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Freestanding Corner Office Building
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326 S Milwaukee Avenue, Libertyville, IL 60048

Contemporary office property with dedicated parking, flexible interior areas, and multiple entrances for business operations.

Property Size2,200 SF
Price / SF$0.01
Days on Market302

Property Features for 326 S Milwaukee Avenue

General Information

Standard status Active
Size 2,200 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $18,533

Building Details

Building Size 2,200 SF
Year Built 1977
Stories 1
Listing Agency: MC Realty Group, Inc.
Listed By: Cheri Cho
Source: Cavanaghrealty
Added: Oct 24, 2025 Changed: Aug 21 Last Checked: Aug 21 at 2:12PM

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 freestanding office building occupies a corner lot in Libertyville and includes a dedicated parking area. The main level provides 2,200 SF with two private offices, a large central area, reception space with built-in workdesks, five oversized display windows, and three washrooms. A separate 800 SF basement adds a kitchenette and open workstation area.

The property offers ramp access, two independent entrances, and on-site parking for 14 vehicles. Its exterior design and corner position provide a distinct presence along S Milwaukee Avenue. Built in 1977, the building combines defined office areas with open space that can support a range of workplace configurations.

Key Highlights

  • 2,200 SF main level plus an 800 SF basement
  • 14‑space dedicated parking lot on a corner parcel
  • Two private offices and a large central work area

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Garden Center Pharmacy Hotel & Motel Big Box & Wholesale Store Building Supply (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

1,411
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
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Frequently Asked Questions

What type of property is this?
Office building - Contemporary office property with dedicated parking, flexible interior areas, and multiple entrances for business operations.
Where is this office building located?
The property is located at 326 S Milwaukee Avenue Libertyville, IL.
What are key features of this property?
This property features: 2,200 SF main level plus an 800 SF basement; 14‑space dedicated parking lot on a corner parcel; Two private offices and a large central work area
More about this property
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