Libertyville, IL Commercial Real Estate for Sale

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Vernon Hills, IL Mundelein, IL Lake Forest, IL

22 properties

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Updated: Feb 17

Premium Libertyville Office Space Available

1017/1019 W Park Avenue, Libertyville, IL 60048

$799,000

5,000 sqft · 0.10 AC lot

Prime Libertyville location, minutes from downtown and major thoroughfares.
Up to 10,000 SF of versatile, premium office space available (2,500 SF per unit, with optional additional 2,500 SF lower level per unit).
Unit 1017 divided into two suites, one with four private offices, the other with a spacious open office environment.
Unit 1019 features soaring ceilings and an expansive open‑concept workspace.
Professionally maintained building with ample parking.

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This listing looks promising.

Here's a quick look at some key insights for

1017/1019 W Park Avenue, Libertyville, IL 60048

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Est. Cap Rate

8.6%
Above avg (5.9%)
Est. NOI

$69K
Annual
Price @ 7% Cap

$985K
Above asking

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Updated: Mar 20

Move-In Ready Office Suites

28085 N Ashley Circle, Libertyville, IL 60048

$315,000

3,000 sqft · 0.92 AC lot

Move‑in ready, updated office condominium in a desirable North Shore location.
Seven private, window‑lined offices with views of calming greenspace.
Direct access to parkside seating and lunch patio overlooking a serene pond.
Immediate connectivity to TriState Tollway (I94/294) & Route 60 for easy commutes.
Three expansive common areas suitable for various work styles.

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Multi-Unit Retail & Drive-In Site

197 Peterson Road, Libertyville, IL 60048

$1,599,000

0.69 AC lot

Five flexible commercial units with substantial parking and 11 drive-in bays for vehicle-accessible retail or service use.

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Light-Filled Office Suite with Three Offices

14047 W Petronella Drive, Libertyville, IL 60048

$162,000

Light-filled office suite with three private offices and an open layout for flexible workplace planning.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Retail Space in Downtown Libertyville

121 W Church Street, Libertyville, IL 60048

$1,500,000

0.71 AC lot

2,000+ sq ft retail space in new building.

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Office Condominium Suite with Private Bath

708 Florsheim Drive, Libertyville, IL 60048

$204,900

Well-appointed office layout includes kitchenette, reception/copy area, and a private bath.

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Libertyville Office Space For Sale

1880 W Winchester Road, Libertyville, IL 60048

$259,900

4.39 AC lot

Spacious office suite with five private offices and ample parking.

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Multi-Tenant Retail Building in Libertyville

211 S Milwaukee Ave, Libertyville, IL 60048

$1,900,000

17,620 sqft · 1.09 AC lot

Multi-tenant retail building with redevelopment potential in a prime location.

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Land in Downtown Libertyville

E Sunnyside Avenue, Libertyville, IL 60048

$150,000

Platted lot near bike path, train, and amenities.

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287 Peterson Rd. Libertyville, IL 60048 - Peterson Commons

287 Peterson Rd, Libertyville, IL 60048

$425,000

2,450 sqft

Prime Corner Medical / Commercial Property with Exceptional Visibility

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Prime Libertyville Commercial Property

134 S Milwaukee Avenue, Libertyville, IL 60048

$375,000

0.10 AC lot

High-visibility commercial property ideal for office or retail use.

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Contemporary Office Building with Parking

326 S Milwaukee Avenue, Libertyville, IL 60048

$750,000

2,200 sqft

Free-standing office building with parking in a high-visibility location.

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Retail Center Restaurant and Stores

1742-1768 North Milwaukee Avenue, Libertyville, IL 60048

Contact for pricing

2003-built retail center offers contiguous storefront space and a second-generation restaurant suite with FF&E available.

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Mixed-Use Trophy Asset in Libertyville

545 North Milwaukee Avenue, Libertyville, IL 60048

$6,995,000

16,621 sqft

Premier mixed-use property in Libertyville's vibrant Downtown Core.

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Libertyville Office Condo For Sale

14047 W Petronella Dr, Libertyville, IL 60048

$409,500

3,500 sqft

Commercial office condo in Libertyville with income potential.

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Canlan Sports - Libertyville

1950 Us Highway 45, Libertyville, IL 60048

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NOW LEASING AT CANLAN SPORTS LIBERTYVILLE

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Class A Medical Office Campus

1800 & 1900 Hollister Dr, Libertyville, IL 60048

Contact for pricing

92,000 sqft

Two-building medical campus near Advocate Condell Medical Center.

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Viking Office Park Office Suite

28045 N Ashley Cir, Libertyville, IL 60048

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1,920 sqft

Bright office space in Libertyville's Viking Office Park.

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Libertyville Commercial Land For Sale

31366 N US Hwy 45, Libertyville, IL

Contact for pricing

2.11 AC lot

Commercial land with frontage on Rt 45 near Metra.

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Prime Downtown Libertyville Lot

121 West Church Street, Libertyville, IL 60048

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Rare opportunity to own a lot in downtown Libertyville.

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43 Acres Farmland Development Opportunity

31132-31140 N Milwaukee Avenue, Libertyville, IL 60048

$4,600,000

42.97 AC lot

43 acres of farmland suitable for future development.

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Viking Park Executive Office Suite

28085 Ashley Cir, Libertyville, IL 60048

$325,000

3,000 sqft

Deluxe office suite in Libertyville's Viking Park Office Complex.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 22 Active Listings in Libertyville, IL, we suggest to view alternatives - similar 50 Off-Market properties to explore as potential leads.

Off-Market Properties in Libertyville, IL

Consider similar Off-Market properties in Libertyville, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

COMMERCIAL (GENERAL)

140 Milwaukee Ave, Libertyville, IL 60048-2815

Value Estimation by Request

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COMMERCIAL (GENERAL)

1850 Winchester Rd Ste, Libertyville, IL 60048-5322

Unit 103

$550,000

Estimated value

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Libertyville, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Libertyville, IL, showcased through 22 active listings on our real estate platform. These investment opportunities span a total of 71,313 square feet of properties for sale, with an estimated market value of $12,013,500.

Sale prices for business properties in Libertyville, IL start at $315,000, averaging $1,501,687, and reaching up to $6,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 29K

Population Growth (5Y) -0.4%

Median Household Income $169,283

College Educated 50.7%

High-Yield Neighborhoods for Investment

Identify Libertyville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60048	$1.3M

Taxes & Financing

Tax Rate (average for all types) 7.69%

Property Tax per SF $91.39 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Libertyville fall within the 100,000+ square foot range.

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Libertyville, IL Commercial Real Estate for Sale

1017/1019 W Park Avenue, Libertyville, IL 60048

28085 N Ashley Circle, Libertyville, IL 60048

197 Peterson Road, Libertyville, IL 60048

14047 W Petronella Drive, Libertyville, IL 60048

121 W Church Street, Libertyville, IL 60048

708 Florsheim Drive, Libertyville, IL 60048

1880 W Winchester Road, Libertyville, IL 60048

211 S Milwaukee Ave, Libertyville, IL 60048

E Sunnyside Avenue, Libertyville, IL 60048