Mixed-Use Building in Downtown
320 E Main Street Barrington, IL 60010
For Sale
$799,000
Pending
Updated commercial space with residential apartments in downtown Barrington.
Property Size2,000 SF
Days on Market308
Property Features for 320 E Main Street
General Information
- Standard status
- Pending
- Size
- 2,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency:
COLDWELL BANKER REALTY
(847) 301-3100
Listed By:
LISA GAGLIANO · License #475126007
Source:
Corcoran
Added: Sep 23, 2025
Changed: Jul 10
Last Checked: Jul 26 at 8:59AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Located on Main Street (Lake Cook Road) in Downtown Barrington, this mixed-use building presents an investment or owner-user opportunity. The main floor provides approximately 2,000 square feet of updated commercial space, previously used as a Medi-spa. The space includes a reception area, waiting room, six private offices, two restrooms, a kitchenette, and access to a rear porch. The second floor features two residential apartments. One is a two-bedroom, one-bathroom unit with an eat-in kitchen, living room, and a private porch. The other is a one-bedroom, one-bathroom unit with an eat-in kitchen, living room, and a private porch, currently occupied by a long-term tenant. The finished basement offers additional office space, multiple storage rooms, and a laundry area. The property has eight on-site parking spaces and is zoned B-2, allowing for a range of commercial uses.
Key Highlights
- Prime downtown Barrington location on Main Street (Lake Cook Road)
- Mixed‑use building with updated commercial space and two residential apartments
- Approximately 2,000 sq ft of updated commercial space suitable for various professional or wellness uses
Financial Insights For Mixed Use
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 | $60.0k | $30.00 |
| − Vacancy | −$6.0k | −$3.00 |
| EGI | $54.0k | $27.00 |
| − OpEx | −$20.3k | −$10.13 |
| NOI | $33.8k | $16.88 |
2,000 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$482.1K
$421.9K – $562.5K
NOI $33,750 @ 7.0% cap · market cap 4.22%
Second Best
Office B
$394.0K
$344.7K – $459.6K
NOI $27,577 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$690.5K
$604.2K – $805.6K
NOI $48,336 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
FAQs
What type of property is this?
Mixed-use property - Updated commercial space with residential apartments in downtown Barrington.
Where is this mixed-use property located?
The property is located at 320 E Main Street Barrington, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Prime downtown Barrington location on Main Street (Lake Cook Road); Mixed‑use building with updated commercial space and two residential apartments; Approximately 2,000 sq ft of updated commercial space suitable for various professional or wellness uses
