112 Main St Barrington, IL 60010

Property Details for 112 Main St

Property size

2,800 SF

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.

Location Insight

City

Barrington

County

Lake

State

Illinois

Longitude

-88.1358

Latitude

42.1544