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

1880 W Winchester Rd Unit 204, Libertyville, IL 60048

Recently refreshed professional suite with private offices, a conference room, reception area, and immediate occupancy.

Property Size1,954 SF
Days on Market42

Property Features for 1880 W Winchester Rd Unit 204

General Information

Standard status Pending
Size 1,954 SF
Elevators Yes
Property subtype Commercial
Zoning O-2

Financials

Asking Price $275,000
HOA Fee $358

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Floor 2

Building Details

Year Built 2003
Buildings 1
Stories 2
Listing Agency: RE/MAX Suburban
Listed By: Jason Bitton · License #475170841
Source: Searchillinoishomesforsale
Added: Aug 3 Changed: Sep 13 Last Checked: Sep 13 at 3:08PM

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 RE/MAX Suburban

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 constructed in 2003. The interior includes four private offices, an 18-by-13 conference room behind French doors, a 30-by-11 reception and waiting area, an 18-by-8 kitchen/breakroom, a 10-by-9 storage room, two closets, and two private restrooms. Carpet, paint, ceiling tiles, and lighting have been recently refreshed, allowing occupancy without a buildout.

The property is zoned O-2, Office, Manufacturing and Distribution Park District, in the Village of Libertyville. The zoning permits physician, dental, health practitioner, and medical and diagnostic laboratory offices by right, along with legal, accounting, engineering, architectural, computer systems design, advertising, employment services, management-of-companies offices, child day care services, shared workspaces, and outpatient sleep disorder clinics. The condominium is located at 1880 W Winchester Rd with access to Milwaukee Avenue (Route 21), Route 137, Butterfield Road, and US Route 45; I-94 is accessible via Route 137. Common on-site parking is provided.

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

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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

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
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Frequently Asked Questions

What type of property is this?
Office units - Recently refreshed professional suite with private offices, a conference room, reception area, and immediate occupancy.
Where is this office units located?
The property is located at 1880 W Winchester Rd Unit 204 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 an 18x8 kitchen/breakroom
More about this property
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