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Turn-Key Office Building
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1604 Colonial, Inverness, IL 60067

Three-story office building offers private offices, open areas, and conference and reception spaces.

Property Size7,740 SF
Days on Market122

Property Features for 1604 Colonial

General Information

Standard status Active
Size 7,740 SF
Property subtype Office, Retail

Amenities

conference room
reception area
kitchen

Building Details

Stories 3
Listing Agency: Block Property Group
Listed By: Greg Block · License #471013661
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 10:56AM

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 Block Property Group

Investment Insights

Based on property information with market context.

A three-story, turn-key office building is available for sale at auction. The property is built out with nine private offices, three open office areas, a conference room, a reception area, and a kitchen. The layout can potentially be divided to accommodate multiple tenants.

Previously used by a bank, the building is located within the Williamsburg Village Office Complex and has a prominent location within that office environment.

This offering provides a ready-to-use office configuration that may appeal to a range of professional office users, including those seeking private offices alongside shared meeting and reception space.

Key Highlights

  • Three‑story office building totaling 7,740 SF, available for sealed bid auction on 10/25
  • Built‑out with nine private offices, three open office areas, a conference room, reception area, and kitchen
  • Can potentially be divided for multiple tenants

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Grocery & Convenience Store Garden Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Locksmith Electrical Service

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

Location Intelligence

Trade Area within ½ mile

499
Businesses Nearby

Demographics for 60067, IL

39,324
Population
16,039
Households
2.5
Avg Household Size
43
Median Age
59%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
3,025
Density / Sq Mi
$121,572
Median Household Income
$64,520
Median Earnings
$1,521
Median Rent
$427,900
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
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Frequently Asked Questions

What type of property is this?
Office building - Three-story office building offers private offices, open areas, and conference and reception spaces.
Where is this office building located?
The property is located at 1604 Colonial Inverness, IL.
What are key features of this property?
This property features: Three‑story office building totaling 7,740 SF, available for sealed bid auction on 10/25; Built‑out with nine private offices, three open office areas, a conference room, reception area, and kitchen; Can potentially be divided for multiple tenants
More about this property
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