Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    551 N Milwaukee Ave Libertyville, IL 60048

    For Lease
    $34 SF/Yr ($15,691 /Mo)

    Restaurant space with patio, basement, and high-end finishes.

    Property size:
    5,538 SF
    Lot size:
    0.13 Acres

    Property Features for 551 N Milwaukee Ave

    General Information

    Size
    5,538 SF
    Lot size
    0.13 Acres

    Source: Troy Companies Agent Chad Severson

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

    Overview

    Libertyville Restaurant Space for Lease

    This restaurant space, available for lease, features 5583 square feet on the main level, a 660 square foot patio, and a 935 square foot basement. The interior includes exposed brick, a large open kitchen, and a private dining room. Glass-partitioned restrooms and high-end finishes are present throughout the space. A tile hallway connects the east and west sides of the property. Multiple entrances provide access from both the east and west. The basement is clean and compact.
    Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Realty agency Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Libertyville
    County
    Lake
    State
    Illinois
    Longitude
    -87.955028
    Latitude
    42.2888579

    Nearby Similar for Lease

    • $12 SF/Yr
      41,382 SF

      Libertyville Office Space For Lease

      Professional office building in high-traffic area with flexible spaces.
      1113 S Milwaukee Ave, Libertyville, IL 60048
      View Details
    • $12 SF/Yr

      Libertyville Office Space For Lease

      Professional office building in high-traffic area with ample parking.
      1113 S Milwaukee Ave, Libertyville, IL 60048
      View Details
    • $12 SF/Yr

      Professional Office Space Available

      High-visibility office building in Libertyville with ample parking.
      1113 S Milwaukee Ave, Libertyville, IL 60048
      View Details
    • $29 SF/Yr

      Luxury Office Sublet in Libertyville

      Contemporary office space available for sublet in Libertyville, Illinois.
      915 Milwaukee Ave, Libertyville, IL 60048
      View Details
    • $12 SF/Yr

      Libertyville Office Space For Lease

      Turn-key professional office space in downtown Libertyville.
      303 E Park Ave, Libertyville, IL 60048
      View Details
    • $26 SF/Yr
      304,920 SF

      Professional Office Suite in Libertyville

      Upscale office suite near post office and shopping with parking.
      708 Florsheim Dr, Libertyville, IL 60048
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant space with patio, basement, and high-end finishes.
    Where is this restaurant located?
    The property is located at 551 N Milwaukee Ave Libertyville, IL.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: - Large main floor restaurant space (5583 SF) with a gorgeous buildout.; - Features a HUGE open kitchen.; - Includes a 660 SF patio.
    (815) 404-9171
    Request Owner's contact information
    551 N Milwaukee Ave Libertyville, IL 60048
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    551 N Milwaukee Ave
    Libertyville, IL 60048
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    551 N Milwaukee Ave Libertyville, IL 60048
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.