Boutique Office Building For
For Sale
$435,000
438 N Hough St, Barrington, IL 60010
Move-in ready office building near downtown Barrington and Metra.
Property Size2,705 SF
Price / SF$160.81
Days on Market207
Property Features for 438 N Hough St
General Information
Standard status
Active
Size
2,705 SF
Building Details
Year Built
1920
Listing Agency:
@properties Christie's International Real Estate
Listed By:
Christopher Demos · License #475135317
(847) 692-5522
Source:
Bktchicago
Added: Mar 27
Changed: Oct 5
Last Checked: Oct 7 at 1:06PM
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 Christie's International Real Estate
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,546
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,920
$750.9K
Cap Rate 7%
$536,371
$536.4K
Cap Rate 9%
$417,178
$417.2K
Market Conditions
NOI Build-Up for 2,705 SF
Gross rent
$58.4K $21.60/SF
− Vacancy
−$4.8K −$1.77/SF
EGI
$53.6K $19.83/SF
− OpEx
−$16.1K −$5.95/SF
NOI
$37.5K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,920
Cap Rate 7%
$536,371
Cap Rate 9%
$417,178
Alternative Uses
Best Use
Retail
$536.4K
$469.3K – $625.8K
NOI $37,546 @ 7.0% cap · market cap 8.63%
Second Best
Office B
$532.8K
$466.2K – $621.6K
NOI $37,298 @ 7.0% cap · market cap 8.57%
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,129
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
Check the figures for this property
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 - Move-in ready office building near downtown Barrington and Metra.
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.; Includes a large reception area, 7+ offices, conference room, lounge with fireplace, and kitchenette.; 13 parking spaces included.
