Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    & 20th Cor Of Rt 14 Hwy Barrington, IL 60010
    Back to Search
    Property profile & analytics

    & 20th Cor Of Rt 14 Hwy Barrington, IL 60010

    View on Map
    • Land
    • 1.45 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for & 20th Cor Of Rt 14 Hwy

    Lot size
    1.45 lot acres
    Property type
    Land

    Description

    This exceptional 1.45-acre commercial land parcel presents a unique investment opportunity in the prestigious Barrington, Illinois market. Strategically located at the northwest corner of Route 14 (Northwest Highway) and 20th Street, this property boasts over 327 feet of frontage on Route 14, a major thoroughfare with a daily traffic count exceeding 27,900 vehicles. Its prime location places it within close proximity to established businesses, including Northern Trust Bank and the Foundry Retail Center, a thriving retail complex encompassing over 80,000 square feet. This high-visibility location offers unparalleled exposure for a variety of commercial ventures. The property is zoned Unincorporated Lake County, providing flexibility for potential development. The total acreage comprises approximately 1.45 acres, making it ideal for a range of uses, including restaurants, retail establishments, medical facilities, office spaces, or residential development. The property's 2018 tax assessment was $1,845. Currently priced at $439,999, this represents a significant price reduction and presents a compelling opportunity for investors and developers alike. Don't miss this chance to acquire a highly desirable commercial property in a thriving and affluent community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Barrington
    County
    Lake
    State
    Illinois
    Longitude
    -88.1487
    Latitude
    42.1621

    Comparable in this City

    • Value Estimation by Request
      4.76 Acres

      1191 Northwest Hwy

      Land • 4.76 Acres
      1191 Northwest Hwy, Barrington, IL 60010
      View Details
    • Value Estimation by Request
      4.33 Acres

      780 County Line Rd

      Land • 4.33 Acres
      780 County Line Rd, Barrington, IL 60010
      View Details
    • Value Estimation by Request
      15.52 Acres

      190 Penny Rd

      Self storage facilities • 13,796 SF
      190 Penny Rd, Barrington, IL 60010
      View Details
    • Value Estimation by Request
      2.00 Acres

      11 Executive Ct

      Land • 2.00 Acres
      11 Executive Ct, South Barrington, IL 60010
      View Details
    • Value Estimation by Request
      2,914 SF

      126-130 Applebee St

      Land • 2,914 SF
      126-130 Applebee St, Barrington, IL 60010
      View Details
    • Value Estimation by Request
      15.00 Acres

      28286 State Rte

      Retirement homes • 15.00 Acres
      28286 State Rte, Lake Barrington, IL 60010
      View Details

    Similar Nearby for Sale

    • $266,000

      Land Ready For Development

      5.314 acre parcel in prime Barrington location.
      27404 W Northwest Hwy, Barrington, IL 60010
      View Details
    • $100,000

      Vacant Land in Gated Community

      Vacant land in a luxury gated community with amenities.
      125 N Wynstone Dr, North Barrington, IL 60010
      View Details
    • $295,000

      Barrington Land For Sale

      Land available in Barrington, Illinois.
      650 George St, Barrington, IL 60010
      View Details
    • Contact for pricing

      Barrington Land For Sale

      Land available in Barrington, Illinois.
      20930 N 20Th St, Barrington, IL 60010
      View Details
    • $549,900
      1 SF

      Barrington Land For Sale

      One acre of land available in Barrington, Illinois.
      1412 South Barrington Rd, Barrington, IL 60010
      View Details
    • Contact for pricing

      South Barrington Estate Development Parcel

      Prime development land in South Barrington near I-90.
      18 S Freeman Rd, South Barrington, IL 60010
      View Details

    Similar Nearby for Lease

    • $240 SF/Yr
      2,573 SF

      Downtown Barrington Office Suites

      Four Suites, Prime Location, Parking
      50 Ela 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
    • 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

      Retail Space For Lease

      Retail space available for lease in Tower Lakes, Illinois.
      West Long Grove Rd, Tower Lakes, IL 60010
      View Details
    • $20 SF/Yr

      Lake Barrington Class A Office

      Class A office building with flexible spaces for lease.
      28160 W Northwest Hwy, Lake Barrington, IL 60010
      View Details
    • $240 SF/Yr

      Downtown Barrington Office Suite

      Spacious office suite with private balcony and convenient location.
      200 N Northwest Hwy, Barrington, 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.
    & 20th Cor Of Rt 14 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

    Thank You for Inquiry
    & 20th Cor Of Rt 14 Hwy, Barrington, IL, 60010
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!