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Second-Floor Office Condominium
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1880 W Winchester Road 204, Libertyville, IL 60048

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

Property Size1,954 SF
Price / SF$140.74
Days on Market16

Property Features for 1880 W Winchester Road 204

General Information

Standard status Active
Size 1,954 SF
Class A
Total Parking Spaces 200
Elevators Yes
Property subtype Multifamily, Office
Zoning OFFIC
Investment Type Owner/User

Financials

Asking Price $275,000
HOA Fee $358

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Floor 2
Office Units 1

Building Details

Year Built 2003
Buildings 1
Stories 2
Units 1
Listing Agency: RE/MAX Suburban
Listed By: Jason Bitton · License #IL475170841
Source: Crexi
Added: Aug 13 Changed: Aug 27 Last Checked: Aug 27 at 11:06PM

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.

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

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

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 - 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 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 behind French doors; 30x11 reception and waiting area with an 18x8 kitchen/breakroom
(847) 367-8686 Call to check price and availability
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