Prime Libertyville Retail Space
For Lease
Contact for pricing
537 N Milwaukee Avenue, Libertyville, IL 60048
COMMERCIAL - Libertyville, IL
Space Size2,400 SF
Days on Market153
Property Features for 537 N Milwaukee Avenue
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
RTAIL
Directions
Lake & Milwaukee S2 building ( public parking in the rear)
Subdivision
Green Oaks / Libertyville
Standard status
Active
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
16851
Utilities
Cooling system
Central Air
Amenities
hardwood floors
exposed brick walls
10 ft ceilings
break room
private office
kitchen
bathrooms
public parking
Building Details
Year built
1927
Floors in Building
1
Number of units
1
Flooring type
Wood
Building materials
Brick, Frame
Roof type
Membrane
Listing Agency:
RE/MAX Suburban · RE/MAX International
(847) 367-8686
Listed By:
Lynn Fairfield · License #471002589
(847) 259-0202
Added: Mar 11
Changed: Aug 4
Last Checked: Aug 10 at 6:06AM
MLS# 12588419
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the heart of Libertyville, this commercial space offers an exceptional leasing opportunity. The property features approximately 2400 sq. ft. of retail space, ideally suited for a variety of business needs. The space has hardwood floors, exposed brick walls, and 10 ft ceilings. The existing build-out includes a beauty shop, break room, private office, kitchen, and bathrooms. The property is neutrally painted throughout. The space is versatile and ideal for a shop, professional services, or other commercial use. Convenient ground-level entry and ample parking are available. Situated on Milwaukee Rd, the property benefits from high visibility with an average daily traffic count exceeding 20,000 vehicles. It is conveniently located close to the METRA station, major retailers, dining options, and residential neighborhoods. The property is just blocks from the Libertyville METRA station with nearby public parking. Downtown Libertyville is known for supporting local businesses and offers seasonal events, festivals, dining traffic, and community engagement.
Key Highlights
- Prime Libertyville location in the heart of the village, close to shops, restaurants, and the commuter train.
- High traffic count on Milwaukee Rd with over 20,000 vehicles daily, providing excellent exposure.
- Approximately 2400 sq. ft. of versatile retail space suitable for various business types.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Utilities to site
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 43%
Shell
Shops & Services
16,784 visits/mo
0.1 miles
Egg Harbor Cafe
Dining
8,988 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
7,139 visits/mo
0.1 miles
Shell
Shops & Services
6,332 visits/mo
0.5 miles
BP
Shops & Services
6,211 visits/mo
0.1 miles
Demographics for 60048, IL
29,353
Population
10,826
Households
2.7
Avg Household Size
44
Median Age
71%
College-Educated
98%
High-School Grad
28.4 sq mi
ZIP Area
1,034
Density / Sq Mi
$169,283
Median Household Income
$83,333
Median Earnings
$1,569
Median Rent
$535,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 2400 sq ft retail space in downtown Libertyville.
Where is this retail space located?
The property is located at 537 N Milwaukee Avenue Libertyville, IL.
What are key features of this property?
This property features: Prime Libertyville location in the heart of the village, close to shops, restaurants, and the commuter train.; High traffic count on Milwaukee Rd with over 20,000 vehicles daily, providing excellent exposure.; Approximately 2400 sq. ft. of versatile retail space suitable for various business types.
