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Case Study · Mixed-Use Sale · Barrington, IL

Seventy-Five Years of One Tenant — Then a New Chapter

110-114 E Main St, Barrington: a downtown main-street mixed-use building whose ground floor housed the same tailor shop for roughly 75 years, with an apartment on the second floor. Jason Bitton sold it — the kind of generational asset that changes hands once in a working lifetime, and only makes full sense to a buyer who reads both of its stories: the storefront and the residence above it.

~75 yrs
One Ground-Floor Tenant
2 uses
Retail + 2nd-Floor Apartment
Main St
Downtown Barrington
$515K
Building Sold · Dec 2024
The Deal at a Glance

110-114 E Main St, Barrington, Illinois

Property
Mixed-use building
Ground floor
Retail (tailor shop)
Second floor
Apartment
Tenant tenure
~75 years
Location
Downtown Main St
County
Lake (E Main splits)
Buyer pools
Owner-user / investor
Sale price
$515,000 (building)
Business
~$30,000 (acquired separately)
Result
Sold · Dec 2024
How the Deal Got Done

Challenge → Move → Outcome

01 · Challenge

A building whose identity was its tenant

Some buildings are a rent roll. This one was a landmark of habit: a tailor shop that operated on the ground floor for roughly 75 years, with an apartment above it, in the middle of downtown Barrington’s Main Street. When a tenancy runs that long, the building and the business blur together — and that is exactly the problem when it comes time to sell. A buyer walking in sees one storefront and one long chapter closing, not the asset underneath.

There was a second wrinkle only locals catch: Barrington straddles the Cook–Lake county line, and E Main Street itself splits — 110-114 E Main sits on the Lake County side. Which county a downtown building lands in changes the tax picture a buyer underwrites, so even the address needed explaining.

02 · The Move

Sell the asset, not the era

The sale turned on repositioning the story. Strip away the nostalgia and 110-114 E Main is a two-income downtown asset: a retail storefront on the busiest walkable street in one of Chicagoland’s most affluent villages, plus a second-floor apartment — residential income that keeps paying no matter what happens at street level.

Told that way, the building speaks to two buyer pools at once. An owner-user can take the storefront for their own business and let the apartment help carry the mortgage. An investor sees a mixed-use property where ~75 years of one tenant isn’t an ending — it’s the longest possible proof that the corner works. Main Street buildings in downtown Barrington rarely trade; when one does, the marketing has to make both of those readers raise a hand.

03 · Outcome

A generational asset changes hands

The building sold. A downtown Barrington mixed-use property that had been defined by a single tenancy for three-quarters of a century moved to its next owner — with the retail floor and the apartment above it framed for what they are: a main-street asset with two ways to win, in a market where supply is measured in storefronts, not square miles.

What the Sale Had to Answer
1
The tenure question
Is 75 years of one tenant a risk ending — or proof the location works?
2
The two incomes
Retail below, apartment above — each underwritten on its own.
3
The county line
E Main splits Cook and Lake; 110-114 sits on the Lake side.
4
The buyer pool
Owner-user or investor — the positioning had to work for both.
5
The scarcity
Downtown Barrington buildings rarely trade — price the rarity, not just the rent.

“Seventy-five years of one tenant isn’t a risk — it’s the longest possible proof that the corner works.”

The short version of this deal
Why It Matters

The Generational Main-Street Playbook

If you own a downtown building that one business has called home for decades — or you want to buy one — the deal turns on reframing, not just listing. Long tenancy, mixed uses, and small-town scarcity each change who the right buyer is and what they should pay.

Tenure is proof
A tenant that stayed ~75 years is the strongest location evidence a storefront can have. Sell the evidence, not the ending.
Two doors
Retail plus a second-floor apartment means two income streams and two exits — an owner-user buy or an investor hold.
Scarce by design
Downtown main streets don’t make more buildings. When one trades, positioning decides who shows up — and at what number.
See It

110–114 E Main St — Video Walkthrough

110–114 E Main St, Barrington
Walkthrough covering all three units on Main Street · 2:27
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Own a Main-Street Building Like This One?

Tell Jason the address — he’ll tell you what it’s worth, who the two or three real buyers are, and whether now is the moment. Confidential, and before anything hits the open market.

Looking to buy a downtown mixed-use asset instead? Same door: Get Started or call.