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Vacant Office Condominium with Efficient Layout
New
For Sale
$275,000

1880 W Winchester Road #204, Libertyville, IL 60048

Second-floor suite offers private offices, conference space, kitchen, restrooms, and immediate occupancy.

Property Size1,954 SF
Price / SF$140.74
Days on Market4

Property Features for 1880 W Winchester Road #204

General Information

Standard status Active
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

Taxes and HOA fees

Annual Taxes $6,553

Amenities

Central air
Central Air Cooling

Building Details

Year Built 2003
Buildings 1
Stories 2
Owner Occupied No
Listing Agency: RE/MAX SUBURBAN
Listed By: JASON BITTON · License #475170841
Source: Corcoran
Added: Aug 14 Changed: Aug 16 Last Checked: Aug 17 at 6:49AM

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 SF office condominium on the second floor of a 2003 two-story elevator building. The interior includes four private offices, an 18x13 conference room behind French doors, a 30x11 reception and waiting area, an 18x8 kitchen/breakroom, a 10x9 storage room, two closets, and two private restrooms. Carpet, paint, ceiling tiles, and lighting have been refreshed, allowing occupancy without a buildout. The floor plan also provides flexibility for a fifth private office, subject to the buyer’s intended configuration.

The property is located at 1880 W Winchester Road in Libertyville, with access to Milwaukee Avenue, Route 137, Butterfield Road, and US Route 45. I-94 is accessible via Route 137. The building provides an elevator and common on-site parking. O-2 zoning permits physician, dental, other health practitioner, and medical or diagnostic laboratory offices by right, along with numerous professional office uses.

Key Highlights

  • 1,954 SF vacant office condominium with immediate occupancy
  • Four private offices plus an 18x13 conference room and 30x11 reception area
  • 18x8 kitchen/breakroom, 10x9 storage room, two closets, and two private restrooms

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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Second-floor suite offers private offices, conference space, kitchen, restrooms, and immediate occupancy.
Where is this office units located?
The property is located at 1880 W Winchester Road #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 and 30x11 reception area; 18x8 kitchen/breakroom, 10x9 storage room, two closets, and two private restrooms
More about this property
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