148 Northwest Hwy Barrington, IL 60010
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).
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.