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Barrington, IL High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Barrington, Illinois Market population: 11K. Compare commercial properties across all major asset classes with...

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⭐ Featured

Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For Barrington IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Barrington IL Properties: 2.1600%

πŸ“Š Average Income For Barrington IL Commercial Property: $106,489

Investor Questions For Barrington IL

Common questions from investors exploring commercial real estate in Barrington IL.

What's the overall investment outlook for Barrington, IL? +
Barrington's 5.1% poverty rate and 96.5% health insurance coverage suggest a stable market with access to employment opportunities, while its top industries in Finance & Insurance and Retail Trade indicate a diverse economy, making it an attractive location for real estate investment.
How does the local economy impact rental demand? +
The presence of top industries like Finance & Insurance and Manufacturing, combined with a median household income of $106,489 and an employed population of 4,669, indicates a strong demand for rentals, particularly with the average commute time of 32.8 minutes and a high health insurance rate of 96.5%.
What role does ethnic diversity play in the local real estate market? +
Barrington's ethnic diversity, with 46.4% White, 45.0% White Non-Hispanic, and 3.5% Asian populations, contributes to a vibrant community, and when combined with a foreign-born rate of 14.1%, it suggests a market with a mix of cultural backgrounds, which can support a stable and growing real estate market.
How do quality-of-life metrics influence market stability? +
The average commute time of 32.8 minutes, with top commute methods including driving alone, working from home, and using public transit, along with a high health insurance coverage rate of 96.5%, indicates a high quality of life, which can contribute to a stable and attractive real estate market for both investors and tenants.
What are the implications of the local housing market for investors? +
With a median property value of $462,900, a median property tax of $2,925, and a homeownership rate of 75.7%, Barrington's housing market presents opportunities for investors, particularly when considering the low poverty rate of 5.1% and the high percentage of the population with health insurance, suggesting a reliable tenant base.

Barrington IL Real Estate & City Facts

Key facts and real estate information about Barrington IL.

What are some of the best neighborhoods to live in Barrington? +
Some of the best neighborhoods to live in Barrington, IL, include Fox Point, Countryside East, and the central parts of the city. These neighborhoods offer a range of housing options, from established family-friendly areas to more luxurious and expensive homes.
What are some fun things to do in Barrington? +
Barrington, IL, offers a variety of things to do, including visiting the Sanfilippo Place de la Musique, exploring the downtown dining district, catching a movie at the historic Catlow Theater, and playing golf at the Makray Golf Club. The city also features extensive forest preserves, lakes, and rivers, providing opportunities for outdoor activities.
What is the food scene like in Barrington? +
The food scene in Barrington, IL, is diverse and vibrant, with a range of restaurants serving different cuisines. Some popular restaurants include Francesca's Famiglia, Region Kitchen and Bar, Neoteca, and Chessie's Restaurant. There are also plenty of great food trucks and cafes to explore.
What are the pros and cons of living in Barrington? +
The pros of living in Barrington, IL, include its excellent schools, safe and welcoming community, and proximity to Chicago. However, some cons include the high cost of living, particularly when it comes to housing, and the potential for traffic and congestion. Overall, Barrington is a great place to live for those who value a high quality of life and are willing to invest in their community.
Is Barrington a good place to live? +
Yes, Barrington, IL, is a good place to live, offering a unique blend of small-town charm and big-city amenities. With its highly rated schools, beautiful parks and outdoor spaces, and vibrant downtown area, Barrington is an attractive option for families, professionals, and retirees alike. While it may have some drawbacks, such as a high cost of living, the benefits of living in Barrington make it a great choice for those who want to experience the best of suburban Chicago.
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