438 Hough St Barrington, IL 60010-3029
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.