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700-730 S Northwest Hwy Street

Barrington, IL 60010
  • $2,400,000
  • STATUS: Active Under Contract
  • ON SITE: 114 days
  • MLS #: 11046663
Under Contract
UPDATED: 26 min ago
$2,400,000
  • 0
    BEDS
  • 1.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 22,555
    SQFT
  • $106
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1978
County:

School Ratings & Info

Description

GOLDEN OPPORTUNITY FOR AN EXCELLENT ARM CHAIR INVESTMENT STRIP CENTER!!! THIS GREAT PROPERTY IS ONE VACANCY AND LONG TERM TENANTS, BUILDING SIZE 22,255 SQFT AND CONTAINS OVER 70 PARKING SPACES. ABSOLUTE NNN LEASE WITH NO LANDLORD OBLIGATIONS. THIS METICULOUSLY MAINTAINED PROPERTY IS MULTI TENANT STRIP CENTER DIVIDED INTO 16 UNITS CURRENTLY CONFIGURED FOR 11 TENANTS RANGING FROM 1,190-4,375 SQUARE FEET. THIS LOCATION PROVIDES NORTHWEST HWY FRONTAGE, JUST MINUTES FROM DOWNTOWN BARRINGTON. OUTSTANDING FRONTAGE AND HIGH VISIBILITY ON NORTHWEST HWY. INCOME GROWTH SHOULD CONTINUE TO GROW AT RATE EQUAL TO OR MUCH HIGHER. NEWER FACIA IN 2019',HVAC AND GOOD MAINTENANCE ON THE ROOF. SURROUNDING NATIONAL RETAILERS INCLUDE, STARBUCKS, DUNKIN DONUTS, CVS PHARMACY, JIMMY JOHN, AMONG MANY OTHERS. DON'T MISS THIS ONE...

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2021-08-01T12:52:47.847 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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700-730 S Northwest Hwy Street Barrington, IL 60010

  • Price: $2,400,000
  • Status: Active Under Contract
  • Updated: 26 min ago
  • MLS #: 11046663
0
Beds
0
Baths
0
½ Baths
1.27
Acres
22,555
SQFT
$106
$/SQFT
1978
Built
Neighborhood:
Barrington Area
County:
Cook
Area:
Barrington Area
Property Description
GOLDEN OPPORTUNITY FOR AN EXCELLENT ARM CHAIR INVESTMENT STRIP CENTER!!! THIS GREAT PROPERTY IS ONE VACANCY AND LONG TERM TENANTS, BUILDING SIZE 22,255 SQFT AND CONTAINS OVER 70 PARKING SPACES. ABSOLUTE NNN LEASE WITH NO LANDLORD OBLIGATIONS. THIS METICULOUSLY MAINTAINED PROPERTY IS MULTI TENANT STRIP CENTER DIVIDED INTO 16 UNITS CURRENTLY CONFIGURED FOR 11 TENANTS RANGING FROM 1,190-4,375 SQUARE FEET. THIS LOCATION PROVIDES NORTHWEST HWY FRONTAGE, JUST MINUTES FROM DOWNTOWN BARRINGTON. OUTSTANDING FRONTAGE AND HIGH VISIBILITY ON NORTHWEST HWY. INCOME GROWTH SHOULD CONTINUE TO GROW AT RATE EQUAL TO OR MUCH HIGHER. NEWER FACIA IN 2019',HVAC AND GOOD MAINTENANCE ON THE ROOF. SURROUNDING NATIONAL RETAILERS INCLUDE, STARBUCKS, DUNKIN DONUTS, CVS PHARMACY, JIMMY JOHN, AMONG MANY OTHERS. DON'T MISS THIS ONE...
Exterior Features

Foundation Details Concrete Perimeter Frontage Type Public RoadSignal IntersectionState Road Location Mixed Use Area Number Of Drive In Doors 0 Number Of TLDocks 0 Parking Total 71 Roof CompositionRubberOther

Interior Features

Cooling Central Air Electric Circuit Breakers Fire Protection Smoke Or Fire Protectors Heat Ventilation Forced Air Leasable Area 3185

Property Features

Additional Parcels YN Yes Cap Rate 9.96 Current Use Commercial Existing Lease Type Net Expense Year 2020 Exterior Building Type BrickMasonite Extra Storage Spaces Available YN Yes Financial Amounts For Total Building Rental Yes Gross Income 410215 Gross Rentable Area 22555 Gross Scheduled Income 410215 Investment YN Yes Known Encumbrances None Known Lot Size Dimensions 340X163 Min Avail Sq Ft Rentable 1500 Net Operating Income Year 2020 Number Of Tenants 11 Property Offered For Sale Only Tax Annual Amount 143080 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsScavengerSewer Total Monthly Income 34188 Utilities Electric To SiteGas To Site Zoning Commr

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Mega Usa Properties, Inc..


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2021-08-01T12:52:47.847 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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