Property profile

1531 S Grove Ave Barrington, IL 60010

FOR SALE
Office Units
Property ID
US28-0002862
Built 2004
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Property summary

AI-generated overview

1531 Grove is a beautifully built-out 2,145 SF office condominium located in the prestigious Executive Center Office Park in Barrington. This second-floor office suite offers a refined professional setting, ideal for businesses seeking a turnkey space with high-end finishes and a functional layout. Renovated in 2018, the suite features six private offices, a large conference room, a modern kitchenette, a welcoming reception area, and an in-suite restroom. With expansive exterior windows throughout, natural lighting is plentiful within the condo. The space is equipped with a newer furnace and AC unit, and the property is professionally managed, with an association taking care of the building, roof, and parking lot. Included with the condo is a 275 SF private storage room with built-in shelving, located in the building's basement. The second-floor unit is easily accessible via elevator or a wide central staircase. The building has a large parking lot, and signage is available on the prominent street directory, offering excellent visibility within the professional office park. Current tenant occupying the condo until Aug. 2026, and new owner can collect rental income.

Property profile

Verified
Property type Office Units
Year built 2004
UPID US28-0002862

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Financial Advisor
  • Dental Office
  • Counselor

Location

1531 S Grove Ave Barrington, IL 60010
Barrington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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