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    Property profile & analytics

    28160 Hwy Lake Barrington, IL 60010

    • Office Properties & Spaces
    • 57,000 SF
    • 16.00 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Amit Arora M.D. / Nephrologist
    • Aarthi Vijaykumar, MD F.A.S.N. / Nephrologist
    • Cornerstone Risk Management / Insurance Agency
    • Cornerstone Benefits Management / Insurance Company
    • Barington Medical Development LLC / Medical Clinic

    Property Details for 28160 Hwy

    Year built
    2008
    Lot size
    16.00 lot acres
    Property size
    57,000 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional Class A medical office building, located at 28160 W Northwest Hwy, Lake Barrington, IL 60010, presents a compelling investment opportunity. The 57,000 square foot building, constructed in 2008 and extensively renovated in 2022, sits on a 16-acre lot and boasts 337 parking spaces. Currently 48% leased, this two-story building offers significant value-add potential. Amenities include 24-hour access, controlled access, a security system, an atrium, and ample storage space. The building also features high ceilings, natural light, partitioned offices, a reception area, recessed lighting, Wi-Fi, air conditioning, hardwood floors, and a balcony. Additional conveniences include on-site banking, a conferencing facility, and nearby amenities such as a daycare, restaurant, golf course, and commuter rail access. The property is zoned B and has a Lake County APN of 13-28-203-020. This is an owner/user investment opportunity with significant upside potential in a desirable location. The building's modern design and extensive amenities make it an attractive option for medical professionals and tenants. The substantial parking and convenient location further enhance its appeal. This property offers a unique blend of functionality and potential for growth.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Barrington
    County
    Lake
    State
    Illinois
    Longitude
    -88.1836
    Latitude
    42.18

    Comparable in this City

    • Value Estimation by Request
      57,000 SF

      29160 Northwest Hwy

      Medical offices • 57,000 SF
      29160 Northwest Hwy, Barrington, IL 60010
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    • Value Estimation by Request
      10,000 SF

      236 Northwest Hwy

      Medical offices • 10,000 SF
      236 Northwest Hwy, Barrington, IL 60010
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    • Value Estimation by Request
      57,000 SF

      28160 Northwest Hwy

      Office space • 57,000 SF
      28160 Northwest Hwy, Lake 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
      6,559 SF

      200 Northwest Hwy

      Office Properties & Spaces • 6,559 SF
      200 Northwest Hwy, Barrington, IL 60010
      View Details
    • Value Estimation by Request
      0.32 Acres

      1531 Grv Ave, Unit 104

      CONDOMINIUM OFFICES • 0.32 Acres
      1531 Grv Ave, Barrington, IL 60010-5250
      View Details

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    Similar Nearby for Lease

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    28160 Hwy
    Lake Barrington, IL 60010
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    Realmo Value Estimation

    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.

    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.

    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
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