102 Cook St Barrington, IL 60010
- Commercial real estate
- 0.17 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 102 Cook St
- Lot size
- 0.17 lot acres
- Property type
- Commercial real estate
- APN
- 13-36-318-007
- APU
- 1336318007
Description
This exceptional mixed-use property, located at 102 N Cook Street in the heart of Barrington, Illinois, presents a unique investment opportunity. Spanning 12,309 square feet, this three-unit building enjoys a highly visible location at the intersection of Cook and Main Streets, directly across from the community veteran's memorial and adjacent to the Metra Northwest train line. The building's strategic placement ensures high visibility to thousands of daily commuters by rail, car, and foot. Currently leased to three long-term tenants—a law office, dance studio, and piano bar—the leases extend through 2024, providing immediate and stable rental income. This presents an excellent opportunity for an investor to capitalize on existing income streams while exploring future growth potential. The property's prime location offers significant advantages, with close proximity to the vibrant downtown Barrington area, including a wide array of shopping, dining, entertainment venues, and the Metra station. Furthermore, the property benefits from its proximity to planned developments at Barrington's Golden Triangle and the historic Catlow Theater restoration project, promising further enhancement to the area's appeal and value. This is a rare chance to acquire a substantial piece of downtown Barrington real estate with significant upside potential, allowing the new owner to either maintain the existing income stream or create a new, exciting destination within the village.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $320,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $350,000
- Mixed-Use
- $330,000
- Hospitality
- $345,000
- Educational
- $375,000
- Residential Income
- $330,000
- Energy
- $290,000
- Income-Based Land
- $280,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Barrington
- County
- Lake
- State
- Illinois
- Longitude
- -88.1352
- Latitude
- 42.1546
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA