Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1950 Us Highway 45, Libertyville, IL 60048

    View on Map
    Claim this Listing
    New
    Picture of Flex space at 1950 Us Highway 45, Libertyville, IL
    For Sale
    Contact for pricing

    NOW LEASING AT CANLAN SPORTS LIBERTYVILLE

    Added:
    May 18, 2026
    Days on Market:
    4
    Last Refresh:
    May 18 at 4:51 pm

    Property Features for 1950 Us Highway 45

    General Information

    Standard status
    Active
    Property type
    Flex space, Industrial properties
    Class
    B
    Elevators
    Yes

    Building Details

    Year Built
    2002
    Year Renovated
    2025
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Nicole Chesak

    Listing agent Nicole

    Listing office

    Listing date May 18, 2026

    HighLights

    • Ideal potential uses include:
    • • Preschool or early childhood education
    • • Dog daycare or pet care services
    • • Youth education classes
    • • Tutoring or academic programming
    • • PT, OT, or sports performance training
    • • Fitness, wellness, or recovery services
    • • Dance, cheer, or movement based classes
    • • Administrative offices or private business suites
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Libertyville
    County
    Lake
    State
    Illinois
    Longitude
    -87.9449
    Latitude
    42.2938

    Nearby Similar for Sale

    • $315,000
      3,000 SF

      Move-In Ready Office Suites

      Updated office condominium with private offices and common areas.
      28085 N Ashley Circle, Libertyville, IL 60048
      View Details
    • $799,000
      5,000 SF

      Premium Libertyville Office Space Available

      Upscale office suites in a prime Libertyville business park.
      1017/1019 W Park Avenue, Libertyville, IL 60048
      View Details
    • $1,599,000

      Versatile Commercial Property in Libertyville

      Thriving commercial property with high visibility and flexible layouts.
      197 Peterson Road, Libertyville, IL 60048
      View Details
    • $162,000

      Libertyville Office Space Opportunity

      Large office space with highway access in Libertyville, Illinois.
      14047 W Petronella Drive, Libertyville, IL 60048
      View Details
    • $425,000
      2,450 SF

      287 Peterson Rd. Libertyville, IL 60048 - Peterson Commons

      287 Peterson Rd, Libertyville, IL 60048
      View Details
    • $215,000

      Libertyville Office Space For Sale

      Office condo with flexible layout in Libertyville, Illinois.
      708 Florsheim Drive, Libertyville, IL 60048
      View Details
    • $1,500,000

      Retail Space in Downtown Libertyville

      2,000+ sq ft retail space in new building.
      121 W Church Street, Libertyville, IL 60048
      View Details
    • $375,000

      Prime Libertyville Commercial Property

      High-visibility commercial property ideal for office or retail use.
      134 S Milwaukee Avenue, Libertyville, IL 60048
      View Details
    • $259,900

      Libertyville Office Space For Sale

      Spacious office suite with five private offices and ample parking.
      1880 W Winchester Road, Libertyville, IL 60048
      View Details
    • $409,500
      3,500 SF

      Libertyville Office Condo For Sale

      Commercial office condo in Libertyville with income potential.
      14047 W Petronella Dr, Libertyville, IL 60048
      View Details
    • $750,000
      2,200 SF

      Contemporary Office Building with Parking

      Free-standing office building with parking in a high-visibility location.
      326 S Milwaukee Avenue, Libertyville, IL 60048
      View Details
    • $699,900

      Turnkey Restaurant/Retail Building on Milwaukee

      Freestanding, remodeled commercial building suitable for restaurant or retail business.
      327 S Milwaukee Avenue, Libertyville, Libertyville, IL 60048
      View Details

    FAQs

    What type of property is this?
    Flex space - NOW LEASING AT CANLAN SPORTS LIBERTYVILLE
    Where is this flex space located?
    The property is located at 1950 Us Highway 45 Libertyville, IL.
    What are key features of this property?
    This property features: Ideal potential uses include:; • Preschool or early childhood education; • Dog daycare or pet care services
    (815) 540-7897
    We can help!
    Listing Contact
    Nicole Chesak
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1950 Us Highway 45, Libertyville, IL 60048
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!