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Historic Retail Space
New
For Lease
$21.50 SF/Yr CAM $8.05 /USD/SF/YR

524 N Milwaukee Ave., Libertyville, IL 60648

A modified gross lease places retail space in Libertyville’s business district.

Space Size2,160 SF
Property Size23,898 SF
Days on Market2

Property Features for 524 N Milwaukee Ave.

General Information

Standard status Active
Size 2,160 SF
Net Rentable 2,160 SF
Property subtype Retail
Lease Type Modified Gross
Lease Term NNN

Space & Availability

Available Space 2,160 SF
Contiguous Space 2,160 SF
Space Use Retail

Lease Terms

Lease Rate $21.50 /USD/SF/YR
Monthly Rent $3,870
Rent per SF/Year $21.50
CAM $8.05 /USD/SF/YR

Building Details

Building Size 23,898 SF
Year Built 1903

Spaces For Lease

at 524 N Milwaukee Ave.
524 Milwaukee $21.50/SF/Yr
Size 2,160 SF
Type Street Retail
Term CAM and Taxes are an additional $8.05/foot
Contact us
Listing Agency: Troy Companies
Listed By: Steve Cioromski
Source: Troyrealtyltd
Added: Oct 7 Last Checked: Oct 7 at 2:57PM

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 Troy Companies

Investment Insights

Based on property information with market context.

This 2,160-square-foot retail space is in the Proctor Building, constructed in 1903. The lease is structured as modified gross.

The property is located at 524 N. Milwaukee Ave. in Libertyville’s business district.

Key Highlights

  • 2,160 square feet of retail space
  • Constructed in 1903
  • Located at 524 N. Milwaukee Ave., Libertyville, IL 60648

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Daycare Center Catering Service Bakery Home Appliance 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.

Lease Details

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

1,367
Businesses Nearby
75k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 51% Dining 46% Apparel 2%
Shell Shops & Services
16,784 visits/mo 0.4 miles
Egg Harbor Cafe Dining
8,988 visits/mo 0.1 miles
Chipotle Mexican Grill Dining
7,139 visits/mo 0.3 miles
Shell Shops & Services
6,332 visits/mo 0.1 miles
BP Shops & Services
6,211 visits/mo 0.4 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - A modified gross lease places retail space in Libertyville’s business district.
Where is this retail space located?
The property is located at 524 N Milwaukee Ave. Libertyville, IL.
What is the lease rate?
The lease rate is $21.50 SF/Yr.
What are key features of this property?
This property features: 2,160 square feet of retail space; Constructed in 1903; Located at 524 N. Milwaukee Ave., Libertyville, IL 60648
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