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Updated Office Condominium

28085 N Ashley Circle, Libertyville, IL 60048

For Sale
$315,000

Commercial Sale, Libertyville, IL

Property Size3,000 SF
Lot Size0.92 Acres
Price / SF$105
Days on Market237

Property Features for 28085 N Ashley Circle

General Information

Property type Commercial Sale
Property subtype Office
Zoning OFFIC
Directions RT. 176 E OF I94 TO BRADLEY RD S TO PETRONELLA W TO ASHLEY CIRCLE S TO #
Subdivision Green Oaks / Libertyville
Standard status Active
APN 11234010690000
Lot size 0.92 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5690

Utilities

Cooling system Central Air

Amenities

parkside seating
landscaped pond
lunch patio
mature trees

Building Details

Year built 1992
Floors in Building 2
Building materials Brick
Listing Agency: RE/MAX Suburban · RE/MAX International
Listed By: Jason Bitton · License IL #475170841
Added: Mar 20 Changed: Oct 3 Last Checked: Nov 11 at 3:06PM
MLS# 12597651

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.

Rey
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Investment Insights

Based on property information with market context.

This updated office condominium at 28085 N Ashley Circle provides a professional setting with seven private offices, three common areas, a conference room beneath a skylight, a full kitchenette, dedicated storage closets, and two modern restrooms. Oversized windows, additional skylights, and architectural ledges bring natural light and display flexibility throughout the suite. Brick construction and central air complement the interior improvements.

The property includes access to landscaped park seating and a lunch patio overlooking a pond. Regional connectivity is provided by the Tri-State Tollway, including I-94/294, and Route 60, with Libertyville, Vernon Hills, Lake Bluff, and Lake Forest identified in the surrounding service area. The property is zoned OFFIC, was built in 1992, and occupies 0.9183 acres.

Key Highlights

  • Seven private offices with oversized windows
  • Three common areas plus a skylit conference room
  • Full kitchenette, dedicated storage closets, and two modern restrooms

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Big Box & Wholesale Store Pharmacy Hotel & Motel (Bike/Boat/Book/etc) Store Auto Parts Store Bakery

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

Location Intelligence

Trade Area within ½ mile

416
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
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Market

Average Price Trend$/SF for Office Units in Libertyville, IL

$297 Jul
$169 Aug
$567 Sep
$151 Oct

Properties on Market for Office Units in Libertyville

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Seven private offices, shared work areas, a skylit conference room, kitchenette, storage, and two restrooms support professional operations.
Where is this office unit located?
The property is located at 28085 N Ashley Circle Libertyville, IL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Seven private offices with oversized windows; Three common areas plus a skylit conference room; Full kitchenette, dedicated storage closets, and two modern restrooms
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