Building Details

Building Size 8,191 SF

Year Built 1960

Stories 1

Units 6

Tenancy Multi

Listing Agency: Charles Rutenberg Realty of IL r**@crril.com

Listed By: Hui Li · License #475170817 Show Phone

Source: Fishmangroup

Added: Oct 19 Changed: Oct 23 Last Checked: Oct 23 at 1:23PM

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Investment Insights

Based on property information with market context.

This 8,191-square-foot mixed-use property was built in 1960 and has a tenant lineup that includes School of Rock in units 100, 102 and 108, Kate's little leaf in unit 106, Sagano Japanese restaurant in unit 110, and French 75 in unit 104. The restaurant is included in the sale.

The property is in Barrington, near the train station. Nearby development includes new condominiums and high-end residential construction.

Key Highlights

• 8,191 square feet
• Built in 1960
• School of Rock occupies units 100, 102 and 108

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$138,223

Cap Rate

4.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,764,460 $2.8M

Cap Rate 7%

$1,974,614 $2.0M

Cap Rate 9%

$1,535,811 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,191 SF

Gross rent

$245.7K $30.00/SF

− Vacancy

−$24.6K −$3.00/SF

EGI

$221.2K $27.00/SF

− OpEx

−$82.9K −$10.13/SF

NOI

$138.2K $16.88/SF

Area

Cook County, IL

Vacancy

10.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,764,460

Cap Rate 7%

$1,974,614

Cap Rate 9%

$1,535,811

Alternative Uses

Best Use

Mixed Use

$1.97M

$1.73M – $2.30M (±1% cap)

NOI $138,223 @ 7.0% cap · market cap 4.32%

Second Best

Specialty Retail

$1.96M

$1.71M – $2.29M (±1% cap)

NOI $137,117 @ 7.0% cap · market cap 4.29%

Theoretical Best

Office A

$2.83M

$2.47M – $3.30M (±1% cap)

NOI $197,959 @ 7.0% cap · market cap 6.19%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

R&I Law Group Law Firm Peggy Bailey, Baird ... Real Estate Agency Ronna Streiff, Baird ... Real Estate Agency Salli Renz, Baird ... Real Estate Agency Michelle Dorfman, Baird ... Real Estate Agency

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility Catering Service Computer & Electronic Repair Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

2,116

Businesses Nearby

146k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 37% Shops & Services 32% Groceries 28% Electronics 2%

Jewel-Osco Groceries

27,240 visits/mo 0.1 miles

McDonald's Dining

17,617 visits/mo 0.4 miles

Heinen's Grocery Store Groceries

14,403 visits/mo 0.2 miles

Shell Shops & Services

11,867 visits/mo 0.4 miles

Starbucks Dining

8,717 visits/mo 0.4 miles

Demographics for 60010, IL

46,365

Population

17,621

Households

2.6

Avg Household Size

47

Median Age

70%

College-Educated

97%

High-School Grad

74.1 sq mi

ZIP Area

626

Density / Sq Mi

$175,050

Median Household Income

$86,255

Median Earnings

$2,459

Median Rent

$622,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The sale includes a restaurant component alongside several named tenants.

Where is this mixed-use property located?

The property is located at 100 W Main Street Barrington, IL.

What is the asking price?

The asking price for this property is $3,199,900.

What are key features of this property?

This property features: 8,191 square feet; Built in 1960; School of Rock occupies units 100, 102 and 108