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Mixed-Use

Cook Street Plaza

100 E Station St, Barrington, IL 60010

Listing Price: $5,300,000

Cap Rate
6.25%
Number of Units
10
Occupancy
100.0%
Price/Unit
$530,000
Price/Gross SF
$132.50
Gross SF
40,000

Investment Overview

Marcus & Millichap is pleased to offer Cook Street Plaza which is a mixed-use property consisting of 7 apartment units, 38 indoor parking spaces and 10 retail units totaling 27,751 s.f. located in the heart of downtown Barrington, IL. The property sits on the northwest corner of S. Cook Street and E. Station Street just a few minutes walk from the Metra train station. Built in 2006, the apartment units consist of one 1-bed/1ba unit and six 2-bed/2 ba units (combined avg. 1,588 s.f.) Anchored by Francesca's Restaurant and Cook Street Coffee - both of which recently signed 10-year lease extensions. Other retail tenants include Edward Jones, Ahavah Organic Salon, Bredwell, Marvin's Toy Store, & Avalon Construction. The asset offered for sale is 68.2537% of a condominium building. Excluded from the sale are 14 of the 21 residential units & 17 deeded parking spaces (a heated two – story underground parking garage.) Barrington IL, is a well known affluent Northwest Suburb located approx. 65 miles northwest of Chicago. The median household income in a 3-mile radius is $143,000 (average household income is $209,000) annually. The building is located amongst numerous eateries and other retail and entertainment destinations.

Investment Highlights

  • Located in the heart of downtown, two blocks from the Barrington Metra Stop
  • 58% of the centers leases don't come up for renewal until 2032. (78% from 2028)
  • Francesca's Restaurant & Cook Street Coffee signed 10-year extensions committing to the space
  • Secured private parking in a two-story heated, underground garage
  • Bredwell has done a significant build-out along with installing a full kitchen

Exclusively Listed By

  • David B. Tarnoff

    Senior Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

Financing By

Mixed-Use

Cook Street Plaza

Listing Price: $5,300,000

Cap Rate
6.25%
Number of Units
10
Occupancy
100.0%
Price/Unit
$530,000
Price/Gross SF
$132.50
Gross SF
40,000

Investment Highlights

  • Located in the heart of downtown, two blocks from the Barrington Metra Stop
  • 58% of the centers leases don't come up for renewal until 2032. (78% from 2028)
  • Francesca's Restaurant & Cook Street Coffee signed 10-year extensions committing to the space
  • Secured private parking in a two-story heated, underground garage
  • Bredwell has done a significant build-out along with installing a full kitchen

Investment Overview

Marcus & Millichap is pleased to offer Cook Street Plaza which is a mixed-use property consisting of 7 apartment units, 38 indoor parking spaces and 10 retail units totaling 27,751 s.f. located in the heart of downtown Barrington, IL. The property sits on the northwest corner of S. Cook Street and E. Station Street just a few minutes walk from the Metra train station. Built in 2006, the apartment units consist of one 1-bed/1ba unit and six 2-bed/2 ba units (combined avg. 1,588 s.f.) Anchored by Francesca's Restaurant and Cook Street Coffee - both of which recently signed 10-year lease extensions. Other retail tenants include Edward Jones, Ahavah Organic Salon, Bredwell, Marvin's Toy Store, & Avalon Construction. The asset offered for sale is 68.2537% of a condominium building. Excluded from the sale are 14 of the 21 residential units & 17 deeded parking spaces (a heated two – story underground parking garage.) Barrington IL, is a well known affluent Northwest Suburb located approx. 65 miles northwest of Chicago. The median household income in a 3-mile radius is $143,000 (average household income is $209,000) annually. The building is located amongst numerous eateries and other retail and entertainment destinations.

Exclusively Listed By

  • David B. Tarnoff

    Senior Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

Financing By

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