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Office Unit With Private Offices
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303 E Park Avenue, Libertyville, IL 60048

Commercial Lease, Libertyville, IL

Space SizeContact for details
Days on Market1088

Property Features for 303 E Park Avenue

General Information

Property type Commercial Lease
Property subtype Office
Zoning OFFIC
Directions From 94 West to Rockland. Head West 2 Miles, Lot Will Be On Your Left. From North Take Milwaukee Ave., Make A Right Onto Park Ave. Unit Will Be 0.2 Miles On Your Right.
Subdivision Green Oaks / Libertyville
Standard status Active

Utilities

Cooling system Central Air

Amenities

kitchenette

Building Details

Year built 1974
Floors in Building 1
Number of units 1
Flooring type Wood
Building materials Brick
Listing Agency: HomeSmart Connect LLC · HomeSmart International
Listed By: Desi Zamora · License #475185050
Added: Sep 1, 2023 Changed: Aug 19 Last Checked: Aug 23 at 7:06AM
MLS# 11875603

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This office unit provides three enclosed offices along with a larger flexible room suitable for executive use, meetings, or conference functions. The space includes a receptionist desk, kitchenette, and two washrooms, with wood flooring, central air, and brick construction. It was built in 1974 and carries OFFIC zoning.

The property is in the downtown Libertyville area, within walking distance of shops and restaurants. A large parking lot serves the office property. The lease structure is NNN, supporting professional office occupancy including medical, legal, and other professional uses as identified for the space.

Key Highlights

  • Three private offices plus one extra‑large flexible room
  • Receptionist desk, kitchenette, and 2 washrooms
  • Large parking lot for office visitors and occupants

Property Analytics

Current Use

Office Units

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

Location Intelligence

Trade Area within ½ mile

789
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

Lease Benchmarks for Libertyville, IL

$16.91 /SF/Yr
Avg Asking Price
$12–$24 /SF/Yr
Price Range
1,808 SF
Avg Space Size

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?
Office units - Professional office unit with a kitchenette, reception desk, and two washrooms near downtown amenities.
Where is this office units located?
The property is located at 303 E Park Avenue Libertyville, IL.
What are key features of this property?
This property features: Three private offices plus one extra‑large flexible room; Receptionist desk, kitchenette, and 2 washrooms; Large parking lot for office visitors and occupants
More about this property
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