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426 S Milwaukee Ave Libertyville, IL 60048

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For Sale
$1,995,000

High-visibility commercial land in Libertyville with redevelopment potential.

Property Features for 426 S Milwaukee Ave

General Information

Standard status
Active

Building Details

Year built
1955

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Listing Contact
Benjamin Lovinger
Source: Corcoran

Listing Agency: BAIRD & WARNER Listing Agent: Benjamin Lovinger

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Prime Libertyville Redevelopment Opportunity

This 35,542 sq ft end cap parcel is located at a busy intersection in Libertyville, offering visibility and access. The location experiences over 24,000 vehicles passing daily. The surrounding area has a median household income of $140,000 within one mile. Zoned for commercial use, the allowable building height is 45 feet, with the potential for additional height via special use permit. The site is suited for a mixed-use redevelopment, apartment project, or professional office suites. The Village of Libertyville is open to working on transformative projects. The property is improved with an auto repair shop, hardware store, and second-floor offices, all rented on a month-to-month basis. The end cap location offers design flexibility for projects that could incorporate a drive-thru component or high-traffic retail. The property is located minutes from downtown, Metra access, major retail, and employment centers.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Real Estate Agency Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Libertyville
County
Lake
State
Illinois
Longitude
-87.9540786
Latitude
42.2875506

FAQs

What type of property is this?
Commercial land - High-visibility commercial land in Libertyville with redevelopment potential.
Where is this commercial land located?
The property is located at 426 S Milwaukee Ave Libertyville, IL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: - Prime 35,542 sq ft end cap parcel at a high-traffic intersection in Libertyville.; - Excellent visibility with over 24,000 vehicles passing daily.; - Strong demographics: $140,000 median household income within one mile.
More about this property
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