Two-Story Mixed-Use
For Sale
$6,995,000
545-47 N Milwaukee Avenue, Libertyville, IL 60048
Downtown property combines office space with two restaurant suites under long-term leases.
Property Size16,621 SF
Price / SF$1,165
Days on Market99
Property Features for 545-47 N Milwaukee Avenue
General Information
Standard status
Active
Size
16,621 SF
Property subtype
Commercial
Zoning
COMMR
Additional Details
Floor
2
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$70,025
Building Details
Building Size
16,621 SF
Year Built
1920
Year Renovated
2008
Buildings
1
Stories
2
Units
3
Tenancy
Multi
Owner Occupied
Yes
Abandoned
No
Listing Agency:
Baird & Warner
(847) 367-1855
Listed By:
Benjamin Lovinger · License #475198374
(847) 367-1855
Source:
Ozmentrealestate
Added: May 11
Changed: Aug 16
Last Checked: Aug 16 at 3:05AM
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
Investment Insights
Based on property information with market context.
This two-story mixed-use building at 545-47 N Milwaukee Avenue includes a 6,000-square-foot open-plan office suite on the second floor and two restaurant spaces on the ground level. The property was built in 1920 and significantly remodeled in 2008, with interior finishes including slate tile and hickory flooring. It is fully ADA compliant, and parking requirements have been satisfied.
Located in Libertyville’s Downtown Core, the property is near the Metra station, restaurants, boutique shopping, and residential neighborhoods. The existing owner-occupant may vacate for a new business or remain under a lease-back arrangement. The ground-floor restaurant tenants hold long-term leases, while the varied layout supports multiple occupancy arrangements. Zoning is COMMR.
Located in Libertyville’s Downtown Core, the property is near the Metra station, restaurants, boutique shopping, and residential neighborhoods. The existing owner-occupant may vacate for a new business or remain under a lease-back arrangement. The ground-floor restaurant tenants hold long-term leases, while the varied layout supports multiple occupancy arrangements. Zoning is COMMR.
Key Highlights
- 6,000‑square‑foot second‑floor open‑plan office suite
- Two ground‑floor restaurant tenants with long‑term leases
- Built in 1920 and significantly remodeled in 2008
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property combines office space with two restaurant suites under long-term leases.
Where is this mixed-use property located?
The property is located at 545-47 N Milwaukee Avenue Libertyville, IL.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: 6,000‑square‑foot second‑floor open‑plan office suite; Two ground‑floor restaurant tenants with long‑term leases; Built in 1920 and significantly remodeled in 2008
