown Barrington Office Space Available

      Office space in the heart of downtown Barrington.
      202 S Cook St, Barrington, IL 60010
      View Details
    • Contact for pricing

      Barrington Office Space For Rent

      Office space in the heart of downtown Barrington, Illinois.
      202 S Cook St, Barrington, IL 60010
      View Details
    • $22 SF/Yr

      Barrington Storefront on Main Street

      Storefront property in close proximity to downtown Barrington.
      429 W Main St, Barrington, IL 60010
      View Details

    FAQs

    What type of property is this?
    Retail space - Ground floor unit near Metra and Barrington's Central Business District.
    Where is this retail space located?
    The property is located at 148 S Northwest Hwy Barrington, IL.
    What is the lease rate?
    The lease rate is $3,187 /Mo.
    What are key features of this property?
    This property features: - Ground floor unit offering 1702 sf in a high-traffic location (20,700 count).; - Rent includes all major utilities, CAM, building maintenance, taxes, and parking.; - Ample parking available with 34 spots.
    (224) 633-9293
    Request Owner's contact information
    148 S Northwest Hwy Barrington, IL 60010
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    148 S Northwest Hwy
    Barrington, IL 60010
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    148 S Northwest Hwy Barrington, IL 60010
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cassie Hillinger
    Real Estate License ID: 471000332
    (224) 633-9293 (847) 381-9500 (312) 259-9055
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!