438 N Hough St, Barrington, IL 60010
Two-story office building near downtown Barrington with flexible zoning.
- Added:
- Dec 31, 2024
- Days on Market:
- 530
- Last Refresh:
- May 20 at 9:37 pm
Property Features for 438 N Hough St
General Information
- Standard status
- Active
- Size
- 2,705 SF
- Lot size
- 0.19 Acres
- Property subtype
- OFFICE
Properties For Sale
at 438 N Hough St Contact usListing agent Chris Demos (847) 707-1456
Listing office @Properties | Chicago (North) (847) 707-1456
Listing date Dec 31, 2024
Source Moodyscre
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HighLights
- Move‑in ready, boutique 2‑story office building with 2700+ sq. ft.
- 13 parking spaces, a significant amenity for an office building.
- Close proximity to downtown Barrington shopping and Metra station.
- Flexible B‑4 zoning allows for a variety of office and retail uses.
- Includes a large reception area, 7+ offices, conference room, lounge with fireplace, and kitchenette.
- Features a patio and basement storage.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.2k | $24.48 |
| − Vacancy | −$16.5k | −$6.10 |
| EGI | $49.7k | $18.38 |
| − OpEx | −$12.4k | −$4.60 |
| NOI | $37.3k | $13.79 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Barrington
- County
- Cook
- State
- Illinois
- Longitude
- -88.1364
- Latitude
- 42.1585