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    28160 Hwy Lake Barrington, IL 60010

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    57,000 SF Medical Office, 48% Leased

    Property size:
    57,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A medical office building, located at 28160 W Northwest Hwy, Lake Barrington, IL 60010, presents a compelling investment opportunity. The 57,000 square foot building, constructed in 2008 and extensively renovated in 2022, sits on a 16-acre lot and boasts 337 parking spaces. Currently 48% leased, this two-story building offers significant value-add potential. Amenities include 24-hour access, controlled access, a security system, an atrium, and ample storage space. The building also features high ceilings, natural light, partitioned offices, a reception area, recessed lighting, Wi-Fi, air conditioning, hardwood floors, and a balcony. Additional conveniences include on-site banking, a conferencing facility, and nearby amenities such as a daycare, restaurant, golf course, and commuter rail access. The property is zoned B and has a Lake County APN of 13-28-203-020. This is an owner/user investment opportunity with significant upside potential in a desirable location. The building's modern design and extensive amenities make it an attractive option for medical professionals and tenants. The substantial parking and convenient location further enhance its appeal. This property offers a unique blend of functionality and potential for growth.

    Property Features for 28160 Hwy

    General Information

    Property type
    Medical offices
    Square Feet
    57,000 SF
    Class
    A
    Lot Size
    696,960 SF

    Building Details

    Year Built/Renovated
    2008/2022
    Buildings
    1
    Stories
    2

    HighLights

    • 57,000 SF Class A medical office building on 16 acres in Lake Barrington, IL.
    • 48% occupancy, offering significant value‑add potential.
    • Building features include 24‑hour access, atrium, controlled access, conferencing facility, and ample parking (337 spaces).
    • Recent renovations completed in 2022.
    • Amenities include a security system, Wi‑Fi, and on‑site food service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Lake Barrington
    County
    Lake
    State
    Illinois
    Longitude
    -88.183559600991
    Latitude
    42.180026611441

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    FAQs

    What type of property is this?
    Medical office - 57,000 SF Medical Office, 48% Leased
    Where is this medical office located?
    The property is located at 28160 Hwy Lake Barrington, IL.
    What are key features of this property?
    This property features: 57,000 SF Class A medical office building on 16 acres in Lake Barrington, IL.; 48% occupancy, offering significant value-add potential.; Building features include 24-hour access, atrium, controlled access, conferencing facility, and ample parking (337 spaces).
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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
    28160 Hwy Lake Barrington, IL 60010
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