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Retail Space

118 N Milwaukee Avenue #118, Libertyville, IL 60048

For Lease
New
$16 SF/Yr

Located on Milwaukee Avenue in downtown Libertyville, the space fronts a corridor with more than 23,000 vehicles passing daily.

Space SizeContact for details
Days on Market6

Property Features for 118 N Milwaukee Avenue #118

General Information

Standard status Active
Property subtype Commercial

Space & Availability

Space Use Retail
Available From 2027-06-01

Additional Details

Traffic Count 23,000 vehicles/day

Taxes and HOA fees

Annual Taxes $123,898

Amenities

Central air
Central Air Cooling

Building Details

Year Built 1954
Listing Agency: PROTECT REALTY LLC
Listed By: TIMOTHY HART
Source: Corcoran
Added: Nov 4 Changed: Nov 8 Last Checked: Nov 8 at 5:25AM

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 PROTECT REALTY LLC

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This retail space is located at 118 N Milwaukee Avenue in downtown Libertyville. The building dates to 1954, and the space is scheduled to become available June 1, 2027.

Milwaukee Avenue carries more than 23,000 vehicles per day, placing the property along an established local traffic corridor.

Key Highlights

  • Milwaukee Avenue traffic exceeds 23,000 vehicles per day
  • Available June 1, 2027
  • Located in downtown Libertyville

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Bakery Pharmacy Home Appliance Store Hotel & Motel

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

23,000 VPD
Traffic count
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,466
Businesses Nearby
73k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 55% Dining 41% Beauty & Spa 4%
Shell Shops & Services
16,784 visits/mo 0.1 miles
Egg Harbor Cafe Dining
8,988 visits/mo 0.5 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

Properties on Market for Retail space in Lake County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Located on Milwaukee Avenue in downtown Libertyville, the space fronts a corridor with more than 23,000 vehicles passing daily.
Where is this retail space located?
The property is located at 118 N Milwaukee Avenue #118 Libertyville, IL.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Milwaukee Avenue traffic exceeds 23,000 vehicles per day; Available June 1, 2027; Located in downtown Libertyville
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