Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1205 Northwest Hwy Barrington, IL 60010

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1205 Northwest Hwy Barrington, IL 60010

    View on Map
    • Retail properties & Spaces
    • 2,464 SF
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Excalibur Auto Spa / Car Wash
    • MARATHON / Gas Station

    Property Details for 1205 Northwest Hwy

    Year built
    1967
    Lot size
    1.00 lot acres
    Property size
    2,464 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This vacant gas station and convenience store, located at 1205 S Northwest Hwy in Barrington, IL (60010), presents a unique investment opportunity. The property sits on a one-acre lot in a B-1 zoned area and offers 2,464 square feet of retail space in a single-story building constructed in 1967. Currently vacant, the property is being sold as a Real Estate Owned (REO) asset, including the land and building. The asking price is $650,000, translating to $263.80 per square foot. Note that the underground fuel tanks require removal. No sales information is available as the station was previously closed. The property's address is a high-traffic corner location, offering significant potential for redevelopment or repurposing. The Cook County property features a single unit and is listed under APN 02-08-100-039-0000. Given the vacant status, the current Net Operating Income (NOI) is $0 and the cap rate is 0.00%. This presents a blank canvas for a savvy investor to create a profitable venture. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Barrington
    County
    Cook
    State
    Illinois
    Longitude
    -88.0978
    Latitude
    42.1359

    Comparable in this City

    • Value Estimation by Request
      1.00 Acres

      1205 Snw Hwy

      GAS STATION • 1.00 Acres
      1205 Snw Hwy, Barrington, IL 60010-5203
      View Details
    • Value Estimation by Request
      12,758 SF

      100-118 Main St

      Individual retail properties • 12,758 SF
      100-118 Main St, Barrington, IL 60010
      View Details
    • Value Estimation by Request
      13,000 SF

      105 Park Ave

      Individual retail properties • 13,000 SF
      105 Park Ave, Barrington, IL 60010
      View Details
    • Value Estimation by Request
      2,800 SF

      112 Main St

      Lifestyle centers • 2,800 SF
      112 Main St, Barrington, IL 60010
      View Details
    • Value Estimation by Request

      148 Northwest Hwy

      Office properties & Spaces
      148 Northwest Hwy, Barrington, IL 60010
      View Details
    • Value Estimation by Request
      12,608 SF

      310 James St

      Day care centers • 12,608 SF
      310 James St, Barrington, IL 60010
      View Details

    Similar Nearby for Sale

    • $499,000

      Gas Station with Repair Service

      Gas station with car repair service on busy main street.
      1205 S Northwest Hwy, Barrington, IL 60010
      View Details
    • Contact for pricing
      9,842 SF

      Second Generation Restaurant For Sale

      9,842 SF restaurant property with two attached buildings.
      109 S Cook St, Barrington, IL 60010
      View Details
    • $700,000
      7,101 SF

      Barrington Commercial Building For Sale

      Highly visible commercial building in Barrington with flexible layout.
      122 W Northwest Hwy, Barrington, IL 60010
      View Details
    • $475,000
      2,200 SF

      there is a 400 SF unit on the second floor. The 1

      546 SF unit has the potential to be divided
      237 Main St, Barrington, IL 60010
      View Details
    • Contact for pricing

      Retail Property in Barrington, IL

      Retail property available for sale in Barrington, Illinois.
      105 S Cook St, Barrington, IL 60010
      View Details
    • Contact for pricing
      8,700 SF

      Waterfront Restaurant and Entertainment Venue

      8,700 SF waterfront restaurant and entertainment venue for sale.
      614 Rawson Bridge Rd, Port Barrington, IL 60010
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Grocery Anchored Retail Space

      Retail space in Heinen’s anchored shopping center.
      530 North Hough 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
      2,050 SF

      Retail Space at Main Street

      Retail space available in Lake Zurich's business corridor.
      600-690 E Main St, Lake Zurich, IL 60010
      View Details
    • Contact for pricing
      4,610 SF

      Elgin Retail Space Available

      Corner retail space near downtown Elgin and I-90.
      611 Dundee Ave, Elgin, IL 60010
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Available For Rent

      Retail shop space available for rent.
      1020-1050 Summit St, Elgin, IL 60010
      View Details
    • Contact for pricing
      1,588 SF

      Retail Space in Elgin Galleria

      Retail space available in Elgin, Illinois, near transportation and amenities.
      3145 S 20Th St, Elgin, IL 60010
      View Details
    Request Owner's contact information
    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.
    1205 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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!