1017/1019 W Park Avenue, Libertyville, IL 60048
COMMERCIAL - Libertyville, IL
- Added:
- Feb 17, 2026
- Days on Market:
- 136
- Last Refresh:
- Jul 3 at 6:06 am
Property Features for 1017/1019 W Park Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- OFFIC
- Standard status
- Active
- APN
- 11202060230000
- Size
- 5,000 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 19715
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 1995
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Shake
Listing agent Jane Lee License #471004433 (847) 295-0800
Listing office RE/MAX Top Performers 124 N Waukegan Road, Lake Bluff, IL (847) 295-0800
Listing date Feb 17, 2026
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.
HighLights
- 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.
- Thoughtfully designed layouts with private restrooms in each unit.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.4k | $24.48 |
| − Vacancy | −$30.5k | −$6.10 |
| EGI | $91.9k | $18.38 |
| − OpEx | −$23.0k | −$4.60 |
| NOI | $68.9k | $13.79 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Libertyville
- County
- Lake
- State
- Illinois
- Longitude
- -87.9449
- Latitude
- 42.2938
