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    406-408 N Milwaukee Ave Libertyville, IL 60048

    For Lease
    Contact for pricing

    1,700 SF retail space in a high-traffic downtown location.

    Property size:
    6,800 SF
    Lot size:
    6,800 SF

    Property Features for 406-408 N Milwaukee Ave

    General Information

    Size
    6,800 SF

    Source: Andrew Rubin Agent Andrew Rubin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Storefront in Downtown Libertyville

    This 1,700 square foot retail storefront is available for lease on Milwaukee Avenue in downtown Libertyville. The building is located within the retail corridor, surrounded by retailers, restaurants, and office spaces. Nearby establishments include Starbucks, Egg Harbor Cafe, O'Toole's, Mickey Finn's Brewery, Duck Donuts, Main Street Social, Shakou Sushi, Pizzeria DeVille, Chipotle, Dunkin Donuts, Jimmy Johns, and Chase Bank. The property is located across from Cook Park and is within walking distance of the Libertyville Metra Station. The storefront has frontage on Milwaukee Avenue and includes basement storage. The location offers visibility and exposure to over 24,000 vehicles per day, along with pedestrian traffic. The property is situated on the east side of Milwaukee Avenue in downtown Libertyville, approximately two miles west of Interstate 94.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Libertyville
    County
    Lake
    State
    Illinois
    Longitude
    -87.9540092
    Latitude
    42.2870741

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    FAQs

    What type of property is this?
    Retail space - 1,700 SF retail space in a high-traffic downtown location.
    Where is this retail space located?
    The property is located at 406-408 N Milwaukee Ave Libertyville, IL.
    What are key features of this property?
    This property features: - High-traffic location: Excellent visibility with over 24,000 vehicles per day.; - Prime downtown Libertyville location: In the heart of the affluent retail corridor.; - Proximity to amenities: Across from Cook Park and walking distance to the Libertyville Metra Station.
    (224) 628-4005
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    406-408 N Milwaukee Ave Libertyville, IL 60048
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