617 W Main St - Service FOR SALE


Barrington, IL 60010
$5,500,000 USD
312-953-4274
617 W Main St, Barrington, IL for Sale
$5,500,000 USD
Service - FOR SALE
1/6
null | Request Cap Rate

617 W Main St
Barrington, IL 60010


HIGHLIGHTS

  • Multiple potential development options available
  • Ideal for R&D/Life Science, Senior Housing, or Multi-Family Residential Development
  • Property sits on 93 acres

OVERVIEW

Cresa has been exclusively retained by PepsiCo to sell 617 W. Main Street, Barrington, IL, a prime R&D campus redevelopment opportunity located 20 miles from O’Hare Airport and just 40 miles from downtown Chicago. The offering comprises two main buildings totaling 259,000 SF in the heart of downtown Barrington. The main R&D building is 227,000 SF and was completed in 1956. Since it was first built, the building has undergone several additions and renovations and is currently comprised of office and R&D spaces. The 32,000 SF building, completed in 1966, is used as a production and packaging facility with offices on the first and second floors. In addition there is a 1,500 SF storage building that sits on the back of the lot, a technology equipped 622 SF gazebo, and a 1,100 SF garage also on the property. Potential uses are senior housing and mixed-use residential.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$21 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

R&D, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1956

UTILITIES

Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

14 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

93

LAND SF

4,051,080

ZONING

-

APN/PARCEL ID

01-02-200-010-0000

ASK ABOUT THIS PROPERTY

312-953-4274

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312-953-4274

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