Prime Barrington Retail/Office
237 E Main St, Barrington, IL 60010
Highly visible retail/office building in downtown Barrington for sale.
Type:Retail
Property size:
2,200 SFPrice / SF:
$238/SF- Added:
- Jul 2, 2024
- Days on Market:
- 690
- Last Refresh:
- May 12 at 10:54 pm
Property Features for 237 E Main St
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1956
Listing agent Jason Bitton License #IL475170841
Listing office RE/MAX Suburban
Listing date Jul 2, 2024
Source Crexi
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
HighLights
- Prime downtown Barrington location with high visibility and foot traffic.
- Well‑maintained, all‑brick building suitable for retail or office use.
- Main floor unit (1,546 SF) will be vacant upon closing, offering immediate occupancy.
- Existing tenant ("Grand Frame") provides immediate rental income with four years remaining on their lease.
- Potential to create a third unit by dividing the main floor space.
- Ten dedicated parking spots in front of the building, plus permit parking in a nearby village lot.
Overview
This well-maintained, all-brick building is located in the heart of downtown Barrington. The property offers flexibility and high foot traffic, making it suitable for service or retail businesses. The building includes a 1,546 square foot unit on the main floor, which is owner-occupied and will be vacant upon closing. Additionally, there is a 620 square foot unit leased to "Grand Frame" with four years remaining on their lease, and a 400 square foot unit on the second floor. The 1,546 square foot unit has the potential to be divided, allowing for a third unit if desired. The property includes ten parking spots in front of the building, with additional parking available in a nearby village-owned lot by permit. Its prime downtown location ensures exceptional visibility, attracting attention from both pedestrians and drivers. The property size is 2,200 square feet.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$339.3K
NOI $30,536 @ 9.00% cap · cautious / downside scenario
Moderate
$436.2K
NOI $30,536 @ 7.00% cap · market / base-case scenario
Aggressive
$610.7K
NOI $30,536 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| 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 Use Scenarios
Best Use
Retail
$436.2K
$381.7K – $508.9K
NOI $30,536 @ 7.0% cap · market cap 5.82%
Second Best
Office B
$433.3K
$379.2K – $505.6K
NOI $30,334 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$759.6K
$664.6K – $886.2K
NOI $53,169 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Places Nearby
- Barrington Flower Shop — 201 S Cook St, Barrington, IL 60010
Location Insight
- Map
- Local Demand
- City
- Barrington
- County
- Cook
- State
- Illinois
- Longitude
- -88.1335979
- Latitude
- 42.1540347
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Highly visible retail/office building in downtown Barrington for sale.
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 $525,000.
What are key features of this property?
This property features: Prime downtown Barrington location with high visibility and foot traffic.; Well‑maintained, all‑brick building suitable for retail or office use.; Main floor unit (1,546 SF) will be vacant upon closing, offering immediate occupancy.
