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Office Units with Loft Space
For Lease
$16 SF/Yr

1232 American Way #1266, Libertyville, IL 60048

Well-maintained complex includes executive and medical configurations with reception, conference, kitchen, exam, and lab areas.

Space Size1,800 SF - 2,299 SF
Days on Market571

Property Features for 1232 American Way #1266

General Information

Standard status Active
Size 1,800 SF - 2,299 SF
Net Rentable 1,800 SF
Zoning COMMR

Additional Details

Available Space 1,800-2,299 SF

Building Details

Year Built 2005
Stories 2
Units 3
Listing Agency: Keller Williams Success Realty
Listed By: Joe Heffernan · License #475128287
Source: Perillorealestategroup
Added: Jan 14, 2025 Changed: Aug 7 Last Checked: Aug 7 at 2:27AM

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 Keller Williams Success Realty

Investment Insights

Based on property information with market context.

This 2005 office complex offers three distinct spaces suited to different operational layouts. Unit 1266 provides 2,299 square feet of open loft-style office area, with high ceilings and abundant natural light. Unit 1280 contains 2,294 square feet arranged with a reception area, conference room, private offices, and kitchen/breakroom. Unit 1264 offers 1,800 square feet configured for medical use, including exam rooms, a nurses station, and a lab.

The property is located at 1232 American Way in Libertyville, Illinois, and is zoned COMMR. The available configurations range from open-plan office space to executive and medical layouts, allowing occupants to evaluate the format most closely aligned with their requirements.

Key Highlights

  • Three office spaces offered within a 2005 complex
  • Unit 1266: 2,299sf open loft‑style space with high ceilings and natural light
  • Unit 1280: 2,294sf with reception, conference room, private offices, and kitchen/breakroom

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Restaurant Auto Parts Store Storage Facility Parking Lot & Garage Grocery & Convenience Store Electrical Service

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
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

617
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

$16.33 /SF/Yr
Avg Asking Price
$12–$24 /SF/Yr
Price Range
6,671 SF
Avg Space Size

This space is priced 2% below the average of $16.33 /SF/Yr.

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 - Well-maintained complex includes executive and medical configurations with reception, conference, kitchen, exam, and lab areas.
Where is this office units located?
The property is located at 1232 American Way #1266 Libertyville, IL.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Three office spaces offered within a 2005 complex; Unit 1266: 2,299sf open loft‑style space with high ceilings and natural light; Unit 1280: 2,294sf with reception, conference room, private offices, and kitchen/breakroom
More about this property
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