Listing provided courtesy of Sperry Van NessMREDas Distributed by MLSGrid- MLS# 12589655MLS Provider

1531 S Grove AvenueBarrington, IL 60010

Commercial · 23,341 Sq. ft. | 7.00 Acres
$399,900 Active

1531 S Grove Avenue Overview

Time on Site:
110 days
Visits:
0

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.

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1531 S Grove Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 23,341
  • Price/Sq.ft. $17
  • Lot 7.00 Acres

Details

General

Income/Expenses

  • Existing Lease Type: N/A
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 12287

Building Information

  • Year Built: 2004

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Barrington Area

Tax Information

  • Tax Annual Amount: $10,618.00
  • Tax Year: 2024

General Information

  • Parcel Number: 01124000111001
  • Property Sub Type: Condominium
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 23341

General Information

  • Cooling: Central Individual
  • Electric: Separate Meters
  • Leasable Area: 2145
  • Stories: 2

Unit Information

  • Unit SqFt.: 2145

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 7
  • Lot Size Dimensions: 50X100
  • Lot Size Square Feet: 304920

1531 S Grove Avenue Neighborhood

Community

60010 (NORTH BARRINGTON) Demographics

47
Median Age
606
Population Density (per sq. mile)
73%
College Educated
$146,505
Estimated Median Income
14,705
Estimated Total Home Owners
1,978
Estimated Total Renters
88% / 12%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1531 S Grove Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1531 S Grove Avenue Market Data

Based on the last 30 days in this zip code

$1,190,250
Average List Price
$268
Average Price per Square Foot
64
Properties Sold
64
Average Days on Market
225
Properties for Sale
Calculations provided by Reliance Network

1531 S Grove Avenue History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/23/2026Source: MRED Price Reduction
$399,900 -5.9%
6/23/2026Source: MRED Status Change
Price Change
3/17/2026Source: MRED Status Change
Active
3/12/2026Source: MRED Added to Database
March 12, 2026