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Two-Building Office Center with Pond

1580 S Milwaukee Ave Libertyville, IL 60048

1580 S Milwaukee Ave, Libertyville, IL, 60048
$6,300,000
For Sale
$6,300,000

Two office buildings with pond amenity and a ground-floor restaurant located between the buildings.

Property Size86,880 SF
Lot Size5.10 Acres
Price / SF$72.51
Days on Market111

Property Features for 1580 S Milwaukee Ave

General Information

Standard status
Active
Size
86,880 SF
Lot size
5.10 Acres
Property subtype
Office

Building Details

Year Built
1979
Listing agency Chicago Downtown Office
Listed by Joshua Velick · License #IL: 475207778
Source Marcusmillichap
Added: Apr 3 Updated: Jul 20 at 11:20PM Checked: Jul 21 at 3:07AM

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 Chicago Downtown Office


Investment Insights

Based on property information with market context.

Hilltop Executive Center in Libertyville, Illinois is a well-maintained office complex consisting of two professional buildings totaling 86,880 square feet. The property is currently 80.5 percent occupied by 82 tenants, including 31 healthcare-related businesses. A notable ground-level anchor, The Parched Pug, is located between the buildings and is positioned along Milwaukee Avenue.

The campus offers prime frontage along Milwaukee Avenue on 5.1 acres, with excellent visibility and daily traffic counts averaging 32,900 vehicles. A pond amenity faces Milwaukee Avenue, contributing to the site’s presentation. According to the offering materials, the property also benefits from zoning flexibility.

Key Highlights

  • Two office buildings totaling 86,880 SF on 5.1 acres with pond amenity facing Milwaukee Avenue
  • Currently 80.5% occupied by 82 tenants, including 31 healthcare‑related businesses
  • Ground‑floor restaurant and bar (The Parched Pug) located between the buildings

Property Analytics

Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Building Supply Big Box & Wholesale Store HVAC Service Parking Lot & Garage Electrical Service Hotel & Motel Grocery & Convenience Store Kitchen & Bath Showroom Auto Parts Store Restaurant

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

FAQs

What type of property is this?
Office building - Two office buildings with pond amenity and a ground-floor restaurant located between the buildings.
Where is this office building located?
The property is located at 1580 S Milwaukee Ave Libertyville, IL.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: Two office buildings totaling 86,880 SF on 5.1 acres with pond amenity facing Milwaukee Avenue; Currently 80.5% occupied by 82 tenants, including 31 healthcare‑related businesses; Ground‑floor restaurant and bar (The Parched Pug) located between the buildings
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