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    28039 Northpointe Pkwy Lake Barrington, IL 60010

    Sponsored
    For Sale
    $1,300,000

    14,444 SF Industrial Condo - $1.3M

    Property size:
    14,444 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A industrial condo, located at 28039 W. Northpointe Parkway, Unit 5, Lake Barrington, IL 60010, presents a unique investment opportunity. Boasting 14,444 square feet of net rentable space, this single-unit property is ideally suited for sports and recreational uses. Built in 2008 and renovated in 2016, the building features a substantial 30-foot clear ceiling height, providing ample space for various activities. The property is fully air-conditioned and benefits from zoned M-P.U.D. zoning, specifically permitting sports and recreational uses while prohibiting industrial applications. This prime location in Lake County offers easy access to major transportation routes, making it an attractive destination for businesses and individuals alike. The asking price for this exceptional property is $1,300,000. This is a rare opportunity to acquire a well-maintained, purpose-built facility in a desirable location. The property's size, features, and zoning make it an ideal investment for entrepreneurs seeking to establish or expand their sports or recreational ventures. Don't miss this chance to own a piece of Lake Barrington's thriving commercial landscape.

    Property Features for 28039 Northpointe Pkwy

    General Information

    Property type
    Specialty properties
    Square Feet
    14,444 SF
    Class
    A

    Building Details

    Year Built/Renovated
    2008/2016
    Units
    1

    HighLights

    • Class A industrial condo, 14,444 SF, located at 28039 W. Northpointe Parkway, Unit 5, Lake Barrington, IL 60010.
    • Single‑unit building, ideal for sports & recreation, built in 2008, renovated in 2016.
    • 30‑foot clear ceiling height, fully air‑conditioned.
    • Zoned M‑P.U.D., permitting sports & recreation uses.
    • Asking price: $1,300,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    The FattFro Zone Baseball Club Kids In Action Gymnastics Center ICE All-Stars Association Or Organization Battle House Laser ... Laser Tag Center Ice Allstar cheer ... Gym

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Barrington
    County
    Lake
    State
    Illinois
    Longitude
    -88.181262815752
    Latitude
    42.188481378062

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    FAQs

    What type of property is this?
    Specialty property - 14,444 SF Industrial Condo - $1.3M
    Where is this specialty property located?
    The property is located at 28039 Northpointe Pkwy Lake Barrington, IL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Class A industrial condo, 14,444 SF, located at 28039 W. Northpointe Parkway, Unit 5, Lake Barrington, IL 60010.; Single-unit building, ideal for sports & recreation, built in 2008, renovated in 2016.; 30-foot clear ceiling height, fully air-conditioned.
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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
    28039 Northpointe Pkwy Lake Barrington, IL 60010
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