Contemporary Office Building with
326 S Milwaukee Avenue Libertyville, IL 60048
326 S Milwaukee Avenue, Libertyville, IL, 60048
$750,000
Pending
For Sale
$750,000
Pending
Free-standing office building with parking in a high-visibility location.
Property Size2,200 SF
Days on Market271
Property Features for 326 S Milwaukee Avenue
General Information
- Standard status
- Pending
- Size
- 2,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing agency
MC REALTY GROUP, INC.
(847) 803-8446
Listed by
CHERI CHO
Source
Corcoran
Added: Oct 25, 2025 Updated: Jul 6 at 10:14AM Checked: Jul 21 at 5:30AM
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 MC REALTY GROUP, INC.
Investment Insights
Based on property information with market context.
This contemporary, free-standing office building is situated on a corner lot and includes a parking lot with 14 spaces. The building features a unique exterior design intended to attract attention. The interior space of 2,200 square feet consists of two separate offices, a large main area, and a reception area with built-in workdesks. Additionally, there is an 800-square-foot basement with a kitchenette and an open work station. The building has five large windows suitable for displaying or advertising a business. It is ramp accessible and has two separate entrances and three washrooms. The property is available for sale or lease.
Key Highlights
- Prime corner lot location with high visibility
- Dedicated parking lot with 14 spaces
- Unique exterior design
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.9k | $24.48 |
| − Vacancy | −$13.4k | −$6.10 |
| EGI | $40.4k | $18.38 |
| − OpEx | −$10.1k | −$4.60 |
| NOI | $30.3k | $13.79 |
2,200 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$433.3K
$379.2K – $505.6K
NOI $30,334 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$759.6K
$664.6K – $886.2K
NOI $53,169 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Free-standing office building with parking in a high-visibility location.
Where is this office building located?
The property is located at 326 S Milwaukee Avenue Libertyville, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime corner lot location with high visibility; Dedicated parking lot with 14 spaces; Unique exterior design
