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    OFF-MARKET
    Retail space

    509 Main St, Barrington, IL 60010-6827

    2,740 SF 0.22 ac lot Built 1926
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US28-5672600
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Bip 509 Main LLC · 4 yrs held
    Bip 509 Main LLC
    since 2022
    Last sale
    $265,000
    4 recorded transactions
    2022
    $265,000
    2007
    $375,000
    1998
    $275,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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