Historic Retail
For Sale
$950,000
201 S Cook Street, Barrington, IL 60010
Established flower shop property with adjacent parking in downtown Barrington.
Property Size3,527 SF
Price / SF$269.35
Days on Market168
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
Buildings
1
Stories
2
Listing Agency:
Better Homes & Gardens Real Estate
(708) 859-0909
Listed By:
Jennifer Valentino
(708) 859-0909
Source:
Gia-sells
Added: Mar 18
Changed: Aug 31
Last Checked: Aug 4 at 11:31AM
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.
This retail storefront property contains an established flower shop operation within a historic building with distinctive architectural character. An adjacent parking lot provides on-site customer parking and is included as part of the property offering. The site is zoned COMMR.
Located at 201 S Cook Street in downtown Barrington, the property sits within the community’s downtown district. The existing space is associated with a flower shop use and is also identified for retail, boutique, cafe, office, or redevelopment concepts.
Located at 201 S Cook Street in downtown Barrington, the property sits within the community’s downtown district. The existing space is associated with a flower shop use and is also identified for retail, boutique, cafe, office, or redevelopment concepts.
Key Highlights
- Established flower shop operation
- Historic building with distinctive architectural character
- Adjacent parking lot included with the property
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 - Established flower shop property with adjacent parking in downtown Barrington.
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 operation; Historic building with distinctive architectural character; Adjacent parking lot included with the property
