Former Restaurant with
For Lease
$45 SF/Yr
1124 N Milwaukee Avenue, Libertyville, IL 60048
Restaurant space with drive-thru, full kitchen, ample parking.
Space SizeContact for details
Lot Size0.46 Acres
Days on Market280
Property Features for 1124 N Milwaukee Avenue
General Information
Standard status
Active
Lot size
0.46 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,237
Building Details
Year Built
1969
Listing Agency:
MILLENNIUM PROPERTIES RE, INC.
(312) 338-3000
Listed By:
BRAD THOMPSON · License #471013662
Source:
Corcoran
Added: Nov 5, 2025
Changed: Aug 11
Last Checked: Aug 11 at 8:15AM
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 MILLENNIUM PROPERTIES RE, INC.
Investment Insights
Based on property information with market context.
This former restaurant space is available for lease. It is situated on a 20,000-square-foot lot with access from both the north and south sides of Milwaukee Road. The property features a full kitchen with a hood, ample parking, and seating. A drive-thru window is also included. The surrounding area features new quick-service restaurants as well as retail and office spaces.
Key Highlights
- High‑traffic location surrounded by new QSR and retail/office developments.
- Existing restaurant infrastructure including a full kitchen with hood.
- Drive‑thru window for convenient customer service.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$6.75 /SF/Yr
CAM
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant space with drive-thru, full kitchen, ample parking.
Where is this drive through restaurant located?
The property is located at 1124 N Milwaukee Avenue Libertyville, IL.
What is the lease rate?
The lease rate is $45 SF/Yr.
What are key features of this property?
This property features: High‑traffic location surrounded by new QSR and retail/office developments.; Existing restaurant infrastructure including a full kitchen with hood.; Drive‑thru window for convenient customer service.
