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Property profile & analytics
OFF-MARKET
Office Spaces

28160 Northwest Hwy Lake Barrington, IL 60010

57,000 SF 16 ac lot Built 2008
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 2008
Total area 57,000 SF
Lot 16 ac (696,960 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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