Retail Space with Exposed
New
For Lease
$34.50 SF/Yr
537 N Milwaukee Avenue, Libertyville, IL 60048
Ground-level commercial space with flexible build-out, rear access, and public parking near the commuter rail station.
Space Size2,400 SF
Days on Market6
Property Features for 537 N Milwaukee Avenue
General Information
Standard status
Active
Size
2,400 SF
Net Rentable
2,400 SF
Zoning
RTAIL
Space & Availability
Available Space
2,400 SF
Contiguous Space
2,400 SF
Floor
Ground
Space Use
Retail
Taxes and HOA fees
Annual Taxes
$16,851
Amenities
hardwood floors
exposed brick walls
10 ft ceilings
break room
private office
kitchen
bathrooms
public parking
front and rear door access
Building Details
Year Built
1927
Stories
1
Units
1
Listing Agency:
RE/MAX Suburban
(847) 367-8686
Listed By:
Lynn Fairfield · License #471002589
(847) 367-8686
Source:
Cavanaghrealty
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 29 at 2:37PM
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 RE/MAX Suburban
Investment Insights
Based on property information with market context.
This 2,400-square-foot retail space occupies a ground-level storefront with front and rear entrances. The interior includes hardwood flooring, exposed brick walls, 10-foot ceilings, a beauty shop build-out, break room, private office, kitchen, and bathrooms. The property was built in 1927 and is identified with RTAIL zoning. Tenant-paid utilities apply to the space.
The property is located on Milwaukee Rd in downtown Libertyville, with average daily traffic exceeding 20,000 vehicles. It is two blocks from the commuter train and close to the METRA station, public parking, retailers, restaurants, and residential neighborhoods. The surrounding village setting includes local shops, bars, dining, seasonal events, and festivals.
The property is located on Milwaukee Rd in downtown Libertyville, with average daily traffic exceeding 20,000 vehicles. It is two blocks from the commuter train and close to the METRA station, public parking, retailers, restaurants, and residential neighborhoods. The surrounding village setting includes local shops, bars, dining, seasonal events, and festivals.
Key Highlights
- 2,400 SF ground‑level retail space with front and rear access
- Existing beauty shop build‑out with break room, private office, kitchen, and bathrooms
- Hardwood floors, exposed brick walls, and 10 ft ceilings
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.18 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
75k
Monthly Visits Nearby
Explore this area
Business Placement
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
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Ground-level commercial space with flexible build-out, rear access, and public parking near the commuter rail station.
Where is this retail space located?
The property is located at 537 N Milwaukee Avenue Libertyville, IL.
What is the lease rate?
The lease rate is $34.50 SF/Yr.
What are key features of this property?
This property features: 2,400 SF ground‑level retail space with front and rear access; Existing beauty shop build‑out with break room, private office, kitchen, and bathrooms; Hardwood floors, exposed brick walls, and 10 ft ceilings
