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$999,000
Est. payment /mo
13,564 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 13,564 sqft
Price per Sqft $73
MLS Listing ID 12420573
Year Built 1985
Annual Tax Amount $61,085
Tax Year 2023
Lot Dimensions COMMON
Property Sub-Type Mixed Use
Property Description
Introducing a prime investment opportunity at 215 & 217 S Northwest Highway in Barrington, IL. This mixed-use property boasts a sought-after location on Route 14, just moments from Downtown Barrington and the Metra Train Station. With the Village of Barrington's approval for second-floor residential unit conversion, this property offers a lucrative chance to expand rental income. Featuring ample parking and high visibility, the site is currently zoned for diverse commercial use, such as retail, office space, or mixed-use development. Currently comprised of 9 office units, including 4 on the main level and the option to convert the 2nd level into 7 apartments with architectural design approved for two - 2 bedroom units and 5 one bedroom units , this property presents a versatile investment opportunity in a rapidly growing market. The building's potential for additional income streams and flexible usage makes it an ideal option for investors seeking long-term growth and profitability. Don't miss out on this chance to own a property with promising returns in a thriving area of Barrington's business district.
Location
State IL
County Cook
Area Barrington Area
Zoning OFFIC
Interior
Cooling Central Air
Fireplace N
Exterior
Roof Type Composition
Building
Dwelling Type Mixed Use
Structure Type Brick,Cedar
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Listed by Dawn Bremer of Keller Williams Success Realty