For Sale
$425,000
287 Peterson Rd, Libertyville, IL 60048
Prime Corner Medical / Commercial Property with Exceptional Visibility
Property Size2,450 SF
Price / SF$173.47
Days on Market408
Property Features for 287 Peterson Rd
General Information
Standard status
Active
Property type
Office Units, Medical space, Other retail properties, Office Spaces, Healthcare properties, Retail properties & Spaces
Size
2,450 SF
Class
B
Total Parking Spaces
10
Elevators
N/A
Investment Type
Owner User
Building Details
Year Built
1987
Year Renovated
2025
Buildings
1
Stories
1
Listed By:
Muhammad Haroon
(847) 312-2159
Added: Sep 2, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
Key Highlights
- High‑Traffic, Established Commercial Center
- Recently Renovated, Corner Lot, Ample Parking, diverse mix of established businesses, creating consistent daily activity and a steady flow of customer traffic, Prime location with an average of ~ 32,000 VPD.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,486
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,720
$709.7K
Cap Rate 7%
$506,943
$506.9K
Cap Rate 9%
$394,289
$394.3K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$64.7K $26.40/SF
− Vacancy
−$5.5K −$2.26/SF
EGI
$59.1K $24.14/SF
− OpEx
−$23.7K −$9.66/SF
NOI
$35.5K $14.48/SF
Area
Lake County, IL
Vacancy
8.56%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,720
Cap Rate 7%
$506,943
Cap Rate 9%
$394,289
Alternative Uses
Best Use
Healthcare Medical
$506.9K
$443.6K – $591.4K
NOI $35,486 @ 7.0% cap · market cap 8.35%
Second Best
Office B
$482.6K
$422.3K – $563.0K
NOI $33,781 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$845.9K
$740.1K – $986.9K
NOI $59,211 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
509
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Prime Corner Medical / Commercial Property with Exceptional Visibility
Where is this office units located?
The property is located at 287 Peterson Rd Libertyville, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: High‑Traffic, Established Commercial Center; Recently Renovated, Corner Lot, Ample Parking, diverse mix of established businesses, creating consistent daily activity and a steady flow of customer traffic, Prime location with an average of ~ 32,000 VPD.
