Boutique Office Building For Sale

438 N Hough Street, Barrington, IL 60010

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For Sale

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Move-in ready office building near downtown Barrington and Metra.

Type:Office, Retail

Property size:

2,705 SF

Price / SF:

$160/SF

HighLights

Move‑in ready, boutique 2‑story office building with 2700+ sq. ft.
Includes a large reception area, 7+ offices, conference room, lounge with fireplace, and kitchenette.
13 parking spaces included.
Close proximity to downtown Barrington shopping and Metra station.
Flexible B‑4 zoning allows for a variety of office and retail uses.
Features a recently updated HVAC system (1‑year‑old A/C, 5‑year‑old furnace, 2‑year‑old hot water tank).

We can help!

Contact an agent

Christopher Demos

Learn more

For Sale

Contact for pricing

Move-in ready office building near downtown Barrington and Metra.

Type:Office, Retail

Property size:

2,705 SF

Price / SF:

$160/SF

Added:: Aug 1, 2024
Days on Market:: 704
Last Refresh:: Mar 16 at 1:21 pm

Property Features for 438 N Hough Street

General Information

Standard status: Active
Size: 2,705 SF
Property subtype: Office, Retail

Building Details

Year Built: 1920

We can help!

Contact an agent

Christopher Demos

Listing office Century 21 Elm, Realtors

Listing date Aug 1, 2024

Source Crexi

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 Century 21 Elm, Realtors

HighLights

Move‑in ready, boutique 2‑story office building with 2700+ sq. ft.
Includes a large reception area, 7+ offices, conference room, lounge with fireplace, and kitchenette.
13 parking spaces included.
Close proximity to downtown Barrington shopping and Metra station.
Flexible B‑4 zoning allows for a variety of office and retail uses.
Features a recently updated HVAC system (1‑year‑old A/C, 5‑year‑old furnace, 2‑year‑old hot water tank).

Overview

This two-story boutique 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. Zoned B-4, the building allows for a flexible list of uses under the Office and Retail categories. The layout features a large reception area, seven or more offices, a conference room, and a lounge area with a fireplace. Additional amenities include a kitchenette, two bathrooms, and a basement for storage. An outdoor patio is also included. The building is equipped with central air conditioning and forced air heat. The air conditioning unit is one year old, the furnace is five years old, and the hot water tank is two years old. The property is suitable for both sale and lease.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.4k	$21.60
− Vacancy	−$4.8k	−$1.77
EGI	$53.6k	$19.83
− OpEx	−$16.1k	−$5.95
NOI	$37.5k	$13.88

2,705 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$536.4K

$469.3K – $625.8K (±1% cap)

NOI $37,546 @ 7.0% cap · market cap 8.63%

Second Best

Office B

$532.8K

$466.2K – $621.6K (±1% cap)

NOI $37,298 @ 7.0% cap · market cap 8.57%

Theoretical Best

Office A

$933.9K

$817.2K – $1.09M (±1% cap)

NOI $65,374 @ 7.0% cap · market cap 15.03%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Barrington
County: Cook
State: Illinois
Longitude: -88.1363579
Latitude: 42.1585158

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For sale
Office buildings
IL
Barrington
60010
438 N Hough Street

What type of property is this?

Office building - Move-in ready office building near downtown Barrington and Metra.

Where is this office building located?

The property is located at 438 N Hough Street 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.; Includes a large reception area, 7+ offices, conference room, lounge with fireplace, and kitchenette.; 13 parking spaces included.