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Move-in Ready Boutique Office Building

438 N Hough St., Barrington, IL 60010

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For Sale

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Two-story office building near downtown Barrington with flexible zoning.

Type:Office

Property size:

2,705 SF

Price / SF:

$160/SF

HighLights

Move‑in ready, boutique 2‑story office building with 2700+ sq. ft.
Benefit from 13 parking spaces, a significant amenity.
Close proximity to downtown Barrington shopping and Metra station.
B‑4 zoning allows for flexible office and retail uses.
Features a large reception area, 7+ offices, conference room, lounge with fireplace, kitchenette, and 2 bathrooms.
Newer HVAC components: 1‑year‑old air conditioning, 5‑year‑old furnace, and 2‑year‑old hot water tank.

We can help!

Contact an agent

Christopher Demos

Learn more

For Sale

Contact for pricing

Two-story office building near downtown Barrington with flexible zoning.

Type:Office

Property size:

2,705 SF

Price / SF:

$160/SF

Added:: Jul 12, 2024
Days on Market:: 726
Last Refresh:: Jul 2 at 6:12 am

Property Features for 438 N Hough St.

General Information

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

Building Details

Year Built: 1920

We can help!

Contact an agent

Christopher Demos

Listing office @properties

Listing date Jul 12, 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 @properties

HighLights

Move‑in ready, boutique 2‑story office building with 2700+ sq. ft.
Benefit from 13 parking spaces, a significant amenity.
Close proximity to downtown Barrington shopping and Metra station.
B‑4 zoning allows for flexible office and retail uses.
Features a large reception area, 7+ offices, conference room, lounge with fireplace, kitchenette, and 2 bathrooms.
Newer HVAC components: 1‑year‑old air conditioning, 5‑year‑old furnace, and 2‑year‑old hot water tank.

Overview

This two-story 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. The B-4 zoning allows for a flexible list of uses under the Office and Retail categories. The layout includes a large reception area, 7 or more offices, a conference room, and a lounge area with a fireplace. Additional features include a kitchenette, 2 bathrooms, and a basement for storage. An outdoor patio is also present. The building is equipped with central air conditioning and forced air heat. The air conditioning unit is 1 year old, the furnace is 5 years old, and the hot water tank is 2 years old. This property is available for sale or for lease.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$66.2k	$24.48
− Vacancy	−$16.5k	−$6.10
EGI	$49.7k	$18.38
− OpEx	−$12.4k	−$4.60
NOI	$37.3k	$13.79

2,705 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$532.8K

$466.2K – $621.6K (±1% cap)

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

Second Best

—

no second resolved use

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 St.

What type of property is this?

Office building - Two-story office building near downtown Barrington with flexible zoning.

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.; Benefit from **13 parking spaces**, a significant amenity.; Close proximity to downtown Barrington shopping and Metra station.