105 Park AveBarrington, IL 60010

Property Details for 105 Park Ave

Property size (Sq ft)

13,000 SF

Property type

Retail properties

Property subtype

Bars

Description

This exceptional Barrington, IL commercial property, located at 105 S. Cook St / 207 Park Ave (zip code 60010), presents a unique investment opportunity. The property encompasses two attached, two-story buildings totaling approximately 13,000 square feet of interior space, situated on a combined lot size of 4,885 square feet. Formerly McGonigal's Pub, this versatile space is ideal for a variety of uses, including a multi-level bar/restaurant, law firm, architectural group, art gallery, or retail businesses. The property offers the potential for conversion to mixed-use, allowing for the development of residential units on the second floor. An ADA-compliant elevator services the second floor, and the property boasts a robust 220-volt electrical system. Benefit from its prime corner location and proximity to the upcoming 2M Park Avenue Plaza development (completion slated for 2025), which will feature outdoor dining and green spaces. The property is being sold AS-IS, and proof of funds is required before scheduling a showing. This property may qualify for Cook County Class 7a/7b or 7c incentive programs, potentially reducing property tax assessments for up to 10 years (7a/7b) or 3 years (7c). The 2022 real estate taxes were $108,882.90. This is a rare chance to acquire a substantial commercial property in a thriving location.

Location Insight

City

Barrington

County

Cook

State

Illinois

Latitude

42.1529

Longitude

-88.1347

FAQs

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