Lake County, IL Flex Space for Sale

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Updated: Jul 29

5-Unit Flex Space

197 Peterson Road 191-199, Libertyville, IL 60048

$1,599,000

13,398 sqft

Five individual units suitable for retail, service, or office occupancy
11 drive‑in bays provide vehicle‑accessible operational space
38 dedicated parking spots for customers, staff, and deliveries
Built in 1999
Located close to the expressway in Libertyville, IL

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This listing looks promising.

Here's a quick look at some key insights for

197 Peterson Road 191-199, Libertyville, IL 60048

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Est. Cap Rate

8.6%
Above avg (5.9%)
Est. NOI

$137K
Annual
Price @ 7% Cap

$1.96M
Above asking

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Updated: Oct 25, 2025

Flex Space with Drive-In Doors

90 S Us Highway 12, Fox Lake, IL 60020

$2,500,000

2.73 AC lot

2.73‑acre site with a 1990‑built commercial building
Five large drive‑in doors and three repair rooms with two‑story ceilings
Front showroom with multiple offices behind
Hanging heaters, high‑level shop lighting, and floor drains remain in place
Located along HWY 12 in Fox Lake’s central business district

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Fenced-Yard Flex Space

35220 N Il Route 83, Round Lake Beach, IL 60073

$1,590,000

1.82 AC lot

Flex space with office, shop, and secured outdoor yard components.

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Commercial Flex Unit with Office

1000 N Rand Road, Wauconda, IL 60084

$189,900

Move-in ready flex unit with remodeled interior, open main area, and separate front office in a commercial corridor.

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Flex Space with Secure Yard

35220 N Il Route 83, Round Lake Beach, IL 60073

$1,590,000

1.82 AC lot

Industrial improvements include office space, two shops, and a fenced outdoor storage area.

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Libertyville Office/Flex Portfolio For Sale

13975 W Polo Trail Drive, Lake Forest, IL 60045

$3,000,000

39,019 sqft

18-property office/flex portfolio in Libertyville's commercial corridor.

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Two-Tenant Flex Space

1250 Barclay Blvd, Buffalo Grove, IL 60089

$6,000,000

30,340 sqft

Office and flex configuration within an established business park.

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Flex Space with Drive-In Door

1000 North Rand Road #110, Wauconda, IL 60084

$206,000

1,761 sqft

Combined office and warehouse areas provide adaptable space for commercial operations.

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Multi-Tenant Flex Space Buildings

1278 Barclay Blvd, Buffalo Grove, IL 60089

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115,755 sqft

Two multi-tenant buildings in an established business park serve light industrial, office, research and development, and flex-space users.

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Remodeled Flex Unit

1000 N Rand Road #202, Wauconda, IL 60084

$189,900

1,700 sqft

Open commercial layout with office, kitchen area, updated bathroom, and convenient parking.

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Industrial Flex Condominium with Warehouse

31632 N Ellis Dr Unit 111, Volo, IL 60073

$204,900

1,776 sqft

Move-in-ready flex space combines private offices, warehouse functionality, and adaptable interior partitions in a Light Industrial zoning district.

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Office-Warehouse with Overhead Door

Libertyville, IL 60048

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2,622 sqft

Freshly built-out office-warehouse includes office improvements and a 1020 overhead loading door.

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Warehouse with Office and Docks

3300 16th St, Zion, IL 60099

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55,275 sqft

Expandable warehouse space offers 24' clear height, exterior docks, a dedicated office area, and additional parking for growth.

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Flex Space with Parking Lot

2269 Sheridan Rd, Zion, IL 60099

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4,800 sqft

A 2,000 sq. ft. warehouse with a full finished basement and a dedicated 10-car parking lot.

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Freestanding Flex Space with Showroom

195 N Milwaukee Ave, Vernon Hills, IL 60061

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9,500 sqft

Freestanding commercial facility combining showroom, workshop, office, and service-oriented areas along an established retail corridor.

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Industrial Flex Building

345 Lakewood Avenue, Waukegan, IL 60085

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50,010 sqft 4.80 AC lot

Industrial-zoned flex property with warehouse functionality, office capacity, loading infrastructure, and substantial power service.

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Renovated Flex Sports Facility

550 Lake Cook Rd, Deerfield, IL 60015

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38,000 sqft

Renovated in 2019 with flexible space that has supported sports, fitness, events, and production use.

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Well-Located Multi-Unit Industrial Flex

4059-4081 Joseph Drive, Waukegan, IL 60087

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1.42 AC lot

Seven-unit industrial flex property on a 1.42-acre site, 100% leased and well maintained.

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Industrial/Office Condo For Sale

713 Rose Road, Lake Zurich, IL 60047

$799,900

Industrial/office condo with private offices, kitchen, and warehouse.

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Wauconda Industrial Condo Unit

1000 Brown St, Wauconda, IL

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1,800 sqft 6.22 AC lot

1,800 SF end-cap industrial condo with office space.

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Industrial Warehouse with Office

1351 Armour Blvd, Mundelein, IL 60060

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12,111 sqft

One-story building offering just over 12,000 square feet with dedicated warehouse and office space, plus a new roof.

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Single-Tenant Office Campus

2100 Norman Dr, Waukegan, IL 60085

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116,500 sqft

Headquarters offices and laboratory facilities operate under a long-term net lease with CPI-based annual escalations.

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Industrial Condo with Office

785 Oakwood Road, Ste. E-102, Lake Zurich, IL 60047

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Well-maintained industrial condo includes office space, a skylight, one drive-in door, and full sprinkler system.

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Warehouse with Office and Multiple Bays

410 Telser Rd, Lake Zurich, IL 60047

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1.50 AC lot

Flex-style warehouse includes 1,792 SF of office and features three drive-in doors and three dock doors.

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Lake County, IL Flex Space Market Trends and Statistics

Explore 46 flex space for sale in Lake County, IL, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 652,080 square feet of properties for sale, with an estimated market value of $17,869,600.

Sale prices for business spaces in Lake County, IL start at $189,900, averaging $1,624,509, and reaching up to $6,000,000 — 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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