Active

1250-1300 S Grove Avenue

Barrington IL, 60010

$4,999,994


$54.01 per sqft

Active

92,573 sqft

Commercial

Built in 1975

Courtesy of Sperry Van Ness

The Welsh Office Center is a well-established, multi-building office property. This two-building office portfolio consists of 92,573 SF and sits on 4.26 AC of land in a beautifully landscaped, parklike setting. Each building, 1250 and 1300 S. Grove Avenue, is multi-storied, with three and two stories, respectively. There is a mix of conventional office suites along with small executive office suites. * 71% occupancy on total building SF - 80% occupancy on total leaseable SF * NOI: $369,166 * Well established, value-add office building portfolio * Assumable, non-recourse loan - 3.25% * Strong tenant mix with many long-term, stable tenants * A mix of regular office tenants and executive office suite rentals * Located in a very affluent market, approximately 1 mile from Downtown Barrington and the Metra Train Station * Easy access just 4 miles to I-90, 20 miles to O'Hare International Airport, and 35 miles from Downtown Chicago * No deferred maintenance/professionally managed property

11662010

MLS ID

October 27, 2022

Listed

March 28, 2024

Updated

Map

1250-1300 S Grove Avenue
Barrington IL, 60010

Interior Features

Total Stories

3


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

4.26 Acres

Other Property Details

Area Name

Barrington Area


Taxes

$283,986


Tax Frequency

Annually


Days on Market

425


Garage

No


View

No


County

Lake


Pool

No


Zoning

OFFIC


Buyer Agency Compensation

4% - $325

Courtesy of Sperry Van Ness, Olivia Czyzynski,
Listing Contact: 312-676-1866 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The DMRE Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 3/28/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 4:19 AM UTC, 3/28/2024

 

 

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