Corner Property Ideal for
For Lease
$22 SF/Yr Modified Gross
287 Peterson Rd, Libertyville, IL 60048
Prime Corner Office / Retail / Commercial Property with Exceptional Visibility
Space Size2,450 SF
Days on Market410
Property Features for 287 Peterson Rd
General Information
Standard status
Active
Property type
Retail properties & Spaces, Office Spaces, Medical space
Size
2,450 SF
Class
B
Total Parking Spaces
8
Elevators
N/A
Lease Type
Modified Gross
Lease Term
Flexible
Rate Type
Yearly
Building Details
Year Built
1987
Year Renovated
2025
Buildings
1
Stories
1
Listed By:
Muhammad Hafeez Haroon
(847) 312-2159
Added: Sep 2, 2025
Changed: Mar 16
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Investment Insights
Based on property information with market context.
Located at 287 Peterson Rd in Libertyville, Illinois, this 2,450-unit property is suitable for a medical office, urgent care, professional office, or retail. Situated on the high-traffic Peterson/Buckley Rd (Route 137) corridor, the location benefits from an average daily traffic count of approximately 32,000 vehicles, providing exceptional visibility and accessibility. The property is located just 0.65 miles from I-94 (Tri-State Tollway). The property has been recently renovated with brand-new finishes throughout. Existing medical equipment and furnishings are available for sale. The corner lot provides multiple frontages and a slightly projected layout, ensuring standout visibility from all directions. Ample on-site parking is available to accommodate patients and staff. This property offers the opportunity to establish a practice in a fully updated, highly visible, medical-ready facility in Libertyville’s commercial corridor. It is positioned for a medical group, urgent care operator, or any professional office seeking maximum visibility and convenience.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM
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
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Market
Lease Benchmarks for Libertyville, IL
$25.25 /SF/Yr
Avg Asking Price
$20–$45 /SF/Yr
Price Range
3,940 SF
Avg Space Size
This space is priced 13% below the average of $25.25 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail property - Prime Corner Office / Retail / Commercial Property with Exceptional Visibility
Where is this retail property located?
The property is located at 287 Peterson Rd Libertyville, IL.
What is the lease rate?
The lease rate is $22 SF/Yr.
