Share This Listing

Message

965 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

237 E Main St 2,200 SF 100% Leased Retail Building Barrington, IL 60010 $475,000 ($215.91/SF)

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Prime Downtown Location: Highly visible in downtown Barrington.
  • Ample Parking: Ten spots plus nearby village lot by permit.
  • Established Tenant: "Grand Frame" with a stable 4-year lease remaining.
  • Flexible Units: Potential for unit division for additional rental income.
  • Well-Maintained: All-brick property with structural integrity.

EXECUTIVE SUMMARY

Seize the opportunity to own a highly visible retail/office building in the bustling heart of downtown Barrington. This well-maintained, all-brick property offers flexibility and high foot traffic, making it perfect for service or retail businesses. The building currently features two units: a 1,546 SF unit on the main floor, which is owner-occupied and will be vacant upon closing, and a 620 SF unit leased to "Grand Frame" with four years remaining on their lease. Additionally, there is a 400 SF unit on the second floor. The 1,546 SF unit has the potential to be divided, allowing for a third unit if desired. The property includes ten convenient parking spots in front of the building, with additional parking available in a nearby village-owned lot by permit. Its prime downtown location ensures exceptional visibility, attracting attention from both pedestrians and drivers. This property's strategic location and structural integrity offer a unique opportunity for investors and business owners alike. Don't miss out on this prime downtown Barrington location.

FINANCIAL SUMMARY (ACTUAL - 2022)

ANNUAL ANNUAL PER SF
Gross Rental Income $13,200 $6.00
Other Income - -
Vacancy Loss - -
Effective Gross Income $13,200 $6.00
Taxes $13,013 $5.92
Operating Expenses - -
Total Expenses $13,013 $5.92
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2022)

Gross Rental Income
Annual $13,200
Annual Per SF $6.00
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $13,200
Annual Per SF $6.00
Taxes
Annual $13,013
Annual Per SF $5.92
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $13,013
Annual Per SF $5.92
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,200 SF
Building Class
C
Year Built
1930
Price
$475,000
Price Per SF
$215.91
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.10 AC
Zoning
B-5 - Retail/Office (Village Center East District )
Parking
10 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
73’ on Lake Cook Rd

AMENITIES

  • 24 Hour Access
  • Corner Lot
  • Tenant Controlled HVAC
  • Accent Lighting
Walk Score®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

BMO
Egg Harbor Cafe
Charles Schwab
Starbucks
Jewel-Osco
Heinen's Grocery Stores
Giraffe
Club Pilates
Jazzercise
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-01-103-001-0000
Land Assessment
$28,263 (2024)
Improvements Assessment
$30,614 (2024)
Total Assessment
$58,877 (2024)
Annual Taxes
$13,013 ($5.92/SF)
Tax Year
2022
  • Listing ID: 32323727

  • Date on Market: 7/2/2024

  • Last Updated:

  • Address: 237 E Main St, Barrington, IL 60010

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}