Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    206 N Cook St Barrington, IL 60010

    Sponsored
    For Sale
    $4,250,000

    LAND - Barrington, IL

    Lot size:
    2.01 Acres
    Days on Market:
    255
    Last Refresh:
    Jan 23 at 3:06 am

    Property Features for 206 N Cook St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    13363130100000
    Lot size
    2.01 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    We can help!

    Listing Contact
    Basel Tarabein
    Basel Tarabein

    TARABEIN INC. D/BA RE/MAX AT HOME (847) 255-1000 [email protected]

    Listing agent Basel Tarabein (847) 255-1970

    Listing date May 14, 2025

    MLS# 12359104 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Barrington Land Opportunity

    This 2.2-acre site is located in downtown Barrington and is suited for a luxury boutique hotel, upscale residential development, or a dynamic mixed-use project with retail at street level and residences above. The Village of Barrington welcomes collaboration with developers committed to enhancing the downtown experience. The site is located in one of the most desirable locations in the northwest suburbs. The property is zoned COMMR.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Barrington
    County
    Cook
    State
    Illinois
    Longitude
    -88.135246
    Latitude
    42.155891

    Nearby Similar for Sale

    • $695,000
      0.17 Acres

      Barrington Executive Center For Sale

      Three-unit commercial building in downtown Barrington near Metra station.
      102 N Cook St, Barrington, IL 60010
      View Details
    • $700,000
      0.42 Acres

      Barrington Commercial Building on Northwest Highway

      Highly visible commercial building in Barrington with flexible layout.
      122 W Northwest Hwy, Barrington, IL 60010
      View Details
    • New
      $147,900
      1,800 SF

      Barrington Office Suite in Complex

      Private office suite with storage in the Harris Office Complex.
      1531 S Grv Ave, Barrington, IL 60010
      View Details
    • $2,995,000
      1.73 Acres

      Historic Ice House Mall Opportunity

      Iconic mixed-use property in the heart of Barrington, Illinois.
      200 Applebee St, Barrington, IL 60010
      View Details
    • $999,000
      0.73 Acres

      Mixed-Use Investment Opportunity, Barrington, IL

      Mixed-use property near Downtown Barrington and Metra Train Station.
      215 S Northwest Hwy, Barrington, IL 60010
      View Details
    • $150,000
      0.66 Acres

      Barrington Village Mixed-Use Land

      Prime real estate in Barrington Village, suitable for mixed-use development.
      136 Grant St, Barrington, IL 60010
      View Details
    • $1,400,000
      2,300 SF

      Barrington Redevelopment Opportunity

      Freestanding building with drive-thru potential in high-traffic area.
      301 W Hwy NW, Barrington, IL
      View Details
    • $695,000
      12,309 SF

      Barrington Executive Center For Sale

      Three-unit building in downtown Barrington with long-term tenants.
      102-104 N Cook St, Barrington, IL
      View Details
    • $3,200,000
      25,800 SF

      Multi-Use Building on Barrington Road

      25,800 SF multi-use building with showroom, office, and warehouse.
      1435 S Barrington Rd, Barrington, IL 60010
      View Details
    • $179,000
      860 SF

      Updated Unit in Shorely Woods

      Updated 2nd-floor unit with new flooring and stainless steel appliances.
      565 Shorely Dr, Barrington, IL 60010
      View Details
    • $435,000
      2,705 SF

      Move-in Ready Boutique Office Building

      Two-story office building near downtown Barrington with flexible zoning.
      438 N Hough St, Barrington, IL
      View Details
    • $40,000
      0.03 Acres

      Barrington Retail Bakery Asset Sale

      Local bakery asset sale in prime Barrington location.
      121 Barrington Cmns Ct, Barrington, IL 60010
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.2-acre site ideal for hotel, residential, or mixed-use development.
    Where is this commercial land located?
    The property is located at 206 N Cook St Barrington, IL.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: - Prime 2.2-acre site in highly desirable downtown Barrington location.; - Exceptional investment opportunity with limitless potential for development.; - Ideal for luxury boutique hotel, upscale residential, or mixed-use project.
    (847) 255-1970
    Request Owner's contact information
    206 N Cook St Barrington, IL 60010
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    206 N Cook St
    Barrington, IL 60010
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 N Cook St Barrington, IL 60010
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Basel Tarabein
    Basel Tarabein
    Real Estate License ID: IL 471008459
    (847) 255-1970
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.