Property Description

Vacant 1,954 SF office condominium in west Libertyville, offered at $275,000 - about $141 per square foot - with immediate occupancy. Four private offices (20x14, 18x12, 18x12 and 16x11), an 18x13 conference room set behind french doors, a 30x11 reception and waiting area, an 18x8 kitchen/breakroom, a 10x9 storage room, two closets and two private restrooms inside the suite. Carpet, paint, ceiling tiles and lighting all show as recently refreshed, so the space is ready to occupy with no buildout. The plan is unusually efficient for its size. Labeled rooms account for roughly 1,686 SF of the 1,954 SF, leaving small ammount for restrooms, closets and circulation, where many 2,000 SF suites give up a quarter or more. Five closed doors plus a thirty-foot reception in under 2,000 feet is an efficient layout, not a chopped-up one. The floor plan labels all five closed rooms as offices, so a buyer who wants a fifth private office and prefers to meet in the reception area can use it that way without moving a wall. Suite 204 sits on the second floor of a well-maintained 2003 two-story elevator building with common on-site parking. The association covers roof, exterior, landscaping, snow removal and common areas for $358 per month ($4,296 per year). Real estate taxes were $6,553 in 2024 and $7,010 in 2023. Taxes plus assessment total $10,849 per year, or $5.55 per square foot. Zoned O-2, Office, Manufacturing and Distribution Park District, Village of Libertyville. Offices of physicians, offices of dentists, offices of other health practitioners, and medical and diagnostic laboratories are permitted by right, not by special use hearing. Legal, accounting, engineering, architectural, computer systems design, advertising, employment services and management-of-companies offices are on the same by-right list, along with child day care services, shared workspaces and outpatient sleep disorder clinics. For a medical or dental buyer this removes the entitlement risk that stalls most small office deals. PIN 11-18-100-059. Located on the north side of West Winchester Road minutes from downtown Libertyville, with direct access to Milwaukee Avenue (Route 21), Route 137 (Peterson Road), Butterfield Road and US Route 45; I-94 is a short drive east via Route 137. The corridor is Libertyville's established business-park spine. Trade area draws from Libertyville, Mundelein, Vernon Hills, Green Oaks, Grayslake, Gurnee, Lake Forest and Lake Bluff. Ideal for an owner-user professional or medical practice trading out of a lease. Square footage, room dimensions, taxes, assessments and zoning are seller-provided or drawn from public record and must be independently verified by buyer in due diligence. Buyer to confirm use and parking with the Village of Libertyville and review the condominium declaration, bylaws and budget.