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    237 Main St Barrington, IL 60010

    Sponsored
    For Sale
    $475,000

    Prime location, high visibility, flexible units.

    Property size:
    2,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Class A, 2,200 square foot retail/office building in downtown Barrington, IL is a fantastic investment opportunity. Located at 237 E Main St, this single-building property sits on a 0.104-acre lot and boasts a prime location with high visibility and foot traffic. Built in 1956 and extensively renovated in 2022, the building features two units: a 1,546 square foot main floor unit (currently owner-occupied, vacant upon closing) and a 620 square foot unit leased to Grand Frame with four years remaining on their lease. There's also a 400 square foot unit on the second floor. The main floor unit offers the potential for division, creating a third rental unit. Ten convenient parking spaces are located directly in front of the building, with additional parking available via permit in a nearby village-owned lot. The property is zoned B-5 and offers a gross lease type. The asking price is $475,000, with a price per square foot of $215.91. The net rentable square footage is 1,600 square feet, and current occupancy is 30%. This property presents a unique opportunity for owner-users or investors seeking a high-visibility, well-maintained retail or service business location in a thriving downtown area. The property's strong location and flexible layout make it an ideal investment for those seeking a high-return opportunity in a desirable market. The APN is 01011030010000.

    Property Features for 237 Main St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    2,200 SF
    Class
    A
    Lot Size
    4,530 SF

    Building Details

    Year Built/Renovated
    1956/2022
    Buildings
    1
    Units
    2

    HighLights

    • Prime downtown Barrington location with high visibility and pedestrian/vehicular traffic.
    • All‑brick building offering excellent curb appeal and structural integrity, suitable for retail or service businesses.
    • Three units totaling 2,566 square feet: 1,546 SF main floor (vacant at closing), 620 SF leased (4 years remaining), and 400 SF second floor.
    • Main floor unit divisible, creating a potential third rental unit.
    • Ten on‑site parking spaces plus additional permit parking nearby.
    • High‑traffic downtown location ideal for retail or service businesses, offering strong rental demand and visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Barrington
    County
    Cook
    State
    Illinois
    Longitude
    -88.133596544847
    Latitude
    42.154185243874

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    FAQs

    What type of property is this?
    Lifestyle center - Prime location, high visibility, flexible units.
    Where is this lifestyle center located?
    The property is located at 237 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: Prime downtown Barrington location with high visibility and pedestrian/vehicular traffic.; All-brick building offering excellent curb appeal and structural integrity, suitable for retail or service businesses.; Three units totaling 2,566 square feet: 1,546 SF main floor (vacant at closing), 620 SF leased (4 years remaining), and 400 SF second floor.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    237 Main St Barrington, IL 60010
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