Search
Second-Floor Office Condominium
For Sale
$1,570,000

1880 W Winchester Rd, Libertyville, IL 60048

Vacant, refreshed office suite with private rooms, conference space, reception, breakroom, and immediate occupancy.

Property Size50,000 SF
Price / SF$3,488
Days on Market34

Property Features for 1880 W Winchester Rd

General Information

Standard status Active
Size 50,000 SF
Elevators Yes
Property subtype Office Medical
Zoning O-2
Occupancy 100%

Financials

Asking Price $275,000
HOA Fee $358

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Floor 2
Office Units 1

Amenities

Corporate Guarantee
Nine Years of Lease Term Remaining
Absolute-Net

Building Details

Building Size 50,000 SF
Year Built 2003
Buildings 1
Stories 2
Listed By: Frank Roti · License #License(s): IL: 475.139806
Source: Marcusmillichap
Added: Aug 25 Changed: Sep 14 Last Checked: Sep 26 at 3:34AM

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 Frank Roti

Investment Insights

Based on property information with market context.

This vacant second-floor office condominium provides 1,954 SF in a 2003 two-story elevator building. The suite includes four private offices, an enclosed conference room, reception and waiting space, a kitchen/breakroom, storage, two closets, and two private restrooms. Carpet, paint, ceiling tiles, and lighting have been recently refreshed, allowing the space to be occupied without a buildout. Common on-site parking is available.

The property is on West Winchester Road in Libertyville, with access to Milwaukee Avenue, Route 137, Butterfield Road, and US Route 45. I-94 is accessible via Route 137, and downtown Libertyville is minutes away. The surrounding trade area includes Libertyville, Mundelein, Vernon Hills, Green Oaks, Grayslake, Gurnee, Lake Forest, and Lake Bluff.

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 an 18x8 kitchen/breakroom

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - Vacant, refreshed office suite with private rooms, conference space, reception, breakroom, and immediate occupancy.
Where is this office units located?
The property is located at 1880 W Winchester Rd Libertyville, IL.
What is the asking price?
The asking price for this property is $1,570,000.
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 an 18x8 kitchen/breakroom
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message