Historic Storefront with
For Sale
$950,000
201 S Cook Street, Barrington, IL 60010
Downtown commercial property with an established flower shop and adjacent parking lot.
Property Size3,527 SF
Days on Market19
Property Features for 201 S Cook Street
General Information
Standard status
Active
Size
3,527 SF
Property subtype
Business Opportunity
Zoning
COMMR
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$16,354
Building Details
Building Size
3,527 SF
Stories
2
Listing Agency:
Better Homes & Gardens Real Estate
(708) 721-1982
Listed By:
Jennifer Valentino
Source:
Jjillrealtygroup
Added: Aug 12
Changed: Aug 29
Last Checked: Aug 29 at 11:29AM
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 Better Homes & Gardens Real Estate
Investment Insights
Based on property information with market context.
Located at 201 S Cook Street in downtown Barrington, this historic storefront currently operates as an established flower shop. The building offers character-rich architectural details and an existing retail setup that can support continued floral operations or a different commercial concept.
An adjacent parking lot adds convenient customer access in the downtown setting. The property is positioned within an active district characterized by both pedestrian and vehicle traffic, with COMMR zoning. The space may also suit retail, boutique, café, or office use, subject to applicable approvals.
An adjacent parking lot adds convenient customer access in the downtown setting. The property is positioned within an active district characterized by both pedestrian and vehicle traffic, with COMMR zoning. The space may also suit retail, boutique, café, or office use, subject to applicable approvals.
Key Highlights
- Established flower shop at 201 S Cook Street
- Historic storefront with distinctive architectural character
- Adjacent parking lot provides on‑site customer parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,955
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$979,100
$979.1K
Cap Rate 7%
$699,357
$699.4K
Cap Rate 9%
$543,944
$543.9K
Market Conditions
NOI Build-Up for 3,527 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$76.2K $21.60/SF
− Vacancy
−$6.2K −$1.77/SF
EGI
$69.9K $19.83/SF
− OpEx
−$21.0K −$5.95/SF
NOI
$49.0K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$979,100
Cap Rate 7%
$699,357
Cap Rate 9%
$543,944
Alternative Uses
Best Use
Retail
$699.4K
$611.9K – $815.9K
NOI $48,955 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,240 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,020
Businesses Nearby
112k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Dining 31%
Shops & Services 28%
Electronics 2%
Jewel-Osco
Groceries
27,240 visits/mo
0.3 miles
Heinen's Grocery Store
Groceries
14,403 visits/mo
0.4 miles
Shell
Shops & Services
11,867 visits/mo
0.3 miles
Starbucks
Dining
8,717 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
7,240 visits/mo
0.5 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- And All the Angels — 647 Dundee Ave, Barrington, IL 60010
- Little Leaf Inc. — 106 W Main St, Barrington, IL 60010
- Barrington Flower Shop — 201 S Cook St, Barrington, IL 60010
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown commercial property with an established flower shop and adjacent parking lot.
Where is this storefront property located?
The property is located at 201 S Cook Street Barrington, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Established flower shop at 201 S Cook Street; Historic storefront with distinctive architectural character; Adjacent parking lot provides on‑site customer parking
