1525 Grove AveBarrington, IL 60010

Property Details for 1525 Grove Ave

Year built

2007

Lot size

0.19 AC

Property type

Office properties

APN

01-12-400-015-1008

APU

1124000151008

Description

This exceptional 1,760-square-foot office condo presents a unique opportunity for businesses seeking a prestigious Barrington location. Situated near the intersection of Dundee Road and Grove Avenue, this property offers unparalleled convenience and accessibility. The unit boasts a sophisticated interior featuring high-end finishes, reflecting its previous use by a prominent local law firm. The thoughtfully designed layout includes a welcoming reception area, several private offices providing individual workspaces, and a flexible common area perfect for collaboration or additional workstations. A private bathroom adds to the convenience and privacy of the space. Building amenities include an elevator and a well-maintained lobby. In-unit storage is also provided, addressing the need for secure storage within the office itself. Ample parking is available for employees and clients, eliminating parking concerns. This purchase offers significant long-term cost savings by locking in occupancy costs and avoiding future rent increases, making it a smart investment for any business seeking a stable and professional environment. The property's prime location and high-quality build-out make it an exceptional opportunity for a discerning buyer. This is a chance to establish a strong business presence in a desirable Barrington location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,491,802

  6.5%

  $1,377,048

  7%

  $1,278,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $838,785

  Geo Method

  $1,076,126

• Alternative Use

  Use

  Valuation

  Residential

  $1,707,540

  Hospitality

  $1,564,097

  Educational

  $1,301,310

  Medical

  $1,346,065

  Retail

  $2,024,261

Location Insight

City

Barrington

County

Cook

State

Illinois

Latitude

42.1308

Longitude

-88.1289

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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