Four-Unit Mixed-Use
For Sale
Contact for pricing
Pending
406-408 N Milwaukee Avenue, Libertyville, IL 60048
Fully leased commercial property combines ground-floor retail with second-level office suites and a full basement.
Property Size6,800 SF
Days on Market145
Property Features for 406-408 N Milwaukee Avenue
General Information
Standard status
Pending
Size
6,800 SF
Property subtype
Mixed Use
Occupancy
100%
Net Operating Income
$86,000
Site & Location
Traffic Count
23,000 vehicles/day
Public Transit
Yes
Additional Details
Office Units
2
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Frontline Real Estate Partners
Listed By:
Matthew Tarshis · License #IL 481011744
(847) 542-9058
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 8:27AM
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 Frontline Real Estate Partners
Investment Insights
Based on property information with market context.
This two-story mixed-use property contains 6,800 square feet, a full basement, and four commercial units. The first level is configured with two retail spaces, while the second level provides two office units. All four units are leased, with one tenant occupying both retail spaces and one office suite; the other office suite has been occupied by a local tenant since 1999.
The building is positioned along Milwaukee Avenue in downtown Libertyville, with visibility to more than 23,000 VPD. Libertyville Metra Station is located three blocks north. Surrounding retailers and financial-service businesses include Starbucks, BMO Harris Bank, Chipotle, Dunkin Donuts, Jimmy Johns, Chase Bank, and PNC Bank.
The building is positioned along Milwaukee Avenue in downtown Libertyville, with visibility to more than 23,000 VPD. Libertyville Metra Station is located three blocks north. Surrounding retailers and financial-service businesses include Starbucks, BMO Harris Bank, Chipotle, Dunkin Donuts, Jimmy Johns, Chase Bank, and PNC Bank.
Key Highlights
- 6,800‑square‑foot building with two stories and a full basement
- Four leased units: two retail spaces and two office units
- 100% leased at the time of listing
Property Analytics
Current Use
Lease Details
2
Office units
23,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,411
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased commercial property combines ground-floor retail with second-level office suites and a full basement.
Where is this mixed-use property located?
The property is located at 406-408 N Milwaukee Avenue Libertyville, IL.
What are key features of this property?
This property features: 6,800‑square‑foot building with two stories and a full basement; Four leased units: two retail spaces and two office units; 100% leased at the time of listing
