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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

148 Northwest Hwy Barrington, IL 60010

Built 1960
Property ID
Property summary
AI-generated overview

This exceptional 1,702-square-foot ground floor office space is situated in a two-story brick building at 148 S Northwest Hwy #103, Barrington, IL 60010. Built in 1960 and renovated in 2020, this traditional office space is part of a multi-tenant building with a mix of retail and office occupants. The property boasts a highly desirable location on Northwest Highway, benefiting from significant traffic volume (17,200 vehicles daily in 2023). Its convenient proximity to the Metra train parking lot (approximately 800 steps away) and the Barrington Central Business District adds to its appeal. The building offers ample parking with 34 spaces across two levels. Rent includes heat, air conditioning, electricity, refuse removal, water, parking, common area maintenance (CAM), building maintenance, and taxes. Tenants are responsible for cable, phone, internet, cleaning, and tenant insurance. Additional signage opportunities are available. The property sits on a 0.4-acre lot and is zoned for commercial use. Enjoy the convenience of neighboring businesses such as Jimmy John's, Starbucks, Moretti's Bar & Grill, and a CVS. Available November 1st, 2024. The Barrington population is 10,476 (2023).

Property profile
Verified
Property type Retail properties & Spaces
Year built 1960
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
Current use
Occupant on record · Public records
  • KLM Insurance Agency, Ltd. Insurance Agency
  • Timekeepers Inc (Bike/Boat/Book/etc) Store
  • Doan Counseling Psychotherapist
  • Remedy Therapeutic Massage Alternative Medicine Practice Spa & Massage Center
  • Natural Serenity Gym & Fitness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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