Vacant 1,954 SF office condominium — four private offices, an 18' x 13' conference room behind french doors, and a 30-foot reception. $275,000, immediate occupancy.

Suite 204 at 1880 W Winchester Road is a 1,954 SF office condominium for sale at $275,000 — about $141 per square foot — and it is completely vacant. The plan runs four private offices (20' x 14', 18' x 12', 18' x 12' and 16' x 11'), an 18' x 13' conference room behind french doors, a 30' x 11' reception and waiting area, an 18' x 8' kitchen/breakroom, a 10' x 9' storage room, two closets and two private restrooms inside the suite. Carpet, paint, ceiling tiles and lighting all show as recently refreshed. It sits on the second floor of a well-maintained two-story elevator building with common on-site parking, and it can be occupied the day it closes.
Most professional firms at this size are choosing between two bad options: keep renting in someone else's building, where the rent escalates every year and nothing accrues at the end of it, or buy a whole freestanding office building — more space than a four-person practice needs, at several times the price. This is the middle. You own 1,954 SF outright for $275,000, and the association handles the roof, the exterior, the landscaping, the snow and the common areas for $358 a month. Because the suite is empty, there is no demolition, no tenant to relocate and no existing furniture plan to design around.
What makes the plan unusual at this size is how little of it is hallway. The five closed rooms — four offices and the conference room — total roughly 1,122 SF, and the labeled rooms including reception, breakroom and storage come to about 1,686 SF of the 1,954. That leaves roughly 14 percent for restrooms, closets and circulation, where a lot of 2,000 SF suites give up a quarter or more. Five closed doors and a 30-foot reception in under 2,000 feet is an efficient plan, not a chopped-up one. There is also room to read it differently: the floor plan labels all five rooms as offices, and it is the french doors that make the 18' x 13' the natural conference room — so a firm that would rather have five private offices and take meetings in the reception area can do that without moving a wall.
The zoning is the part most buyers assume they will have to fight for, and here they do not. The property is in Libertyville's O-2 Office, Manufacturing and Distribution Park District, where offices of physicians, offices of dentists, offices of other health practitioners, and medical and diagnostic laboratories are all permitted uses — by right, not by 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. Buyer to verify all uses with the Village of Libertyville and review the condominium declaration in due diligence.















1,954 SF of finished second-floor office — four private offices up to 20' x 14', an 18' x 13' conference room behind french doors, a 30' x 11' reception, an 18' x 8' kitchen/breakroom, storage and two private restrooms — completely empty, with carpet, paint, ceiling tiles and lighting all recently refreshed.
French doors make this the meeting room without anyone having to build one. The floor plan labels it Office like the other four, so a firm that needs a fifth private office instead can simply use it that way.
The biggest room in the suite, and the natural principal or partner office.
West side of the suite, next to the largest office.
East side of the suite, off the reception corridor with two closets alongside it.
The smallest of the four, at the south end of the suite.
Thirty feet of front-of-house — room for a reception desk and a real waiting area, not a vestibule.
Built-in counter and sink per the floor plan.
A dedicated, enclosed storage room — files and supplies stay out of the offices.
Both restrooms are within Suite 204, not down a shared corridor — a practical advantage for any client-facing or medical user, and one fewer buildout item to solve.
The four offices, the conference room, reception, breakroom and storage account for roughly 1,686 SF, leaving about 268 SF for restrooms, closets and hallway. Many 2,000 SF suites give up a quarter or more. Buyer to verify all dimensions in due diligence.
Schematic; dimensions approximate; buyer to verify.
