545 North Milwaukee Avenue Libertyville, IL 60048

Building Details

Year Built

1020

Listing office Baird & Warner Libertyville

Listing date May 14, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

Located in the heart of Libertyville's vibrant Downtown Core at 545-547 N Milwaukee Avenue, this mixed-use property presents an investment and owner-user opportunity. The two-story building, originally built in 1920 and significantly remodeled in 2008, combines historic architectural charm with modern infrastructure. The property has a total size of 16621 square feet. The 6000 square foot office suite features an open floor plan, premium finishes, and natural light. The building features multiple tenants across its floor plan, enhancing investment stability through diversified income streams. The current owner-occupant can vacate or remain under a lease-back agreement. The ground floor is anchored by two restaurant tenants signed to long-term leases. Interior build-outs include slate tiling and hickory flooring. The building is fully ADA compliant, and all parking requirements have been satisfied. Libertyville will be adding close to 300 residential units to its downtown district in the coming years, which will bolster visibility and pedestrian traffic.

Key Highlights

• Premier mixed‑use trophy asset in the heart of Libertyville's vibrant Downtown Core.
• Turn‑key and stable investment with diversified income streams, including two long‑term restaurant leases.
• Flexible owner‑occupant opportunity with a 6000 sq ft modern, open floor plan office suite featuring premium finishes and abundant natural light.

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FAQs

What type of property is this?

Mixed-use property - Premier mixed-use property in Libertyville's vibrant Downtown Core.

Where is this mixed-use property located?

The property is located at 545 North 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: Premier mixed‑use trophy asset in the heart of Libertyville's vibrant Downtown Core.; Turn‑key and stable investment with diversified income streams, including two long‑term restaurant leases.; **Flexible owner‑occupant opportunity with a 6000 sq ft modern, open floor plan office suite featuring premium finishes and abundant natural light.**