Leased Retail/Office Condo with
For Sale
Contact for pricing
289 Peterson Rd, Libertyville, IL 60048
Commercial condo unit with a reception area, washroom, kitchenette, and large windows on Peterson Road.
Property Size3,500 SF
Days on Market121
Property Features for 289 Peterson Rd
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Retail
Additional Details
Cap Rate
9.8%
Building Details
Year Renovated
2015
Tenancy
Multi
Listing Agency:
Marling Management, Inc.
Listed By:
James (Matt) Marling · License #475.122915
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 10:17PM
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 Marling Management, Inc.
Investment Insights
Based on property information with market context.
287 Peterson Road is a commercial condo unit offered for sale, totaling approximately 3,500 square feet, with about 1,200 leasable square feet available for an owner/user. The space is currently divided into three units, with two units leased and unit 101 available for occupancy. Unit 101 includes a reception area, washroom, kitchenette, and large windows providing exposure to Peterson Road.
The property is located in the Peterson Commons Retail Center on the south side of Peterson Road (Route 137), west of Milwaukee Avenue and east of Butterfield Road in Libertyville, Illinois. The existing tenants include Allstate Insurance and All Dolled Up, and the remarks indicate combined annual income over $40,000 with long-term lease commitments.
All three units were renovated in 2015. As described, the income details assume full occupancy, and the property is positioned for investor buyers seeking an already tenanted structure with a turnkey unit available for immediate occupancy.
The property is located in the Peterson Commons Retail Center on the south side of Peterson Road (Route 137), west of Milwaukee Avenue and east of Butterfield Road in Libertyville, Illinois. The existing tenants include Allstate Insurance and All Dolled Up, and the remarks indicate combined annual income over $40,000 with long-term lease commitments.
All three units were renovated in 2015. As described, the income details assume full occupancy, and the property is positioned for investor buyers seeking an already tenanted structure with a turnkey unit available for immediate occupancy.
Key Highlights
- Commercial condo unit with +/- 3,500 SF total, including +/- 1,200 leasable SF available for an owner/user
- Currently divided into 3 units: 2 leased; unit 101 is available for occupancy
- Unit 101 includes reception area, washroom, kitchenette, and large windows with exposure to Peterson Road (Route 137)
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial condo unit with a reception area, washroom, kitchenette, and large windows on Peterson Road.
Where is this retail space located?
The property is located at 289 Peterson Rd Libertyville, IL.
What are key features of this property?
This property features: Commercial condo unit with +/- 3,500 SF total, including +/- 1,200 leasable SF available for an owner/user; Currently divided into 3 units: 2 leased; unit 101 is available for occupancy; Unit 101 includes reception area, washroom, kitchenette, and large windows with exposure to Peterson Road (Route 137)
