Office Condo with Private
New
For Sale
$399,900
Pending
1531 S Grove Avenue, Barrington, IL 60010
A second-floor professional suite pairs a multi-office layout with a separately located basement storage room.
Property Size23,341 SF
Days on Market3
Property Features for 1531 S Grove Avenue
General Information
Standard status
Pending
Size
23,341 SF
Elevators
Yes
Property subtype
Office/Tech
Occupancy
100%
Space & Availability
Floor
2
Condition
Turnkey
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$10,618
Amenities
50X100
7
23341
Building Details
Building Size
23,341 SF
Year Built
2004
Year Renovated
2018
Stories
2
Tenancy
Single
Owner Occupied
No
Listing Agency:
(224) 269-8556
Listed By:
Thomas Quigley
Source:
Michanarealestatesolutions
Added: Oct 30
Last Checked: Oct 30 at 2:55PM
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 Thomas Quigley
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Investment Insights
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This 2,145-square-foot office condominium occupies the building’s second floor and includes a 275-square-foot private basement storage room with built-in shelving. Renovated in 2018, the suite has six private offices, a conference room, reception area, kitchenette and in-suite restroom. Exterior windows bring natural light into the space, and access is provided by elevator or a central staircase. A newer furnace and AC unit serve the suite.
The office is within Executive Center Office Park in Barrington. The building was constructed in 2004 and is professionally managed; the association handles the building, roof and parking lot. The current tenant is expected to remain through August 2026, providing rental income to the owner during that period. Directory signage is available at the property.
The office is within Executive Center Office Park in Barrington. The building was constructed in 2004 and is professionally managed; the association handles the building, roof and parking lot. The current tenant is expected to remain through August 2026, providing rental income to the owner during that period. Directory signage is available at the property.
Key Highlights
- 2,145‑square‑foot second‑floor office condominium
- Includes a 275‑square‑foot private basement storage room with built‑in shelving
- Six private offices, conference room, reception area, kitchenette and in‑suite restroom
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A second-floor professional suite pairs a multi-office layout with a separately located basement storage room.
Where is this office unit located?
The property is located at 1531 S Grove Avenue Barrington, IL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,145‑square‑foot second‑floor office condominium; Includes a 275‑square‑foot private basement storage room with built‑in shelving; Six private offices, conference room, reception area, kitchenette and in‑suite restroom
