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    OFF-MARKET
    Land

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

    1.45 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 1.45 ac (63,162 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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