50 N Ela St, Barrington, IL
For Sale
$895,000
7,573 SF
7,573 SF of Space
- 7,573 SF Free Standing Multi-Tenant Medical/Office Building For Sale $895,000
- Existing Gross Income: $64,680 Per Year from 2 current tenants (Nakfoor Orthodontics & CPA)
- Low Lake County Property Taxes & recently renovated 1st floor suites ranging from 932-2,826 SF
- Ideal User/Investor Opportunity (Currently 50% Leased) Buyer can occupy up to 4,641 SF within the building if needed
- Located 1 block North of Barrington Metra Train Station in Downtown CBD
- Ideal space for Law Firm, Accountant, Financial Services, Professional Office or Medical Users
- Existing Gross Income: $64,680 Per Year from 2 current tenants (Nakfoor Orthodontics & CPA)
- Low Lake County Property Taxes & recently renovated 1st floor suites ranging from 932-2,826 SF
- Ideal User/Investor Opportunity (Currently 50% Leased) Buyer can occupy up to 4,641 SF within the building if needed
- Located 1 block North of Barrington Metra Train Station in Downtown CBD
- Ideal space for Law Firm, Accountant, Financial Services, Professional Office or Medical Users
Property Facts
Sale Type: Investment or Owner User
Building type: Office
Building Subtype: Medical
Year Built/Renovated: 1980/2020
Price Per SF: $118
Cap Rate: 3.71%
NOI: $33,170
Percent Leased: Vacant
Tenancy: Multiple
Building Height: 2 Stories
Building Size: 7,573 SF
Building Class: B
Typical Floor Size: 2,500 SF
Parking: 20 Surface Parking Spaces
Zoning: B-1, Barrington - Neighborhood shopping
Opportunity Zone: No
Building type: Office
Building Subtype: Medical
Year Built/Renovated: 1980/2020
Price Per SF: $118
Cap Rate: 3.71%
NOI: $33,170
Percent Leased: Vacant
Tenancy: Multiple
Building Height: 2 Stories
Building Size: 7,573 SF
Building Class: B
Typical Floor Size: 2,500 SF
Parking: 20 Surface Parking Spaces
Zoning: B-1, Barrington - Neighborhood shopping
Opportunity Zone: No
Spaces
Location
COMMUTER RAIL
Barrington Station Commuter Rail (Union Pacific Northwest Line) Union Pacific Northwest Line | 7 min walk | 0.3 mi
Palatine Station Commuter Rail (Union Pacific Northwest Line) Union Pacific Northwest Line | 12 min drive | 5.8 mi
AIRPORT
Chicago O'Hare International Airport | 34 min drive | 22.9 mi
Barrington Station Commuter Rail (Union Pacific Northwest Line) Union Pacific Northwest Line | 7 min walk | 0.3 mi
Palatine Station Commuter Rail (Union Pacific Northwest Line) Union Pacific Northwest Line | 12 min drive | 5.8 mi
AIRPORT
Chicago O'Hare International Airport | 34 min drive | 22.9 mi
