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    Boutique Office Building For Sale Title is generated by Realmo AI

    438 N Hough Street, Barrington, IL 60010

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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
    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

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    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
    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 $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

    Real Estate Agency Law Firm Spa & Massage Center Restaurant Hair Salon Skin Care Clinic Nail Salon Hotel & Motel Department Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Barrington
    County
    Cook
    State
    Illinois
    Longitude
    -88.1363579
    Latitude
    42.1585158

    FAQs

    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.
    More about this property
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