Current Use by Public Records
- Lifestyle centers
Property Details for 112 Main St
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional mixed-use property, located in the heart of downtown Barrington, Illinois (112 E Main St, 60010), presents a compelling investment opportunity. The 2,800 square foot building sits on a 2,884 square foot lot and features a two-story design. Currently 100% occupied, the property boasts a stabilized investment profile with a 6.10% cap rate and a pro-forma cap rate of 8.19%. The net operating income (NOI) is $45,045. The building comprises three units: two retail spaces totaling 1,400 square feet (1,000 SF and 400 SF respectively) and a 1,400 square foot space suitable for either office or residential use. Six private parking spots and a storage basement add significant value. The property is zoned B-4, allowing for a variety of uses, including but not limited to restaurants (carry-out, full-service, and quick-serve), retail establishments, personal service businesses, art studios, and office spaces. Detailed permitted uses are available upon request. The asking price is $550,000, representing a price per square foot of $196.43. This property is ideal for both investors seeking a strong return and owner-occupants looking for a versatile downtown location. The property's prime location at the corner of Lake Cook Road and Route 59 ensures high visibility and accessibility. This is a rare opportunity to acquire a fully leased, high-performing asset in a thriving downtown area.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Barrington
- County
- Lake
- State
- Illinois
- Longitude
- -88.1358
- Latitude
- 42.1544
