Downtown Retail/Office
237 E Main St Barrington, IL 60010
For Sale
Contact for pricing
Well-maintained, all-brick building with three units, including a main-floor space and an additional leased suite.
Property Size2,200 SF
Price / SF$215.91
Days on Market346
Property Features for 237 E Main St
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- RETAIL
Listing Agency:
Re/Max Suburban - Jason Bitton Team
(847) 858-2909
Listed By:
Jason Bitton · License #475170841
(847) 858-2909
Source:
Moodyscre
Added: Aug 12, 2025
Changed: Jul 23
Last Checked: Jul 23 at 2:39PM
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 Re/Max Suburban - Jason Bitton Team
Investment Insights
Based on property information with market context.
An all-brick retail/office building offers a flexible, multi-unit setup. The property features two units on the main floor and an additional 400 SF unit on the second floor. The larger 1,546 SF main-floor unit is owner-occupied and will be vacant upon closing, and the 620 SF main-floor unit is leased to Grand Frame with four years remaining on its lease. The 1,546 SF unit has the potential to be divided to create a third unit if desired.
Located in downtown Barrington on E Main St, the property is positioned for visibility to both pedestrians and drivers. Ten parking spots are available in front of the building, and additional parking is available in a nearby village-owned lot by permit.
With three total units across the building, this property can support a combination of owner occupancy and rental income while maintaining the option to reconfigure the largest main-floor space.
Located in downtown Barrington on E Main St, the property is positioned for visibility to both pedestrians and drivers. Ten parking spots are available in front of the building, and additional parking is available in a nearby village-owned lot by permit.
With three total units across the building, this property can support a combination of owner occupancy and rental income while maintaining the option to reconfigure the largest main-floor space.
Key Highlights
- Well‑maintained, all‑brick retail/office building in downtown Barrington with three units
- Main‑floor 1,546 SF unit is owner‑occupied and will be vacant upon closing
- Includes a 620 SF leased unit to “Grand Frame” with four years remaining on the lease
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.5k | $21.60 |
| − Vacancy | −$3.9k | −$1.77 |
| EGI | $43.6k | $19.83 |
| − OpEx | −$13.1k | −$5.95 |
| NOI | $30.5k | $13.88 |
2,200 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$436.2K
$381.7K – $508.9K
NOI $30,536 @ 7.0% cap · market cap 6.43%
Second Best
Office B
$433.3K
$379.2K – $505.6K
NOI $30,334 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$759.6K
$664.6K – $886.2K
NOI $53,169 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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
FAQs
What type of property is this?
Storefront property - Well-maintained, all-brick building with three units, including a main-floor space and an additional leased suite.
Where is this storefront property located?
The property is located at 237 E Main St Barrington, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Well‑maintained, all‑brick retail/office building in downtown Barrington with three units; Main‑floor 1,546 SF unit is owner‑occupied and will be vacant upon closing; Includes a 620 SF leased unit to “Grand Frame” with four years remaining on the lease
