Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29160 Northwest Hwy Barrington, IL 60010

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A Medical Office Suites Available

    Lot size:
    57,000 SF

    Property Features for 29160 Northwest Hwy

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    57,000 SF
    Class
    A
    Total Rate
    57000

    Spaces For Lease

    at 29160 Northwest Hwy, Barrington, IL 60010 Contact us
    Unit 103A

    $20 /Mo

    Size
    5,202 SF
    Contact us
    Unit 217

    $20 /Mo

    Size
    3,280 SF
    Contact us
    Unit 201

    $20 /Mo

    Size
    5,645 SF
    Contact us
    Unit 208

    $20 /Mo

    Size
    5,227 SF
    Contact us
    Unit 124

    $12 /Mo

    Size
    724 SF
    Contact us
    Unit 103

    $12 /Mo

    Size
    345 SF
    Contact us
    Unit 214

    $20 /Mo

    Size
    3,296 SF
    Contact us
    Unit 203

    $12 /Mo

    Size
    5,759 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Theron May
    Theron May

    Listing Agent: Theron May

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

    Learn more

    Overview

    This exceptional Class A medical office building, located at 29160 W Northwest Hwy in Lake Barrington, IL 60010, offers 57,000 square feet of prime space. Built in 2008, the two-story building boasts generous, turnkey build-outs available for immediate occupancy. Multiple tenancy options are available, ranging from 345 square feet to 5,759 square feet, providing flexibility for practices of various sizes. The building features underground parking for the convenience of patients and staff, and enjoys stunning views of Flint Creek and a nearby nature preserve. The property is situated in Lake County and benefits from its convenient location near a variety of dining options, including The Onion Pub & Brewery, Subway, Kelsey Road House, Brunch Café, and Yummy Asian Bistro. This is a rare opportunity to secure high-quality medical office space in a desirable location with excellent amenities. The building's Class A condition ensures a professional and comfortable environment for both tenants and their clients. Eight individual spaces are currently available, offering a range of sizes to accommodate diverse needs. Contact us today to learn more about this exceptional opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Barrington
    County
    Lake
    State
    Illinois
    Longitude
    -88.1965266
    Latitude
    42.186688

    Nearby Similar for Lease

    • 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

      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 Suite

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

      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
      4,792 SF

      Barrington Commercial Building For Rent

      One-story commercial building with high visibility and ample parking.
      400 W Northwest Hwy, Barrington, IL 60010
      View Details
    • $297 SF/Yr
      3,887 SF

      Barrington Office Suites For Lease

      Multiple private office suites available in a well-maintained office park.
      720 Fox Glen Ct, Barrington, IL 60120
      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 Village.
      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
    • 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

    FAQs

    What type of property is this?
    Medical office - Class A Medical Office Suites Available
    Where is this medical office located?
    The property is located at 29160 Northwest Hwy Barrington, IL.
    What is the lease rate?
    The lease rate is $12-$20 SF/Yr.
    (773) 736-6461 Call to check price and availability
    Request Owner's contact information
    29160 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.
    29160 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
    29160 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Theron May
    Theron May
    Real Estate License ID: 471019986
    (773) 736-6461
    Learn more
    Google sign-in failed. Please try again or use another login method.