Barrington Commons Plaza is a 28,693-square-foot mixed-use retail and office property located in the affluent northwest suburban Chicago community of Barrington, Illinois. The property, built in 1980, features a diversified tenant mix of neighborhood retail, service, wellness, medical, and professional office users, with the retail component currently fully occupied. The asset is approximately 89 percent occupied overall, with remaining vacancy concentrated in the office component, providing investors with near-term lease-up upside.
The property, listed for $3,650,000, generates approximately $272,135 in Net Operating Income equating to a 7.46 percent cap rate and $127 per square foot.
Barrington’s affluent demographics further support the investment. The community has an estimated population of approximately 11,077 residents, median household income of approximately $147,989, median owner-occupied housing value of approximately $582,500, and 68 percent of adults holding a bachelor’s degree or higher. These fundamentals, combined with the property’s stable retail tenancy and office lease-up upside, position Barrington Commons as a compelling suburban mixed use investment opportunity