Asking price, the two most recent tax years and the association assessment — plus two public records worth checking before you underwrite it. All figures seller-provided or estimated; buyer to verify in due diligence.
| Line Item | Amount | Per SF / Year |
|---|---|---|
| Asking Price | $275,000 | $141 / SF |
| Real Estate Taxes (2024) | $6,553 | $3.35 |
| Real Estate Taxes (2023) | $7,010 | $3.59 |
| Association Assessment | $4,296 / yr ($358 / mo) | $2.20 |
| Taxes + Assessment | $10,849 / yr | $5.55 |
Two public records that bear on the carrying cost. First, the unit's tax code is 11038, whose 2025 composite rate is 7.462% per the Lake County Clerk — well below the 9.06% median across 276 Lake County tax codes, so the tax load here is on the light end for the county. Second, the Lake County Assessor carries Suite 204 at an equalized assessed value of $87,946 (Lake County GIS), which at Illinois' 33 1/3% commercial assessment level implies a market value near $264,000 — within roughly 4% of the asking price. Real estate taxes fell from $7,010 in 2023 to $6,553 in 2024, a decrease of $457 or 6.5%. Taxes, assessments, room dimensions and square footage are seller-provided or drawn from public record and must be independently verified by buyer in due diligence; a single year's assessment or rate is not a forecast of future bills.
Well suited to a range of approved uses under O-2, Village of Libertyville zoning — confirm your specific use and parking with the municipality.
Check any address against the village code with the Commercial Zoning Lookup →
1880 W Winchester Road sits on the north side of W Winchester Road in west Libertyville, minutes from downtown, with direct access to Milwaukee Avenue (Route 21), Route 137 (Peterson Road), Butterfield Road and US Route 45. The corridor is Libertyville's established business-park spine — the surrounding O-2 district runs along Winchester Road past Technology Way, USG Drive and Innovation Way. I-94 is a short drive east via Route 137. The trade area draws from Libertyville, Mundelein, Vernon Hills, Green Oaks, Grayslake, Gurnee, Lake Forest and Lake Bluff, on one of Lake County's strongest daytime business and residential bases.
$275,000 — about $141 per square foot on 1,954 SF. The sale is offered to an owner-user and the suite is vacant, so occupancy is immediate. Contact Jason Bitton at (847) 858-2909 for the full offering details. All figures seller-provided or estimated; buyer to verify in due diligence.
Four private offices — 20' x 14', 18' x 12', 18' x 12' and 16' x 11' — plus an 18' x 13' conference room behind french doors. That is five closed rooms totalling roughly 1,122 SF. The floor plan labels all five as offices, so a firm that would rather have five private offices and take meetings in the 30' x 11' reception area can use it that way. The 20' x 14' is the largest room in the suite. The suite also has an 18' x 8' kitchen/breakroom, a 10' x 9' storage room, two closets and two private restrooms. Buyer to verify all dimensions in due diligence.
The property is zoned O-2 Office, Manufacturing and Distribution Park District (Village of Libertyville Code Ch. 26, Sec. 26-6-3; codified through Ord. No. 25-O-43, enacted August 12, 2025, Supp. No. 61). Permitted as of right under Sec. 26-6-3.2: offices of physicians, offices of dentists, offices of other health practitioners, medical and diagnostic laboratories, outpatient sleep disorder clinics, legal services, accounting and tax preparation, architectural and engineering services, computer systems design, advertising and public relations, financial and insurance, management of companies, office administrative and business support services, employment services, scientific research and development, shared workspaces, and child day care services. Veterinary services, pharmacies and fitness centers require a special use permit under Sec. 26-16-9 and are not guaranteed. The condominium declaration may further limit uses within the building. Buyer to verify all uses independently with the Village of Libertyville before purchase.
Real estate taxes were $6,553 in 2024 and $7,010 in 2023 — down $457, or 6.5%. The association assessment is $358 per month ($4,296 per year) and covers landscaping, snow removal and common-area maintenance. Together that is $10,849 a year, or about $5.55 per square foot. The unit sits in tax code 11038, whose 2025 composite rate is 7.462% per the Lake County Clerk, below the 9.06% median across 276 Lake County tax codes. Buyer to verify all figures in due diligence.
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