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Class A Office Building
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950 Technology Way, Libertyville, IL 60048

Three-story office building in a campus-like setting.

Space SizeContact for details
Days on Market261

Property Features for 950 Technology Way

General Information

Standard status Active
Property subtype Office
Listing Agency:
Listed By: Rob Graham
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Aug 9 at 11:18AM

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 Rob Graham

Investment Insights

Based on property information with market context.

Pine Meadow Corporate Center II is a 3-story, Class A office building located in the North Suburban Chicago office sub-market in central Lake County. This modern office building offers 90,258 rentable square feet and is situated in a campus-like setting. The property features a scenic pond at the south end of the building and is adjacent to the Pine Meadow Golf Club. The golf club is annually ranked among the Top 10 public access courses in Illinois. The building has convenient access to I-94 and is located within 25 miles of Chicago’s O’Hare International Airport and 45 miles from The Loop. Area hotels, restaurants and health clubs are in close proximity to the building.

Key Highlights

  • Class A office building with 90,258 rentable square feet.
  • Convenient access to I‑94.
  • Located within 25 miles of O’Hare International Airport.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Restaurant Building Supply Auto Parts Store Real Estate Agency Auto Repair Shop Nail Salon

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

552
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

$12.8 /SF/Yr
Avg Asking Price
$12–$16 /SF/Yr
Price Range
2,276 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office building - Three-story office building in a campus-like setting.
Where is this office building located?
The property is located at 950 Technology Way Libertyville, IL.
What are key features of this property?
This property features: Class A office building with 90,258 rentable square feet.; Convenient access to I‑94.; Located within 25 miles of O’Hare International Airport.
More about this property
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