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Retail Space with Build-Out Flexibility
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908 Milwaukee Avenue, Libertyville, IL 60048

Commercial Lease, Libertyville, IL

Space Size2,000 SF
Days on Market83

Property Features for 908 Milwaukee Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning COMMR
Directions Milwaukee Ave. just north of Golf Rd.
Subdivision Green Oaks / Libertyville
Standard status Active

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 295050

Utilities

Cooling system Central Air

Building Details

Year built 1970
Floors in Building 1
Building materials Concrete, Block
Listing Agency: RE/MAX Plaza · RE/MAX International
Listed By: Jeffrey Bell · License #475095372
Added: Jun 9 Changed: Aug 19 Last Checked: Aug 30 at 8:06AM
MLS# 12673334

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.

This retail space at 908 Milwaukee Avenue is currently unfinished and requires a complete build-out, including mechanical systems. The premises can be configured into areas as small as 2,000 SF, providing flexibility in planning the interior layout. Concrete and block construction dates to 1970.

The property is positioned near Condell Hospital, automobile dealerships, and national retailers. On-site parking is available, and entry is provided at a signalized intersection. The location is also identified as having high visibility along Milwaukee Avenue, with central air listed among the property features.

Key Highlights

  • Retail space can be divided into areas as small as 2,000 SF
  • Complete build‑out required, including mechanical systems
  • Located at 908 Milwaukee Avenue in Libertyville, IL 60048

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant Hotel & Motel Parking Lot & Garage Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,249
Businesses Nearby
47k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 62% Dining 38%
Panera Bread Dining
17,123 visits/mo 0.2 miles
The UPS Store Shops & Services
10,913 visits/mo 0.2 miles
AutoNation Toyota Libertyville Shops & Services
4,900 visits/mo 0.4 miles
Tesla Motors Shops & Services
3,839 visits/mo 0.3 miles
BMO Harris Bank Shops & Services
2,598 visits/mo 0.2 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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Raw commercial space offers parking and signalized access near established retail activity.
Where is this retail space located?
The property is located at 908 Milwaukee Avenue Libertyville, IL.
What are key features of this property?
This property features: Retail space can be divided into areas as small as 2,000 SF; Complete build‑out required, including mechanical systems; Located at 908 Milwaukee Avenue in Libertyville, IL 60048
More about this property
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