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Office Unit with Open Workspace
For Lease
$24 SF/Yr

1017 W Park Avenue B, Libertyville, IL 60048

Suite B combines a reception area, private office, and flexible collaborative workspace in a professionally maintained business park.

Space SizeContact for details
Days on Market15

Property Features for 1017 W Park Avenue B

General Information

Standard status Active

Building Details

Year Built 1995
Listing Agency: RE/MAX Top Performers
Listed By: Jane Lee · License #471004433
Source: Realtopiare
Added: Aug 16 Changed: Aug 29 Last Checked: Aug 29 at 8:40PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Top Performers

Investment Insights

Based on property information with market context.

Suite B is a 5,000-square-foot office unit with an open work area, reception space, and a private office. The layout accommodates both shared team activity and individual work areas within a professionally maintained building constructed in 1995. Water, electric, and heat are included with the lease.

The property is positioned just off the main road in a business park near downtown Libertyville and major thoroughfares. Ample parking is available for employees and visitors, supporting day-to-day office operations.

Key Highlights

  • 5,000‑square‑foot office unit identified as Unit 1017, Suite B
  • Open office layout with reception area and private office
  • Water, electric, and heat included with the lease

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Hotel & Motel Big Box & Wholesale Store Pharmacy (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store

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
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

789
Businesses Nearby

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

Lease Benchmarks for Libertyville, IL

$17 /SF/Yr
Avg Asking Price
$12–$24 /SF/Yr
Price Range
2,207 SF
Avg Space Size

This space is priced 41% above the average of $17 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Suite B combines a reception area, private office, and flexible collaborative workspace in a professionally maintained business park.
Where is this office units located?
The property is located at 1017 W Park Avenue B Libertyville, IL.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: 5,000‑square‑foot office unit identified as Unit 1017, Suite B; Open office layout with reception area and private office; Water, electric, and heat included with the lease
More about this property
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