301 W Northwest Hwy 2,300 SF Retail Building Barrington, IL 60010 $1,100,000 ($478.26/SF) 5% Cap Rate

2,300 SF INCOME-PRODUCING RETAIL — 5% CAP RATE — ROUTE 14, BARRINGTON
Income-producing retail property on Northwest Highway (Illinois Route 14) in Barrington, one of the northwest suburbs' most heavily trafficked commercial corridors. The 2,300 SF building delivers a 5% cap rate at the $1,000,000 asking price, with strong visibility, signage presence, and approximately 23,600 vehicles per day passing the property (Illinois Department of Transportation, 2025 average annual daily traffic). Buy it as stable cash flow in one of Chicagoland's most affluent trade areas, or as a future owner-user location with income in place while you plan.
WHY THIS PROPERTY WORKS
Barrington retail on Route 14 rarely trades at this price point. This is an entry-priced, income-producing building in a village that draws from one of the highest household-income bases in the Chicagoland region — the demographics that keep retail vacancy low and resale demand deep. An investor gets day-one cash flow at a true 5% cap; a future owner-user gets a Route 14 address with income offset. B-1 zoning supports the full retail, restaurant, personal-service, medical and professional-office spectrum by right.
INVESTMENT SUMMARY
$1,000,000 asking price. 5% cap rate at asking on in-place income. 2,300 SF freestanding retail building. High-visibility Route 14 frontage with approximately 23,600 vehicles per day (IDOT 2025). All figures seller-provided; buyer to verify in due diligence.
LOCATION
Northwest Highway (Route 14) is the primary commercial spine through Barrington, connecting the village center to Fox River Grove, Cary and Crystal Lake to the northwest and Palatine and Arlington Heights to the southeast. The corridor supports a dense mix of retail, dining, service and professional users drawing on Barrington, Barrington Hills, South Barrington, North Barrington, Inverness, Lake Barrington and Tower Lakes — one of the most affluent combined trade areas in Illinois. Minutes to the Barrington Metra station and Route 59.
IDEAL FOR
Retail investor, net-lease investor, 1031 exchange buyer, cash-flow investment, single-tenant retail investment, owner-user with income, retail store, retail goods establishment, boutique, apparel store, gift shop, jewelry store, home goods store, home improvement showroom, design showroom, retail assembly and repair, restaurant, full-service restaurant, quick-serve restaurant, carry-out restaurant, cafe, coffee shop, bakery, ice cream shop, outdoor dining cafe, microbrewery retail, distillery retail, winery tasting room, personal services, hair salon, beauty salon, nail salon, spa, barbershop, medical office, dental office, orthodontist, dermatology, medical spa, professional office, corporate headquarters office, law office, accounting office, insurance agency, real estate office, travel agency, art studio, photography studio, academy, tutoring center, professional and vocational school, tailoring shop, shoe repair, mail service business, financial institution (upper-story by right; ground-floor special use), bank branch (special use), day care center (special use), veterinary office (special use), tavern (special use), wine bar (special use), indoor recreation (special use), theater (special use), auto sales (special use), auto repair (special use), fuel station (special use), car wash (special use), drive-thru (special use), hotel (special use), Barrington retail, Route 14 retail building, Northwest Highway commercial, Lake County retail investment, freestanding retail building for sale.
PROPERTY FACTS
2,300 SF freestanding retail building. $1,000,000 — 5% cap rate at asking. Route 14 (Northwest Hwy) frontage, approx. 23,600 VPD (IDOT 2025). Zoned B-1 General Business Service District, Village of Barrington. Barrington, Lake County, IL 60010.
Contact Jason Bitton — RE/MAX Commercial — 847-858-2909 — Jason@JasonCRE.com
ZONING: B-1 GENERAL BUSINESS SERVICE DISTRICT
Village of Barrington Zoning Ordinance (district confirmed on the Village's official zoning map and GIS, effective April 14, 2025). Permitted uses are allowed by right. Special uses require village review and approval and are not guaranteed. Verify all uses independently with the Village of Barrington before purchase. Broker makes no representation as to approvability of any use.
PERMITTED USES (BY RIGHT) INCLUDE: Retail goods establishments. Retail assembly and repair establishments. Personal services establishments. Restaurants — full-service sit-down, quick-serve, and carry-out (no drive-through), with accessory outdoor dining (outdoor cafe license). Microbrewery / distillery / winery, retail. Offices — professional, medical/dental, corporate headquarters, government. Financial institutions located entirely above the first story. Home improvement services. Art studios. Photography studios. Academies. Professional and vocational schools. Tailoring shops. Shoe repair shops. Travel agencies. Mail service businesses (2,000 SF or less). Accessory food uses.
SPECIAL USES (VILLAGE APPROVAL REQUIRED) INCLUDE: Financial institutions on the ground floor, with or without drive-through. Drive-through facilities associated with any use. Automobile sales, repair, rental, and fuel stations. Car washes. Boat/RV sales and service. Equipment rental. Day care centers. Veterinary offices. Kennels. Taverns. Theaters. Indoor recreation. Commercial amusement centers. Billiards halls. Miniature golf. Indoor flea markets. Laundromats. Dry cleaning / commercial laundry facilities. Funeral homes. Hotels/motels. Mini-warehouses. Medical cannabis dispensing organizations. Licensed massage establishments. Dwelling units above the first floor. Ambulance services. Planned developments.