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1531 S Grove Avenue Barrington, IL 60010 Commercial - Office New

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Description

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 Highlights

Property Type: Commercial - Office
Building Description: 2.0 stories
Year Built: 2004
Lot Size: 7.00 acres

General Information

County: Cook
Listed By:
Sperry Van Ness 312-676-1866
MRED MLS
$424,900
Est. $2,699/mo
New to the Market New
SQUARE FEET23,341 MLS#12589655
STATUSNew PROPERTY TYPECommercial - Office

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1531 S Grove Avenue, Barrington, IL 60010.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $424,900$424,900$424,900
Down Payment $84,980$14,872$106,225
Monthly Mortgage Amount $1,984$2,435$2,583
Taxes $591$591$591
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$187$0
Monthly Estimated Total $2,699$3,337$3,298

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