Ground-Level Retail
For Lease
Contact for pricing
537 N Milwaukee Avenue, Libertyville, IL 60048
Commercial Lease, Libertyville, IL
Space Size2,400 SF
Days on Market179
Property Features for 537 N Milwaukee Avenue
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
RTAIL
Directions
Lake & Milwaukee S2 building ( public parking in the rear)
Subdivision
Green Oaks / Libertyville
Standard status
Active
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
16851
Utilities
Cooling system
Central Air
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
Floors in Building
1
Number of units
1
Flooring type
Wood
Building materials
Brick, Frame
Roof type
Membrane
Listing Agency:
RE/MAX Suburban · RE/MAX International
(847) 367-8686
Listed By:
Lynn Fairfield · License #471002589
(847) 259-0202
Added: Mar 11
Changed: Aug 19
Last Checked: Sep 5 at 11:06PM
MLS# 12588419
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This approximately 2,400-square-foot retail space occupies a ground-level storefront with front and rear entrances. The existing configuration includes a beauty-shop build-out, private office, break room, kitchen, and bathrooms. Hardwood flooring, exposed brick walls, 10-foot ceilings, neutral paint, and central air are among the installed features. The building dates to 1927 and uses brick and frame construction.
The property is located on Milwaukee Road in downtown Libertyville, with reported average daily traffic exceeding 20,000 vehicles. The Libertyville METRA station is two blocks away, and public parking is available nearby. Local retail, restaurants, bars, and residential areas are also identified in the surrounding setting. The space is subject to RTAIL zoning, and the tenant pays all utilities.
The property is located on Milwaukee Road in downtown Libertyville, with reported average daily traffic exceeding 20,000 vehicles. The Libertyville METRA station is two blocks away, and public parking is available nearby. Local retail, restaurants, bars, and residential areas are also identified in the surrounding setting. The space is subject to RTAIL zoning, and the tenant pays all utilities.
Key Highlights
- Approximately 2,400 SF of retail space
- Existing beauty‑shop build‑out with office, break room, kitchen, and bathrooms
- Front and rear entry doors with ground‑level access
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Utilities to site
NNN (Triple Net)
Lease Type
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 - Existing beauty-shop improvements include private office, break room, kitchen, and bathrooms.
Where is this retail space located?
The property is located at 537 N Milwaukee Avenue Libertyville, IL.
What are key features of this property?
This property features: Approximately 2,400 SF of retail space; Existing beauty‑shop build‑out with office, break room, kitchen, and bathrooms; Front and rear entry doors with ground‑level access
