South Barrington Office Center
33 W Higgins Rd South Barrington, IL 60010
33 W Higgins Rd, South Barrington, IL, 60010
$9,500,000
For Sale
$9,500,000
Stabilized office portfolio in affluent South Barrington, 94% leased.
Property Size108,340 SF
Lot Size10.87 Acres
Price / SF$87.69
Days on Market111
Property Features for 33 W Higgins Rd
General Information
- Standard status
- Active
- Size
- 108,340 SF
- Lot size
- 10.87 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1981
Listing agency
Chicago Downtown Office
(312) 327-5412
Listed by
John Abuja, CCIM · License #License(s): IL: 471.007675
(312) 327-5412
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 3:56PM Checked: Jul 21 at 3:04AM
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Investment Insights
Based on property information with market context.
The South Barrington Office Center is a portfolio of ten single-story office buildings totaling 108,340 square feet, situated on 10.87 acres. The property comprises 63 individual suites and is 94% leased to a mix of medical, professional, and service-oriented tenants, with leases extending to at least 2027. Located in an affluent Northwest Chicago community, the property fronts Higgins Road and has direct visibility to Interstate 90. The location is just west of The Arboretum of South Barrington, an open-air lifestyle center with retail, dining, and entertainment, providing convenient access to Route 59, Barrington Road, and Interstate 90. There have been 22 new leases signed since March and 8 renewals since June. Average rents on new leases are $18.50 per square foot. Base year stops in leases protect new ownership from expense increases.
Key Highlights
- High Occupancy: 94% leased to a diverse mix of tenants, providing a durable income stream.
- Attractive Returns: 9.79% going‑in Cap Rate and 11.19% Leveraged Cash‑on‑Cash return based on a Yearly NOI of $930,278.
- Strong Leasing Activity: 22 new leases signed since March 2025 and 8 renewals since June 2025, indicating robust demand.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
DeBari Enterprises
Big Box & Wholesale Store
Rick Kleinvehn Diamond ...
Big Box & Wholesale Store
Lina Garcia, DDS, ...
Dental Office
Shandley Kane Dental
Dental Office
American National Title
Title Company
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FAQs
What type of property is this?
Office building - Stabilized office portfolio in affluent South Barrington, 94% leased.
Where is this office building located?
The property is located at 33 W Higgins Rd South Barrington, IL.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: High Occupancy: 94% leased to a diverse mix of tenants, providing a durable income stream.; Attractive Returns: 9.79% going‑in Cap Rate and 11.19% Leveraged Cash‑on‑Cash return based on a Yearly NOI of $930,278.; Strong Leasing Activity: 22 new leases signed since March 2025 and 8 renewals since June 2025, indicating robust demand.
