Prime Barrington Retail/Office Building

237 E Main St, Barrington, IL 60010

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For Sale

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Highly visible retail/office building in downtown Barrington for sale.

Type:Retail

Property size:

2,200 SF

Price / SF:

$238/SF

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.

We can help!

Contact an agent

Jason Bitton

Learn more

For Sale

Contact for pricing

Highly visible retail/office building in downtown Barrington for sale.

Type:Retail

Property size:

2,200 SF

Price / SF:

$238/SF

Added:: Jul 2, 2024
Days on Market:: 735
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

We can help!

Contact an agent

Jason Bitton

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.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $30,536 @ 7.0% cap · market cap 5.82%

Second Best

Office B

$433.3K

$379.2K – $505.6K (±1% cap)

NOI $30,334 @ 7.0% cap · market cap 5.78%

Theoretical Best

Office A

$759.6K

$664.6K – $886.2K (±1% cap)

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

Suggested Use

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

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For sale
Storefront properties
IL
Barrington
60010
237 E Main St

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.