Move-in Ready Boutique Office
For Sale
Contact for pricing
438 N Hough St., Barrington, IL 60010
Two-story office building near downtown Barrington with flexible zoning.
Property Size2,705 SF
Price / SF$160.81
Days on Market749
Property Features for 438 N Hough St.
General Information
Standard status
Active
Size
2,705 SF
Property subtype
Office
Building Details
Year Built
1920
Listing Agency:
@properties
(847) 692-5522
Listed By:
Christopher Demos · License #475.135317
Source:
Crexi
Added: Jul 12, 2024
Changed: Jul 10
Last Checked: Jul 25 at 1:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties
Investment Insights
Based on property information with market context.
This two-story office building offers just over 2700 square feet of space and includes 13 parking spaces. The property is located in close proximity to downtown Barrington shopping and is a short walk to the Metra station. The B-4 zoning allows for a flexible list of uses under the Office and Retail categories. The layout includes a large reception area, 7 or more offices, a conference room, and a lounge area with a fireplace. Additional features include a kitchenette, 2 bathrooms, and a basement for storage. An outdoor patio is also present. The building is equipped with central air conditioning and forced air heat. The air conditioning unit is 1 year old, the furnace is 5 years old, and the hot water tank is 2 years old. This property is available for sale or for lease.
Key Highlights
- Move‑in ready, boutique 2‑story office building with 2700+ sq. ft.
- Benefit from 13 parking spaces, a significant amenity.
- Close proximity to downtown Barrington shopping and Metra station.
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 |
2,705 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$532.8K
$466.2K – $621.6K
NOI $37,298 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$933.9K
$817.2K – $1.09M
NOI $65,374 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,116
Businesses Nearby
Explore this area
Business Placement
Demographics for 60010, IL
46,365
Population
17,621
Households
2.6
Avg Household Size
47
Median Age
70%
College-Educated
97%
High-School Grad
74.1 sq mi
ZIP Area
626
Density / Sq Mi
$175,050
Median Household Income
$86,255
Median Earnings
$2,459
Median Rent
$622,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building near downtown Barrington with flexible zoning.
Where is this office building located?
The property is located at 438 N Hough St. Barrington, IL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Move‑in ready, boutique 2‑story office building with 2700+ sq. ft.; Benefit from **13 parking spaces**, a significant amenity.; Close proximity to downtown Barrington shopping and Metra station.
