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$ 1,995,000
Est. payment /mo
New
426 S Milwaukee AVE Libertyville, IL 60048
8,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 8,500 sqft
Price per Sqft $234
MLS Listing ID 12507202
Year Built 1955
Annual Tax Amount $36,628
Tax Year 2024
Lot Dimensions 132X261X127X299
Property Sub-Type Retail/Stores
Property Description
An outstanding 35,542 sq ft end cap parcel positioned at one of Libertyville's busiest intersections, offering exceptional visibility and access in a premier Lake County community. With over 24,000 vehicles passing daily and a median household income of $140,000 within one mile, this property offers both strong demographics and long-term growth potential. Zoned for commercial use with an allowable building height of 45 feet (and the potential for additional height via special use permit), the site is ideally suited for a mixed-use redevelopment, apartment project, or professional office suites. The Village of Libertyville is development-friendly and eager to collaborate on transformative projects that enhance the corridor and community. The property is currently improved with an auto repair shop, hardware store, and second-floor offices-all rented on a month-to-month basis, providing holding income during planning and entitlement. The end cap location further adds value, offering excellent design flexibility for projects that could incorporate a drive-thru component or high-traffic retail. This is a rare chance to secure a prime redevelopment site in vibrant Libertyville-just minutes from downtown, Metra access, major retail, and employment centers. Bring your vision and capitalize on this great location.
Location
State IL
County Lake
Area Green Oaks / Libertyville
Zoning COMMR
Interior
Cooling Central Air, Wall Sleeve
Fireplace N
Building
Dwelling Type Retail/Stores
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Benjamin Lovinger of Baird & Warner