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For Lease
$21 SF/Yr Modified Gross

289 Peterson Rd, Libertyville, IL 60048

Prime Commercial Office Space for Lease

Space Size1,250 SF
Days on Market363

Property Features for 289 Peterson Rd

General Information

Standard status Active
Property type Retail properties & Spaces, Office Spaces, Medical space
Size 1,250 SF
Class B
Total Parking Spaces 10
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
Listing Agency:
Listed By: Muhammad Hafeez
Added: Sep 2, 2025 Changed: Mar 16

Property Analytics

Current Use

Medical space

Suggested Use

Top Pick Hotel & Motel Big Box & Wholesale Store Pharmacy (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

509
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail property - Prime Commercial Office Space for Lease
Where is this retail property located?
The property is located at 289 Peterson Rd Libertyville, IL.
What is the lease rate?
The lease rate is $21 SF/Yr.
More about this property
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