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28160 Hwy Lake Barrington, IL 60010

57,000 SF Medical Office, 48% Leased

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
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.

Highlights

  • 57,000 SF Class A medical office building on 16 acres in Lake Barrington, IL.
  • 48% occupancy, offering significant value-add potential.
  • Building features include 24-hour access, atrium, controlled access, conferencing facility, and ample parking (337 spaces).
  • Recent renovations completed in 2022.
  • Amenities include a security system, Wi-Fi, and on-site food service.

Property Details for 28160 Hwy

Property type
Office properties, Medical offices
Square Feet
57,000 SF
Class
A
Year Built/Renovated
2008/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
696,960 SF

Location Insight

City
Lake Barrington
County
Lake
State
Illinois
Latitude
42.180026611441
Longitude
-88.183559600991

FAQs

What type of property is this?
Office property - 57,000 SF Medical Office, 48% Leased
Where is the office property located?
The property is located at 28160 Hwy Lake Barrington, IL.
What are key features of this property?
This property features: 57,000 SF Class A medical office building on 16 acres in Lake Barrington, IL.; 48% occupancy, offering significant value-add potential.; Building features include 24-hour access, atrium, controlled access, conferencing facility, and ample parking (337 spaces).
How can I contact the broker?
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28160 Hwy
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