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    1470 N Milwaukee Ave Libertyville, IL 60048

    New
    For Sale
    $1,500,000

    1.50-acre parcel with high-visibility frontage on Milwaukee Avenue.

    Lot size:
    1.50 Acres

    Property Features for 1470 N Milwaukee Ave

    General Information

    Exterior features
    exterior_features, : ["Electric to Site", "Natural Gas Available", "Sewer Connected", "Water Available"]
    Lot size
    1.50 Acres

    Source: Century 21 Circle Agent Christopher Stephens

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

    Overview

    Prime Land Parcel on Milwaukee

    This is a rare 1.50-acre commercial land parcel with frontage on Milwaukee Avenue (Route 21) in Libertyville, Illinois. The site is adjacent to established retail and residential neighborhoods. It offers strong exposure along Milwaukee Avenue. The location is approximately 5 miles from I-94 via Route 137, providing regional connectivity. The property is ideal for a variety of retail-oriented uses, including quick-service restaurants, mixed-use developments, and medical offices.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Libertyville
    County
    Lake
    State
    Illinois
    Longitude
    -87.9563225
    Latitude
    42.2992913

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    FAQs

    What type of property is this?
    Commercial land - 1.50-acre parcel with high-visibility frontage on Milwaukee Avenue.
    Where is this commercial land located?
    The property is located at 1470 N Milwaukee Ave Libertyville, IL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - 1.50-acre parcel with high-visibility frontage on Milwaukee Avenue (Route 21).; - Ideal for retail-oriented development: **quick-service restaurant, mixed-use, or medical office.**; - Excellent regional connectivity: Approximately 5 miles to I-94 via Route 137.
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    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
    1470 N Milwaukee Ave Libertyville, IL 60048
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