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65 S Barrington Rd - Prime Redevelopment Opportunity 9.29 Acres of Commercial Land Offered at $6,700,000 in South Barrington, IL 60010
INVESTMENT HIGHLIGHTS
- For Sale: 9.29 Acres of prime land for redevelopment in South Barrington, IL (65 S Barrington Rd) w/ direct tollway access
- Site has 1,100 feet of frontage on Barrington Road AND 1,000 feet of frontage on Central Rd
- Sale includes existing Millrose restaurant, country store, office building & industrial buildings with all improvements
- Prime Location located Just North of I-90 & Barrington Rd Full Interchange at SEC signalized corner of Barrington Rd & Central Rd
- Wide range of allowable uses for redevelopment in part or in whole (Parcel can be subdivided for mixed-use)
- ****TIF and Sales Tax Incentives may be available from the village ***
EXECUTIVE SUMMARY
Prime Location Just North of I-90 & Barrington Rd Full Interchange
Iconic Millrose Restaurant & Multi-building campus on 9.29 Acres For Sale
One of a kind redevelopment opportunity
**** TIF & Sales Tax Incentives may be available****
New Price Reduction:
Now Asking Price: $6,700,000
SUBJECT PROPERTY HIGHLIGHTS
• 9.29 Acres of prime land for redevelopment
• Sale includes existing Millrose restaurant, country store, office building & industrial buildings
• Located one block North of full interchange at I-90 & Barrington Rd
• Located at signalized SEC of Barrington Road & Central Road
• Site has 1,100 feet of frontage on Barrington Road
• Site has 1,000 feet of frontage on Central Road
• Wide range of allowable uses for redevelopment
• Village Incentives may be available
• Ideal User/Investor opportunity or corporate HQ facility
Demographic info:
2 mile 5 mile 10 mile
2022 Population 19,528 181,151 766,579
Avg Household Income $101,654 $115,007 $112,614
-Daily Traffic Counts of over 28,956 Vehicles per day on Barrington Road
-Daily Traffic Counts of over 128,351 Vehicles per day on I-90 @ Barrington Road
The subject property is a 9.29 acre campus with multiple buildings, including a restaurant, retail store, office buildings, and industrial space. This property is
located in highly desirable area with a mix of existing retail, office, industrial, hospitality & entertainment & high-end residential properties. Its close proximity
to the 4-way Barrington Road interchange (one block) north of I-90 makes it attractive to businesses and organizations that rely on convenient tollway access as well as those
that provide services to the local community. The property is highly desirable & likely best suited for various potential redevelopments including the following: retail, industrial, office or combinations thereof.
Village Recommended Uses include the following in part or in whole:
- Industrial
- Hotel
- Gas Station
- Office
- Retail
- Entertainment District
- Medical
- Restaurants
NO- Assisted Living or Industrial Distribution with high number of truck docks
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $6,700,000 | Lot Size | 9.29 AC |
| Price Per AC | $721,205.60 |
| Price | $6,700,000 |
| Price Per AC | $721,205.60 |
| Lot Size | 9.29 AC |
Iconic Milrose Restaurant & Multi-building campus on 9.29 acres For Sale Over 1,100 feet of frontage on busy Barrington Rd Prime Location Just North of I-90 & Barrington Rd Full Interchange New Price Reduction: Now Asking Price: $6,700,000
DESCRIPTION
For Sale: 9.29 Acres of prime land for redevelopment in South Barrington, IL 65 S. Barrington Rd South Barrington, IL 60010 Prime Location Just North of I-90 & Barrington Rd Full Interchange Iconic Millrose Restaurant & Multi-building campus on 9.29 Acres For Sale New Price Reduction: Now Asking Price: $6,700,000 **** TIF & Sales Tax Incentives may be available**** SUBJECT PROPERTY HIGHLIGHTS • 9.29 Acres of prime land for redevelopment • Sale includes existing Millrose restaurant, country store, office building & industrial buildings • Located one block North of full interchange at I-90 & Barrington Rd • Located at signalized SEC of Barrington Road & Central Road • Site has 1,100 feet of frontage on Barrington Road • Site has 1,000 feet of frontage on Central Road • Wide range of allowable uses for redevelopment • Village Incentives may be available • Ideal User/Investor opportunity or corporate HQ facility Demographic info: 2 mile 5 mile 10 mile 2022 Population 19,528 181,151 766,579 Avg Household Income $101,654 $115,007 $112,614 -Daily Traffic Counts of over 28,956 Vehicles per day on Barrington Road -Daily Traffic Counts of over 128,351 Vehicles per day on I-90 @ Barrington Road The subject property is a 9.29 acre campus with multiple buildings, including a restaurant, retail store, office buildings, and industrial space. This property is located in highly desirable area with a mix of existing retail, office, industrial, hospitality & entertainment & high-end residential properties. Its close proximity to the 4-way Barrington Road interchange (one block) north of I-90 makes it attractive to businesses and organizations that rely on convenient tollway access as well as those that provide services to the local community. The property is highly desirable & likely best suited for various potential redevelopments including the following: retail, industrial, office or combinations thereof. Village Recommended Uses include the following in part or in whole: - Industrial - Hotel - Gas Station - Office - Retail - Entertainment District - Medical - Restaurants NO- Assisted Living or Industrial Distribution with high number of truck docks ****TIF and Sales Tax Incentives may be available from the village ***
PROPERTY TAXES
| Parcel Number | 01-35-401-012-0000 | Improvements Assessment | $946,980 |
| Land Assessment | $708,020 | Total Assessment | $1,655,000 |
PROPERTY TAXES
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65 S Barrington Rd - Prime Redevelopment Opportunity
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