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Multi-Unit Office Building
For Sale
Contact for pricing
Pending

128 Newberry Avenue, Libertyville, IL 60048

Multi-unit office property with eight small suites and ample parking for employees and clients.

Days on Market114

Property Features for 128 Newberry Avenue

General Information

Standard status Pending
Property subtype Office, Retail
Listing Agency: RE/MAX Suburban
Listed By: Leslie McDonnell · License #IL 475124525
Source: Crexi
Added: Apr 11 Changed: Jul 23 Last Checked: Aug 2 at 8:20AM

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 RE/MAX Suburban

Investment Insights

Based on property information with market context.

This for-sale commercial property includes eight individual office units, each approximately 140 to 150 square feet. Seven of the eight units are currently occupied full time. The available common space includes a waiting area, and public-facing signage and waiting area furniture will be included with the sale; individual business-owned furniture is not included.

The property is described as being near downtown Libertyville and offers ample parking space for both employees and clients.

For buyers seeking a multi-tenant office configuration, the current occupancy provides an immediate income component, with multiple rooms designed to create expansive usable space within each suite.

Key Highlights

  • Multi‑unit office property with eight small suites
  • Each suite is approx. 140–150 sq ft
  • 7 of the 8 units are occupied full time

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Bakery Catering Service Home Appliance Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,252
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

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 units - Multi-unit office property with eight small suites and ample parking for employees and clients.
Where is this office units located?
The property is located at 128 Newberry Avenue Libertyville, IL.
What are key features of this property?
This property features: Multi‑unit office property with eight small suites; Each suite is approx. 140–150 sq ft; 7 of the 8 units are occupied full time
(847) 367-5861 Call to check price and availability
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