Automotive Repair
For Sale
Contact for pricing
211 S Milwaukee Ave, Libertyville, IL 60048
Automotive and repair facility with fully sprinklered single-story space, partial second floor, and ample parking.
Property Size17,868 SF
Lot Size1.09 Acres
Price / SF$106.34
Days on Market366
Property Features for 211 S Milwaukee Ave
General Information
Standard status
Active
Size
17,868 SF
Total Parking Spaces
78
Lot size
1.09 Acres
Property subtype
RETAIL
Zoning
C-3
Site & Location
Traffic Count
25,795 vehicles/day
Road Access
Yes
Warehouse & Industrial
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Stories
2
Listing Agency:
Millennium Properties Real Estate
(312) 338-3001
Listed By:
Susan B. Silver · License #475136992
Source:
Moodyscre
Added: Jul 30, 2025
Changed: Jul 28
Last Checked: Jul 29 at 4:07PM
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 Millennium Properties Real Estate
Investment Insights
Based on property information with market context.
The property is an automotive and repair facility featuring 17,868 square feet of single-story space with a partial second floor. The building is fully sprinklered and supported by an 800-amp, 120/208-volt, 3-phase electrical service. Parking includes 63 outdoor spaces plus approximately 15 interior spaces, and the property has three curb cuts.
With approximately 300 feet of frontage on Milwaukee Ave. (Route 21), the site is positioned along a main artery. Milwaukee Ave carries an estimated 25,795 vehicles daily. The property is offered with a month-to-month lease with a repair shop.
The site totals 47,511 square feet of land and is zoned C-3: General Commercial.
With approximately 300 feet of frontage on Milwaukee Ave. (Route 21), the site is positioned along a main artery. Milwaukee Ave carries an estimated 25,795 vehicles daily. The property is offered with a month-to-month lease with a repair shop.
The site totals 47,511 square feet of land and is zoned C-3: General Commercial.
Key Highlights
- 17,868 SF single‑story automotive and repair facility with partial second floor
- Fully sprinklered building
- Ample parking with 63 outdoor spaces plus 15 +/- interior spaces
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.8k | $6.48 |
| − Vacancy | −$5.9k | −$0.33 |
| EGI | $109.9k | $6.15 |
| − OpEx | −$33.0k | −$1.84 |
| NOI | $76.9k | $4.30 |
17,868 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.61M
$2.28M – $3.05M
NOI $182,736 @ 7.0% cap · market cap 9.62%
Second Best
Industrial
$1.10M
$961.5K – $1.28M
NOI $76,916 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$6.17M
$5.40M – $7.20M
NOI $431,830 @ 7.0% cap · market cap 22.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
25,795 VPD
Traffic count
Yes
Heavy power
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,858
Businesses Nearby
79k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 44%
Panera Bread
Dining
17,123 visits/mo
0.3 miles
Shell
Shops & Services
16,784 visits/mo
0.3 miles
The UPS Store
Shops & Services
10,913 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
7,139 visits/mo
0.4 miles
BP
Shops & Services
6,211 visits/mo
0.3 miles
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 Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Firestone — 902 S Milwaukee Ave, Libertyville, IL 60048
- Libertyville Chevrolet Service Department — 1001 S Milwaukee Ave, Libertyville, IL 60048
- Duxler Libertyville Tire — 902 S Milwaukee Ave, Libertyville, IL 60048
- Liberty Kia Service Department — 921 S Milwaukee Ave, Libertyville, IL 60048
- Liberty Nissan Service — 920 S Milwaukee Ave, Libertyville, IL 60048
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive and repair facility with fully sprinklered single-story space, partial second floor, and ample parking.
Where is this auto shop located?
The property is located at 211 S Milwaukee Ave Libertyville, IL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 17,868 SF single‑story automotive and repair facility with partial second floor; Fully sprinklered building; Ample parking with 63 outdoor spaces plus 15 +/- interior spaces
