105 S Cook St, Barrington, IL, 60010

105 S Cook St Barrington, IL 60010

105 S Cook St, Barrington, IL, 60010
105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010 105 S Cook St, Barrington, IL, 60010
FOR SALE
Property Type:
Free Standing Building
Amount:
$2,150,000
Last Verified:
Jun 24, 2024

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Highlights

  • - Barrington Commercial Real Estate Formerly McGonigal's Pub.
  • - Ideal opportunity for the following types of uses: multi-level bar/restaurant, law firm, architectural group, art gallery, retailers, capability to convert to mixed-use status allowing residential units to be developed on the 2nd floor, etc.
  • - Property may be eligible for Cook County Class 7a/7b incentive program reducing assessments of market value for the first 10 years or up to 3 years with a Class 7c incentive program.
  • - Adjacent 2M Park Avenue Plaza development to be constructed in 2025 for outdoor dining, green space, etc.
  • - Corner location.
  • - ADA elevator to second floor.
  • - More than adequate 220-volt electrical power system.
  • - The two floors including the basement have approximately 13,000 internal square feet within two attached two-story buildings.
  • - The footprint of the 2 lots is 4,885 square feet.
  • - 2022 RE Taxes: $108,882.90.
  • - The real estate is to be sold AS-IS.
  • - Proof of funds is required prior to scheduling a showing.
  • - 2% Co-Op Commission on Sale.

Description

Barrington Commercial Real Estate Formerly McGonigal's Pub.
Ideal opportunity for the following types of uses: multi-level bar/restaurant, law firm, architectural group, art gallery, retailers, capability to convert to mixed-use status allowing residential units to be developed on the 2nd floor, etc. Property may be eligible for Cook County Class 7a/7b incentive program reducing assessments of market value for the first 10 years or up to 3 years with a Class 7c incentive program. Adjacent 2M Park Avenue Plaza development to be constructed in 2025 for outdoor dining, green space, etc. Corner location. ADA elevator to second floor. More than adequate 220-volt electrical power system. The two floors including the basement have approximately 13,000 internal square feet within two attached, two-story buildings. The footprint of the 2 lots is 4,885 square feet. The real estate is to be sold AS-IS. Proof of funds is required prior to scheduling a showing.

Barrington, IL

Building Size: 12946sq ft
Lot Size: 0.11 acres


Documents

JCOMM_MP_105SCook.reducedpdf.pdf

Map of 105 S Cook St, Barrington, IL, 60010

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.