$2,750,000 SALE
Office Bldg
13,500 SF
330 E. Main St
Barrington, IL 60010 Office Building I Barrington, IL I 8.2% Cap



Coldwell Banker Commercial Realty has been chosen to market this twenty-four (24) unit suites office building in Downtown Barrington, IL. With having a stabilized & diversified tenant roster office tenants benefit from the properties features of having an indoor garage for parking, exterior surface parking, an elevator and common area bathrooms on each floor, vaulted ceilings, lots of natural light, freshly painted common area in 2021, new carpet replaced in 2021 and a fob security system. Positioned in between Lake Cook Rd and South Northwest Hwy with approximately 28,700 Vehicles per, the building is also directly across the street from the Barrington Metra Station (Union Pacific/Northwest Line) which runs directly southeast to downtown Chicago and experiences over 1,750 daily boarding passengers. Retailers in the immediate area include CVS Pharmacy, Walgreens, Jewel-Osco, Starbucks, McDonald's, Heinen's Grocery Store, and Shell Gasoline. There are 28,144 people living within 3 miles of the property with an average annual household income of $193,551.


Property Type Office Bldg
Property Use Rental or Investment
Year Built 1994
Level Number 3
Average Floor Size 4,463
Lot Dimensions 135X80
Available Floors 3
Sub-Lease 24
Zoning B-5
Cap Rate Percentage 8.21
Listing ID 2L79P3
Style Office Bldg -General
Building Size 13,500 SF
Lot Size 0.3 AC
Available Date Apr 4th, 2022
Taxes $34,486
Area Description

Area Description: The Village of Barrington is a vibrant and active community located 35 miles northwest of Chicago and 30 minutes from O'Hare International Airport. The Village is unique in that it straddles the Cook County/Lake County border. While the Village prides itself on being a small town with rural roots, the Village is the commercial center of a cluster of affluent communities that stretches from the Northwest Tollway (1-90) north into central Lake County. Barrington is served by Metra's Union Pacific Northwest Line. Approximately 1,800 area residents commute daily on the commuter train to Chicago. The commuter rail services also provides the opportunity for businesses to draw workers/employees from a larger geographic area, which is well represented by many medium-to-large corporations. The Village also has access to a major road network: I-90, that connects with Interstate 290 and Interstate 294, both of which link Barrington to the City of Chicago. Barrington is home to Pepisco, Pepper Construction, The Garlands of Barrington, Good Shepherd Hospital, Hospice of Northeast Illinois, Offices of School District 220, UBS Financial Services and Motor Werks of Barrington. Barrington is also well positioned in the marketplace with significant activity generators that serve as community anchors supporting the business community. These anchors include: Langendorf Park, Citizen's Park, Barrington High School, Ice House Mall and Specialty Shops, Barrington Area Historical Society, Catlow Theater, Village Hall, Hough Street School, St. Anne's Catholic Church and School, St. Paul United Church of Christ, Metra Train Station, Public Safety Center, the Barrington Area Library and a vibrant downtown district offering casual to fine upscale dining options. These features along with its strong demographics make Barrington an attractive place to live, work and play.

Property Features
Parking Ratio: 2.5
Parking Places: 36
Half Bath: 6
Location Name: 330 E. MAIN ST BARRINGTON, IL 60010
Exterior: Sidewalk, Sprinkler System
Water: City Water
Flooring: Wall to Wall Carpet, Tile, Hardwood, Mixed
Lot Size: 1/2 - 1 Acre
Exterior Description: Wood Siding
Area Description: Suburban
Body of Water: Lake
Age: 21-30 Years Old
Sewer: City
Financials
Down Payment: $825,000
Gross Income: $390,879
Expenses: $165,148
Loan Payment: $1,925,000
Cash Flow: $225,732
Additional Media

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