January 9, 2024 – Brian Gerth of Horvath & Tremblay has successfully completed the sale of 321 W Northwest Highway, a vacant professional building in Barrington, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $520,000.
The property is located at 321 W Northwest Highway in Barrington, Illinois. The Property is improved by a two-story professional building with an attractive brick exterior. The building is comprised of 3,600 square feet and is situated on a 0.22-acre corner parcel of land. The Property was delivered vacant and offers the opportunity for a new owner to reposition the asset through the lease up of the vacant space to a single tenant user or multiple tenants. The building is perfect for an owner-user, and also offers the ability to redevelop the parcel. The Property is zoned B-1 General Service District. The Property is strategically located at the intersection of Carl Avenue and W Northwest Highway (US Route 14), the area’s primary commercial and commuter corridor. The trade area is centered around US Route 14 and the Barrington Metra Station, which is 1.1-miles away and features a Jewel-Osco, and several shopping centers and national retailers and restaurants that drive traffic to the area. The location is within 1.5-mile of Barrington High School, Middle School and Elementary School and is surrounded by affluent residential neighborhoods providing a robust and captive consumer base. Barrington is part of the Chicago Metropolitan area and is located 40 miles northwest of Chicago.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.