700-730 Northwest Hwy Street

    Barrington, IL 60010
    • $2,890,000
    • STATUS: Active
    • ON SITE: 97 days
    • MLS #: 10272853
    UPDATED: 61 min ago
    $2,890,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,555
      SQFT
    • $128
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1978
    County:

    School Ratings & Info

    Description

    THIS STUNNING PROPERTY IS 100% OCCUPIED WITH LONG TERM TENANTS, BUILDING SIZE 22,255 SQFT AND CONTAINS OVER 70 PARKING SPACES. ABSOLUTE NNN LEASE WITH NO LANDLORD OBILIGATIONS. THIS MATICULOUSLY MAINTIANED PROPERTY IS MULTI TENANT STRIP CENTER DIVIDED INTO 16 UNITS CURRENTLY CONFIGURED FOR 11TENANTS RANGING FROM 1,190-3,800 SQUARE FEET. THIS LOCATION PROVIDES NORTHWEST HWY FRONTAGE, JUST MINUTES FROM DOWNTOWN BARRINGTON. OUTSTANDING FRONTAGE AND HIGH VISIABLITY ON NORTHWEST HWY. EXCELLENT ARM CHAIR INVESTMENT OPPORTUNITY. INCOME GROWTH SHOULD CONTINUE TO GROW AT RATE EQUAL TO OR MUCH HIGHER. SURROUNDING NATIONAL RETAILERS INCLUDE, STARBUCKS, DUNKIN DONUTS, CVS PHARMACY, JIMMY JOHN, AMONG MANY OTHERS.

    Monthly Payment Calculator



    © 2019 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 Ani Real Estate. Based on information submitted to the MRED as of 2019-05-23T10:53:33.147 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.

    Digital Millennium Copyright Act
    www.anirealestate.com/homes/91835369

    700-730 Northwest Hwy Street Barrington, IL 60010

    • Price: $2,890,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 10272853
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    22,555
    SQFT
    $128
    $/SQFT
    1978
    Built
    Neighborhood:
    Barrington Area
    County:
    Cook
    Area:
    Barrington Area
    Property Description
    THIS STUNNING PROPERTY IS 100% OCCUPIED WITH LONG TERM TENANTS, BUILDING SIZE 22,255 SQFT AND CONTAINS OVER 70 PARKING SPACES. ABSOLUTE NNN LEASE WITH NO LANDLORD OBILIGATIONS. THIS MATICULOUSLY MAINTIANED PROPERTY IS MULTI TENANT STRIP CENTER DIVIDED INTO 16 UNITS CURRENTLY CONFIGURED FOR 11TENANTS RANGING FROM 1,190-3,800 SQUARE FEET. THIS LOCATION PROVIDES NORTHWEST HWY FRONTAGE, JUST MINUTES FROM DOWNTOWN BARRINGTON. OUTSTANDING FRONTAGE AND HIGH VISIABLITY ON NORTHWEST HWY. EXCELLENT ARM CHAIR INVESTMENT OPPORTUNITY. INCOME GROWTH SHOULD CONTINUE TO GROW AT RATE EQUAL TO OR MUCH HIGHER. SURROUNDING NATIONAL RETAILERS INCLUDE, STARBUCKS, DUNKIN DONUTS, CVS PHARMACY, JIMMY JOHN, AMONG MANY OTHERS.
    Exterior Features

    Foundation Concrete Frontage Access Public RoadSignal IntersectionState Road Location Mixed Use Area Lot Dimensions 340X163 Lot Sq Ft 55420 Number Of Parking Spaces 71 Number Of TLDocks 0 Roof Coverings Shingle CompositionRubberOther

    Interior Features

    Air Conditioning Central Air Fire Protection Smoke Or Fire Protectors Number Of Drive In Doors 0 Number Of Stories 1

    Property Features

    Age 36-50 Years Current Use Commercial Electrical Service Circuit Breakers Expense Year 2017 Exterior Building Type BrickMasonite Extra Storage Spaces Available YN Yes Financial Amounts For Total Building Rental Onl Yes Geographic Locale Northwest Suburban Gross Rentable Area 22555 Gross Rental Income Amount 457308 Heat Ventilation Forced Air Investment YN Yes Known Encumbrances None Known Max Avail Sq Ft Rentable 3800 Min Avail Sq Ft Rentable 1400 Net Oper Income Amount 23463 Net Operating Income Year 2017 Number Of Tenants 11 Possession Closing Potential Use Commercial Property Offered For Sale Only Tax Year 2017 Taxes 124000 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialReal Property TaxesInsuranceRepairs And MaintenanceScavengerWater/Sewer Total Annual Exp 222673 Total Annual Income 457308 Total Monthly Income 38109 Township Barrington Utilities To Site Electric To SiteGas To Site Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Mega Usa Properties, Inc..


    © 2019 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 Ani Real Estate. Based on information submitted to the MRED as of 2019-05-23T10:53:33.147 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.

    Digital Millennium Copyright Act
     
    Ani Real Estate
    605 N Michigan, 4th Floor
    Chicago IL, 60611