Prime Barrington Retail/Office
For Sale
Contact for pricing
237 E Main St, Barrington, IL 60010
Highly visible retail/office building in downtown Barrington for sale.
Property Size2,200 SF
Price / SF$238.64
Days on Market826
Property Features for 237 E Main St
General Information
Standard status
Active
Size
2,200 SF
Class
A
Property subtype
Retail
Zoning
B-5
Occupancy
30%
Lease Type
Gross
Investment Type
Owner/User
Building Details
Year Built
1956
Year Renovated
2022
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
RE/MAX Suburban
Listed By:
Jason Bitton · License #IL475170841
(847) 367-8686
Source:
Crexi
Added: Jul 2, 2024
Changed: Sep 29
Last Checked: Oct 4 at 6:13AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,536
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,720
$610.7K
Cap Rate 7%
$436,229
$436.2K
Cap Rate 9%
$339,289
$339.3K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$47.5K $21.60/SF
− Vacancy
−$3.9K −$1.77/SF
EGI
$43.6K $19.83/SF
− OpEx
−$13.1K −$5.95/SF
NOI
$30.5K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,720
Cap Rate 7%
$436,229
Cap Rate 9%
$339,289
Alternative Uses
Best Use
Retail
$436.2K
$381.7K – $508.9K
NOI $30,536 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,020
Businesses Nearby
112k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Dining 31%
Shops & Services 28%
Electronics 2%
Jewel-Osco
Groceries
27,240 visits/mo
0.3 miles
Heinen's Grocery Store
Groceries
14,403 visits/mo
0.4 miles
Shell
Shops & Services
11,867 visits/mo
0.3 miles
Starbucks
Dining
8,717 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
7,240 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- And All the Angels — 647 Dundee Ave, Barrington, IL 60010
- Little Leaf Inc. — 106 W Main St, Barrington, IL 60010
- Barrington Flower Shop — 201 S Cook St, Barrington, IL 60010
Frequently Asked Questions
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.
