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

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Charles Rutenberg Realty of IL

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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

Unlock full access to Insights Subscribe to Realmo Intelligence

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

Similar For Sale Nearby

See more

3-Unit Mixed-Use Building

102 N Cook Street, Barrington, IL 60010

$695,000

12,309 SF

View details

Mixed-Use Building in Downtown Barrington

320 E Main St, Barrington, IL 60010

$775,000

5,200 SF

View details

Mixed-Use Property with Retail Component

125 Barrington Commons Ct, Barrington, IL 60010

$3,650,000

28,693 SF

View details

Downtown Barrington Multi-Tenant Retail/Office Building

135 Park Ave, Barrington, IL 60010

Contact for pricing

12,264 SF

View details

Downtown Mixed-Use Development Site

206 N Cook Street, Barrington, IL 60010

$3,495,000

2.20 Acres

View details

Multi-Tenant Shopping Center

118 W Main Street, Barrington, IL 60010

$1,999,900

0.22 Acres

View details

Two-Unit Office Building

400 W Northwest Hwy, Barrington, IL 60010

$1,200,000

7,366 SF

View details

Retail Strip Mall with Ample Parking

114-120 S. Northwest Hwy, Barrington, IL 60010

Contact for pricing

5,780 SF

View details

Boutique Office Building For Sale

438 N Hough St, Barrington, IL 60010

$435,000

2,705 SF

View details

Turnkey Office Condominium Suite

1531 Grove, Unit 206 |, Barrington, IL 60010

$399,900

2,145 SF

View details

Eight-Office Business Condominium

1531 S Grove Avenue #205, Barrington, IL 60010

$399,900

2,100 SF

View details

Barrington Redevelopment Opportunity

301 W Northwest Hwy, Barrington, IL 60010

Contact for pricing

2,300 SF

View details

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