Property profile

509 Main St Barrington, IL 60010

OFF-MARKET
Retail space
Property ID
US28-5672600
2,740 SF 0.22 ac lot Built 1926
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Barrington, IL executive office space, located at 509 W Main St, offers multiple suites within a completely renovated Class B building. The 815-square-foot building boasts newly installed flooring, drywall, and paint, completed June 1st, 2023. Two stories high, the property features efficient layouts with operable windows, providing ample natural light. Suites range from a minimum of 325 square feet to a maximum contiguous space of 490 square feet, with the entire 815 square feet currently vacant and available. The building benefits from ample on-site parking, a convenient location across from Barrington High School, and proximity to various restaurants and shopping options. Exterior signage opportunities are also available. Furthermore, the attractive rental rate includes HVAC and electricity, minimizing operational costs. The common area renovation, completed in June 2023, enhances the overall appeal and functionality of the property. This prime location in Cook County, zip code 60010, presents a fantastic opportunity for businesses seeking modern, well-maintained office space in a desirable area. Virtual tours are available for viewing.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1926
Total area 2,740 SF
Lot 0.22 ac (9,504 SF)
APN 01-02-201-017
UPID US28-5672600

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
  • Barber Shop
  • Medical Clinic Alternative Medicine Practice
  • Medical Clinic
  • Counselor Family Counselor
  • Tutoring Service

Location

509 Main St Barrington, IL 60010-6827
Barrington metro Census 804204 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2022
Last sale
$265,000
4 recorded transactions
2022
$265,000
2007
$375,000
1998
$275,000
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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