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Mixed-Use Building with Mezzanine
For Sale
Contact for pricing

401 E Park Ave, Libertyville, IL 60048

Bright, move-in-ready commercial space with an open layout, parking, and C zoning.

Property SizeContact for details
Days on Market143

Property Features for 401 E Park Ave

General Information

Standard status Active
Property subtype Retail, Office, Mixed Use
Listing Agency: @properties Commercial
Listed By: Mike Levin · License #IL
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 8:16AM

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 @properties Commercial

Investment Insights

Based on property information with market context.

This mixed-use commercial building offers 2000 SQ FT of interior space on a 10,352 SQ FT land site. The bright open layout includes multiple work areas, a kitchenette, rear storage, an outdoor deck, and a second-floor mezzanine reached by a steel spiral staircase. Additional features include 20' vaulted ceilings, skylights, ceiling fans, a gas fireplace, an expansive basement, and a 200 Amp electric service. The building also has a sprinkler system, connected police and fire alarm, and handicap accessibility.

Located at 401 E Park Ave in Libertyville, the property fronts RT 176 near Milwaukee Avenue, where 13,100 vehicles per day pass the site. The parcel measures 50' X 174' and provides front and rear parking lots with space for 10 cars. C zoning and proximity to public transportation and tollways support a range of professional, office, retail, and service-oriented uses identified for the property.

Key Highlights

  • 2000 SQ FT building on a 10,352 SQ FT land site
  • 13,100 vehicles per day pass the RT 176 location
  • C zoning with front and rear parking lots

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.

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

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?
Mixed-use property - Bright, move-in-ready commercial space with an open layout, parking, and C zoning.
Where is this mixed-use property located?
The property is located at 401 E Park Ave Libertyville, IL.
What are key features of this property?
This property features: 2000 SQ FT building on a 10,352 SQ FT land site; 13,100 vehicles per day pass the RT 176 location; C zoning with front and rear parking lots
(847) 977-5389 Call to check price and availability
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