Current Use by Public Records
- Retail properties & Spaces
Property Details for 105 Park Ave
- Property type
- Retail properties & Spaces
- Property subtype
- Bars & Pubs
Description
This exceptional Barrington, IL commercial property, located at 105 S. Cook St / 207 Park Ave (zip code 60010), presents a unique investment opportunity. The property encompasses two attached, two-story buildings totaling approximately 13,000 square feet of interior space, situated on a combined lot size of 4,885 square feet. Formerly McGonigal's Pub, this versatile space is ideal for a variety of uses, including a multi-level bar/restaurant, law firm, architectural group, art gallery, or retail businesses. The property offers the potential for conversion to mixed-use, allowing for the development of residential units on the second floor. An ADA-compliant elevator services the second floor, and the property boasts a robust 220-volt electrical system. Benefit from its prime corner location and proximity to the upcoming 2M Park Avenue Plaza development (completion slated for 2025), which will feature outdoor dining and green spaces. The property is being sold AS-IS, and proof of funds is required before scheduling a showing. This property may qualify for Cook County Class 7a/7b or 7c incentive programs, potentially reducing property tax assessments for up to 10 years (7a/7b) or 3 years (7c). The 2022 real estate taxes were $108,882.90. This is a rare chance to acquire a substantial commercial property in a thriving location.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Barrington
- County
- Cook
- State
- Illinois
- Longitude
- -88.1347
- Latitude
- 42.1529
