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Efficient Second-Floor Office Condominium
For Sale
$275,000

1880 W Winchester Road, Libertyville, IL 60048

Commercial Sale, Libertyville, IL

Property Size1,954 SF
Lot Size4.39 Acres
Price / SF$140.74
Days on Market19

Property Features for 1880 W Winchester Road

General Information

Property type Commercial Sale
Property subtype Office
Zoning OFFIC
Directions Butterfield Road north to Winchester Road, west to building #.
Subdivision Green Oaks / Libertyville
Standard status Active
APN 11181000590000
Lot size 4.39 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 6553

Utilities

Utilities Cable Available
Cooling system Central Air

Building Details

Year built 2003
Floors in Building 2
Number of units 1
Flooring type Carpet, Tile
Building materials Brick, Concrete, Steel Siding
Listing Agency: RE/MAX Suburban · RE/MAX International
Listed By: Jason Bitton · License #475170841
Added: Aug 12 Changed: Aug 20 Last Checked: Aug 30 at 3:06AM
MLS# 12731682

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Suite 204 is a vacant 1,954-square-foot office condominium on the second floor of a two-story elevator building completed in 2003. The interior includes four private offices, an 18-by-13-foot conference room enclosed by French doors, a 30-by-11-foot reception and waiting area, an 18-by-8-foot kitchen/breakroom, a 10-by-9-foot storage room, two closets, and two private restrooms. Carpet, paint, ceiling tiles, and lighting have been recently refreshed, allowing immediate occupancy without a buildout.

The property is located at 1880 W Winchester Road in Libertyville, with access to Milwaukee Avenue, Route 137, Butterfield Road, US Route 45, and I-94 via Route 137. Common on-site parking serves the building, which features brick, concrete, and steel siding construction, central air, carpet and tile flooring, and cable availability. The setting is minutes from downtown Libertyville and within an established business-park corridor.

Key Highlights

  • 1,954 SF vacant office condominium with immediate occupancy
  • Four private offices plus an 18x13 conference room behind French doors
  • 30x11 reception and waiting area with 18x8 kitchen/breakroom

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Restaurant Auto Parts Store Nail Salon Parking Lot & Garage Grocery & Convenience Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

594
Businesses Nearby

Demographics for 60048, IL

29,353
Population
10,826
Households
2.7
Avg Household Size
44
Median Age
71%
College-Educated
98%
High-School Grad
28.4 sq mi
ZIP Area
1,034
Density / Sq Mi
$169,283
Median Household Income
$83,333
Median Earnings
$1,569
Median Rent
$535,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Refreshed professional suite with private rooms, conference space, reception area, and on-site parking.
Where is this office units located?
The property is located at 1880 W Winchester Road Libertyville, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,954 SF vacant office condominium with immediate occupancy; Four private offices plus an 18x13 conference room behind French doors; 30x11 reception and waiting area with 18x8 kitchen/breakroom
More about this property
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