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    438 Hough St Barrington, IL 60010

    For Sale
    $435,000

    Move-in ready, 2705 sq ft office.

    Property size:
    2,705 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This charming, two-story, 2,705-square-foot creative office building in Barrington, Illinois, is available for sale at $435,000. Built in 1920, this Class C property sits on an 8,320-square-foot lot and offers 13 parking spaces, exceeding the typical parking ratio for this size building. The building features a spacious reception area, seven or more individual offices, a conference room, a comfortable lounge area with a fireplace, a convenient kitchenette, and two bathrooms. Additional storage space is available in the basement. Enjoy the convenience of an outdoor patio. The property boasts recently updated mechanical systems: the air conditioning is one year old, the furnace is five years old, and the hot water tank is two years old. The building is currently vacant and ready for immediate occupancy. The B-4 zoning allows for flexible use within the office and retail categories. This owner-user investment opportunity is ideally located near downtown Barrington's shopping district and within walking distance of the Metra train station, providing excellent accessibility and high visibility. The property is a gross lease, with utilities and garbage disposal as tenant responsibilities. Renters insurance and an HVAC maintenance contract are required.

    Property Features for 438 Hough St

    General Information

    Property type
    Office space
    Square Feet
    2,705 SF
    Class
    C

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    2

    HighLights

    • 2,705 SF of rentable space.
    • 13 dedicated parking spaces.
    • High traffic location with over 16,000 vehicles per day.
    • Seven or more private offices.
    • Conference room and open workspace.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Barrington
    County
    Lake
    State
    Illinois
    Longitude
    -88.13614877003
    Latitude
    42.158380766777

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    FAQs

    What type of property is this?
    Office space - Move-in ready, 2705 sq ft office.
    Where is this office space located?
    The property is located at 438 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: 2,705 SF of rentable space.; 13 dedicated parking spaces.; High traffic location with over 16,000 vehicles per day.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    438 Hough St Barrington, IL 60010
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