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

1880 W Winchester Road, Libertyville, IL 60048

COMMERCIAL - Libertyville, IL

Property Size1,954 SF
Lot Size4.39 Acres
Price / SF$140.74
Days on Market6

Property Features for 1880 W Winchester Road

General Information

Property type Commercial Sale
Property subtype Office
Zoning OFFIC
Directions Butterfield Road north to Winchester Road, west to building #.
Subdivision Green Oaks / Libertyville
Standard status Active
APN 11181000590000
Lot size 4.39 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 6553

Utilities

Utilities Cable Available
Cooling system Central Air

Building Details

Year built 2003
Floors in Building 2
Number of units 1
Flooring type Tile, Carpet
Building materials Brick, Concrete, Steel Siding
Listing Agency: RE/MAX Suburban · RE/MAX International
Listed By: Jason Bitton · License #475170841
Added: Aug 12 Changed: Aug 13 Last Checked: Aug 17 at 6:06AM
MLS# 12731682

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This vacant office condominium occupies Suite 204 on the second floor of a two-story elevator building constructed in 2003. The 1,954 SF interior includes four private offices, an 18x13 conference room enclosed by French doors, a reception and waiting area, kitchen/breakroom, storage, two closets, and two private restrooms. Carpet, paint, ceiling tiles, and lighting have been recently refreshed. The floor plan also provides flexibility for a fifth private office by reassigning one of the enclosed rooms.

The property is positioned on the north side of West Winchester Road in Libertyville, with access to Milwaukee Avenue (Route 21), Route 137 (Peterson Road), Butterfield Road, and US Route 45. I-94 is accessible via Route 137. Common on-site parking is provided, and the building includes brick, concrete, and steel siding construction with central air conditioning.

Key Highlights

  • 1,954 SF vacant office condominium in Suite 204
  • 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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

589
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 second-floor suite with refreshed finishes, private rooms, and immediate occupancy potential.
Where is this office units located?
The property is located at 1880 W Winchester Road 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 in Suite 204; 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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