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The Saia Group of Marcus & Millichap
(630) 570-2226
Tammy.saia@marcusmillichap.com


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Description

Marcus & Millichap is pleased to present the multi use property at 135 Park Avenue in downtown Barrington, Illinois. Barrington is a vibrant and active community 35 miles northwest of Chicago. Barrington straddles the Cook County and 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 (Interstate 90) north into central Lake County.

 

 

THE OPPORTUNITY

This landmark building at 135 Park Avenue is enviably located at the corner of Park, Cook and Main (Lake Cook Road). This asset is a multi-use building of retail and professional offices at an ideal corner. The building has a long history of high occupancy due to the high profile location. The Metra stop is one block from the property and there are numerous shops and restaurants only steps away.

 

 

THE PROPERTY

The property has two retail spaces on the first floor that can be combined into one larger space. There are a number of offices/suites that can be configured so as to maximize income and space.

135 Park Avenue

135 Park Avenue Barrington, IL 60010

Price                                              $999,000

Net Operating Income              $72,688

Rentable Square Feet               11,905

Price/Square Foot                      $84

CAP Rate                                       7.28%

Parcel Size                                    .1629 Acres

Year Built                                     1893

 

Market Summary