135 Park Ave - Office FOR SALE


Barrington, IL 60010
$1,375,000 USD
847-338-2022
135 Park Ave, Barrington, IL for Sale
$1,375,000 USD
Office - FOR SALE
1/31
null | 6.45% Cap Rate

135 Park Ave
Barrington, IL 60010


HIGHLIGHTS

  • Prime location in Downtown Barrington within walking distance to the Metra train station.
  • Comprehensive property renovation in 2025, including common area upgrades and tenant suite refresh.
  • Existing leases provide gross income exceeding $175,000 annually, with NOI of $88,675.
  • Municipal lots, street parking, and nearby garage accommodate ample parking needs.
  • Flexible space options ideal for retail or office tenants with units ranging from approximately 141 to 1,397 SF.
  • Situated near dining, retail, and many local amenities, with future developments such as the Chicago Bears stadium just two train stops away.

OVERVIEW

This 12,264 SF multi-tenant mixed-use building offers a strong investment opportunity in the vibrant core of Downtown Barrington. Recently renovated in 2025 with significant upgrades—including refreshed common areas, new flooring, lighting, and paint—this property is designed to appeal to businesses seeking a modern yet central location. The site benefits from close proximity to Barrington Metra Station, making it a convenient choice for commuters. Additionally, its location just east of Route 59 ensures easy regional connectivity. The property is situated amid a diverse mix of restaurants, retail, and essential services, providing a thriving environment for occupants. With an occupancy rate of 80%, the building generates existing net operating income of $88,675 and gross income exceeding $175,000. Flexible leasing arrangements, including month-to-month options, allow a buyer-user to occupy space over time. Municipal parking, on-street parking, and city garage access complement building signage visibility, further enhancing its usability. Priced at $1,375,000 ($112.12 PSF), this property combines income-producing stability with user-driven potential, making it a compelling acquisition in one of Chicagoland’s most desirable suburban submarkets. 12,264 SF Multi-Tenant Retail & Office Building For Sale -Current Occupancy: 80% -Existing NOI: $88,675 -Opportunity for user to occupy space -Located in the Heart of Downtown Barrington! • 12,264 SF Multi Tenant Mixed Use Office/Retail Building for Sale • Recent renovations Include: New paint, lighting & flooring in the Common Areas & extensive refresh of many tenant suites (2025) • Retail or office Space available ranging from 141- 1,397 SF • Located in the heart of Downtown Barrington at Park Ave & Main Street. 1/2 block East of Route 59 (Hough St.) • Barrington Metra Train Station located steps away from property • Abundant Parking - Municipal Lots, On Street Parking & Underground Spaces • Close Proximity to shopping and Restaurants • New Chicago Bears Stadium or other development 2 train stops away! • Existing leases in place providing over $175,000 in existing gross income • Building Signage Available • Visit our website for 3-D Virtual Tours of select suites & common area • Ideal opportunity for a user/investor (Many leases are month to month providing a buyer chance to occupy space as needed) • Current Occupancy 80% • Current Net Income $88,675

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$128 USD /SF

CAP RATE

6.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1893

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

B-1

APN/PARCEL ID

01-01-101-006-0000

ASK ABOUT THIS PROPERTY

Randy OlczykChicagoland Commercial Real EstateMore Info
847-338-2022

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Randy OlczykChicagoland Commercial Real EstateMore Info
847-338-2022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.