Property profile

1250 Grv Ave Barrington, IL 60010

OFF-MARKET
Retail space
Property ID
US28-2725398
2.15 ac lot Built 1987
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office complex in Barrington, Illinois, offers a variety of move-in ready suites within two well-maintained buildings. Located at 1250 & 1300 S Grove Ave, this Class B property boasts a total of 92,573 square feet, spread across two buildings with three stories each. The complex sits on a 4.26-acre lot and is zoned B-4. Built in 1975, the buildings feature a range of suite sizes, from a minimum of 1,046 square feet to a maximum contiguous space of 7,562 square feet. Many suites offer full window lines, and select units include kitchenettes. The property benefits from convenient onsite property management. Its prime location near downtown Barrington, just off Barrington Road, provides easy access to the Metra and I-90. The Welsh Office Center is currently home to a diverse range of tenants, including Ubiquiti, Symmetry Creative Prod, Trondent Development, and Kavi & O'Donnell Associates. Attractive rental rates make this an ideal location for businesses seeking efficient and well-located office space in Cook County, Illinois, zip code 60010.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1987
Lot 2.15 ac (93,654 SF)
APN 01-12-108-015
UPID US28-2725398

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Chemical Plant
  • Medical Clinic
  • IT Consulting Firm (Bike/Boat/Book/etc) Store
  • Business Management Consultant
  • General Contractor

Location

1250 Grv Ave Barrington, IL 60010-5091
Barrington metro Census 804202 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.91M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.84M

Owner & transaction history

since 2020
Last sale
$4.1M
7 recorded transactions
2020
$4.1M
2018
Price N/A
2008
Price N/A
2001
$8.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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