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$204,900 -$15,100 (-6.86%) Price Reduced
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Property Description
Own your business space instead of leasing. This is an exceptional opportunity to acquire a move-in-ready 1,776-square-foot industrial office condominium in a professionally maintained business park with excellent access to Route 12 and Route 120. Offering the ideal combination of professional office space and functional warehouse capability, this versatile property is designed to accommodate a wide variety of businesses while providing the flexibility to adapt as your operational needs evolve. The current floor plan features a welcoming reception area, multiple private offices, two private restrooms, and a functional warehouse/work area serviced by a 10-foot rear drive-in overhead door for convenient loading, deliveries, equipment, and inventory access. Constructed in 1999 and meticulously maintained, the property includes 200-amp electrical service, central HVAC, forced-air heat, 8' to 12' ceiling heights, and a highly efficient layout that maximizes usable square footage. A key advantage of this property is its adaptability. The existing office configuration is separated by non-load-bearing partition walls, allowing the layout to be easily reconfigured to expand the warehouse, create an open contractor shop, add storage, or customize the space for your specific business operations. Whether you're seeking a professional office environment, a contractor headquarters with shop space, or a combination of both, this property offers exceptional flexibility without the cost of major structural modifications. Located within a Light Industrial (LI) zoning district, the property is ideally suited for contractors, HVAC companies, electricians, plumbers, landscapers, restoration companies, cabinet and millwork shops, sign companies, e-commerce businesses, light manufacturing, distribution, service companies, professional offices, and many other commercial users. Whether you're looking to eliminate lease payments, establish a permanent headquarters, expand your operations, or invest in a versatile commercial asset, this property offers an outstanding combination of location, functionality, adaptability, and long-term value. With immediate occupancy available, it's a rare opportunity to own a flexible industrial condominium that can grow alongside your business.
Full Property Details
Full Property Details for 31632 N Ellis Dr #111
General
- Price: $204,900
- Taxes: $5,151 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12690162
- Updated: 8/7/2026
- Added to Site: 42 day(s) ago
Additional Information
- Security/Safety: Carbon Monoxide Detector(s)
Location
- Area: Volo
- County: Lake
- Township: Wauconda
- Driving Directions: Head E on Route 120 from Route 12, Turn right on N Ellis Dr, Turn right on 1st entrance to complex, turn right and go around building to arrive to unit front door.
- Location Details: Northwest Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat, Forced Air
Structural Information
- Drive-In Doors: 1
- Stories/Levels: 1
- Square Feet: 1,776
- Current Bldg. Use: Office
- Office: 1,700 Sq. Ft.
- Year Built: 1999
Lot Features
- Lot Dimensions: 24 x 74
- Potential Use: Industrial, Office
- Zoning: INDUS
Financial Considerations
- Lease Price: $12
- For Sale/Rent/Lease: For Sale or Rent
- Operating Expenses: $7,733
- Security Deposit: Carbon Monoxide Detector(s)
- Assessment Year: 1999
- Tax Amount: $5,151
- Tax Year: 2025
- Tenant Pays: Electricity, Heat, Repairs, Sewer, Varies by Tenant, All Utilities
Disclosures and Reports
- Property ID: 9021010110000
Listed by Royal Homes, LLC
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Price & Sales History for 31632 N Ellis Dr #111
Date
Details
Price
Change
Source
8/07/2026
Price Reduced
$204,900
-6.86%
MLS
6/27/2026
Listed
$220,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 31632 N Ellis Dr #111
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,151
-1%
$70,877
7%
2024
$5,219
-3%
$66,395
9%
2023
$5,395
2%
$60,690
8%
2022
$5,272
2%
$56,309
6%
2021
$5,191
3%
$53,207
5%
2020
$5,057
9%
$50,712
6%
2019
$4,637
-10%
$47,928
-1%
2018
$5,128
-1%
$48,515
1%
2017
$5,184
6%
$47,953
6%
2016
$4,909
4%
$45,410
9%
2015
$4,734
20%
$41,688
—
2014
$3,953
2%
$41,688
18%
2013
$3,860
3%
$35,248
-7%
2012
$3,737
—
$37,971
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 31632 N Ellis Dr #111
31632 N Ellis Drive #111, Volo, IL 60073 (MLS# 12690162) is a Commercial property. 31632 N Ellis Drive #111 is currently listed for $204,900 and was received on June 27, 2026. Want to learn more about 31632 N Ellis Drive #111? Do you have questions about finding other Commercial real estate for sale in Volo? You can browse all Volo real estate or contact a Coldwell Banker agent to request more information.

