Two-Unit Office
For Sale
$1,200,000
400 W Northwest Hwy, Barrington, IL 60010
Separate office suites support distinct occupancy and leasing arrangements within one commercial building.
Property Size7,366 SF
Price / SF$162.91
Days on Market49
Property Features for 400 W Northwest Hwy
General Information
Standard status
Active
Size
7,366 SF
Total Parking Spaces
24
Additional Details
Utilities to Site
Yes
Office Units
2
Building Details
Year Built
1994
Buildings
1
Listing Agency:
Property Up Inc.
Listed By:
John Herman · License #471017853
(630) 251-8006
Source:
Amyboston.realtopiare
Added: Sep 6
Changed: Oct 6
Last Checked: Oct 7 at 4:20PM
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 Property Up Inc.
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Investment Insights
Based on property information with market context.
This 7,366-square-foot office building contains two separate units, allowing the larger space to serve as an operating location while the second unit is leased independently. The interior includes multiple office areas with running water, and the property was built in 1994. Twenty-four parking spaces serve the building.
Positioned at 400 W Northwest Hwy in Barrington, the property benefits from exposure to more than 10,000 vehicles per day. Brick signage provides a substantial on-site identification feature for the business occupants.
Positioned at 400 W Northwest Hwy in Barrington, the property benefits from exposure to more than 10,000 vehicles per day. Brick signage provides a substantial on-site identification feature for the business occupants.
Key Highlights
- 7,366‑square‑foot office building with two separate units
- 24 parking spaces included
- Multiple internal office areas with running water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,565
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,031,300
$2.0M
Cap Rate 7%
$1,450,929
$1.5M
Cap Rate 9%
$1,128,500
$1.1M
Market Conditions
NOI Build-Up for 7,366 SF
Gross rent
$180.3K $24.48/SF
− Vacancy
−$44.9K −$6.10/SF
EGI
$135.4K $18.38/SF
− OpEx
−$33.9K −$4.60/SF
NOI
$101.6K $13.79/SF
Area
Cook County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,031,300
Cap Rate 7%
$1,450,929
Cap Rate 9%
$1,128,500
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,565 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.54M
$2.23M – $2.97M
NOI $178,020 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,902
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Separate office suites support distinct occupancy and leasing arrangements within one commercial building.
Where is this office building located?
The property is located at 400 W Northwest Hwy Barrington, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7,366‑square‑foot office building with two separate units; 24 parking spaces included; Multiple internal office areas with running water
