426 S Milwaukee Avenue Libertyville, IL 60048
High-visibility commercial land in Libertyville with redevelopment potential.
Type:Commercial
Property size:
35,542 SF- Added:
- Nov 6, 2025
- Days on Market:
- 166
- Last Refresh:
- Apr 5 at 8:28 pm
Property Features for 426 S Milwaukee Avenue
General Information
- Standard status
- Active
- Size
- 35,542 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing agent BENJAMIN LOVINGER License #475187079
Listing office BAIRD & WARNER (847) 367-1855
Listing date Nov 6, 2025
Source Corcoran
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 BAIRD & WARNER
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Libertyville
- County
- Lake
- State
- Illinois
- Longitude
- -87.9541
- Latitude
- 42.2876
Nearby Similar for Sale
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 Avenue 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.
