Mixed-Use Building in Downtown
For Sale
$775,000
320 E Main St, Barrington, IL 60010
Updated commercial space with residential apartments in downtown Barrington.
Property Size5,200 SF
Price / SF$149.04
Days on Market230
Property Features for 320 E Main St
General Information
Standard status
Active
Size
5,200 SF
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
Listed By:
Lisa Perry · License #475126007
(773) 818-1888
Source:
Tumpanelegacy
Added: Mar 10
Changed: Oct 15
Last Checked: Oct 7 at 4:04PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$60,324
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,206,480
$1.2M
Cap Rate 7%
$861,771
$861.8K
Cap Rate 9%
$670,267
$670.3K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$117.9K $22.68/SF
− Vacancy
−$8.3K −$1.59/SF
EGI
$109.7K $21.09/SF
− OpEx
−$49.4K −$9.49/SF
NOI
$60.3K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,206,480
Cap Rate 7%
$861,771
Cap Rate 9%
$670,267
Alternative Uses
Best Use
Mixed Use
$1.25M
$1.10M – $1.46M
NOI $87,750 @ 7.0% cap · market cap 11.32%
Second Best
Office B
$1.02M
$896.2K – $1.19M
NOI $71,699 @ 7.0% cap · market cap 9.25%
Theoretical Best
Office A
$1.80M
$1.57M – $2.09M
NOI $125,673 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,020
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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 St Barrington, IL.
What is the asking price?
The asking price for this property is $775,000.
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
