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    Libertyville, IL Commercial Real Estate for Sale

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    287 Peterson Rd. Libertyville, IL 60048 - Peterson Commons
    Updated: Sep 2, 2025
    287 Peterson Rd. Libertyville, IL 60048 - Peterson Commons

    287 Peterson Rd, Libertyville, IL 60048

    $425,000
    2,450 sqft
    High‑Traffic, Established Commercial Center
    Recently Renovated, Corner Lot, Ample Parking, diverse mix of established businesses, creating consistent daily activity and a steady flow of customer traffic, Prime location with an average of ~ 32,000 VPD.
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    This listing looks promising.

    Here's a quick look at some key insights for

    287 Peterson Rd, Libertyville, IL 60048

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    • Est. Cap Rate

      8.4%
      Above avg (5.9%)

    • Est. NOI

      $35K
      Annual

    • Mortgage

      $270K
      May 2024

    • Last Sold

      Aug 2025
      $188K
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    Move-In Ready Office Suites
    Updated: Mar 20
    Move-In Ready Office Suites

    28085 N Ashley Circle, Libertyville, IL 60048

    $315,000
    3,000 sqft 0.92 AC lot
    Move‑in ready, updated office condominium in a desirable North Shore location.
    Seven private, window‑lined offices with views of calming greenspace.
    Direct access to parkside seating and lunch patio overlooking a serene pond.
    Immediate connectivity to TriState Tollway (I94/294) & Route 60 for easy commutes.
    Three expansive common areas suitable for various work styles.
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    Professional Office Suites with Parking
    Professional Office Suites with Parking

    1017/1019 W Park Avenue, Libertyville, IL 60048

    $799,000
    0.10 AC lot

    Upscale main-level office suites with private restrooms in a professionally maintained building with ample parking.

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    Multi-Unit Retail & Drive-In Site
    Multi-Unit Retail & Drive-In Site

    197 Peterson Road, Libertyville, IL 60048

    $1,599,000
    0.69 AC lot

    Five flexible commercial units with substantial parking and 11 drive-in bays for vehicle-accessible retail or service use.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Two-Building Office Center with Pond
    Two-Building Office Center with Pond

    1580 S Milwaukee Ave, Libertyville, IL 60048

    $6,300,000
    86,880 sqft 5.10 AC lot

    Two office buildings with pond amenity and a ground-floor restaurant located between the buildings.

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    Retail Space in Downtown Libertyville
    Retail Space in Downtown Libertyville

    121 W Church Street, Libertyville, IL 60048

    $1,500,000
    0.71 AC lot

    2,000+ sq ft retail space in new building.

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    Light-Filled Office Suite with Three Offices
    Light-Filled Office Suite with Three Offices

    14047 W Petronella Drive, Libertyville, IL 60048

    $162,000

    Light-filled office suite with three private offices and an open layout for flexible workplace planning.

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    Office Suite with Elevator Access
    Office Suite with Elevator Access

    1880 W Winchester Road, Libertyville, IL 60048

    $259,900
    4.39 AC lot

    Office suite includes five private offices, reception, kitchen, storage, and two bathrooms in an elevator-served building.

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    Office-Warehouse with Overhead Door
    Office-Warehouse with Overhead Door

    Libertyville, IL 60048

    $399,000
    2,622 sqft

    Freshly built-out office-warehouse includes office improvements and a 1020 overhead loading door.

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    Office Condominium Suite with Private Bath
    Office Condominium Suite with Private Bath

    708 Florsheim Drive, Libertyville, IL 60048

    $204,900

    Well-appointed office layout includes kitchenette, reception/copy area, and a private bath.

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    Land in Downtown Libertyville
    Land in Downtown Libertyville

    E Sunnyside Avenue, Libertyville, IL 60048

    $150,000

    Platted lot near bike path, train, and amenities.

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    Mixed-Use Trophy Asset in Libertyville
    Mixed-Use Trophy Asset in Libertyville

    545 North Milwaukee Avenue, Libertyville, IL 60048

    $6,995,000
    16,621 sqft

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

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    Multi-Tenant Retail Building in Libertyville
    Multi-Tenant Retail Building in Libertyville

    211 S Milwaukee Ave, Libertyville, IL 60048

    $1,900,000
    17,620 sqft 1.09 AC lot

    Multi-tenant retail building with redevelopment potential in a prime location.

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    Libertyville Office Condo For Sale
    Libertyville Office Condo For Sale

    14047 W Petronella Dr, Libertyville, IL 60048

    $409,500
    3,500 sqft

    Commercial office condo in Libertyville with income potential.

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    First-Floor Office Unit
    First-Floor Office Unit

    121 W Church Street #2, Libertyville, IL 60048

    $1,500,000
    2,000 sqft

    First-floor office unit in a new custom-built building in downtown Libertyville.

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    Class A Medical Office Campus
    Class A Medical Office Campus

    1800 & 1900 Hollister Dr, Libertyville, IL 60048

    Contact for pricing
    92,000 sqft

    Two-building medical campus near Advocate Condell Medical Center.

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    Contemporary Office Building with Parking
    Contemporary Office Building with Parking

    326 S Milwaukee Avenue, Libertyville, IL 60048

    $750,000
    2,200 sqft

    Free-standing office building with parking in a high-visibility location.

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    Viking Office Park Office Suite
    Viking Office Park Office Suite

    28045 N Ashley Cir, Libertyville, IL 60048

    Contact for pricing
    1,920 sqft

    Bright office space in Libertyville's Viking Office Park.

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    One-Story Retail Shopping Center Suites
    One-Story Retail Shopping Center Suites

    1125-1199 S. Milwaukee Avenue, Libertyville, IL 60048

    Contact for pricing
    101,210 sqft 9.71 AC lot

    One-story brick shopping center with 15 suites and 316-stall paved customer parking, currently 93% leased.

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    Indian Fusion Restaurant with Private Dining
    Indian Fusion Restaurant with Private Dining

    620 N Milwaukee Ave, Libertyville, IL 60048

    $599,000

    Indian fusion restaurant operating since January 2023 with capacity for about 120 guests and flexible private dining options.

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    Prime Libertyville Commercial Property
    Prime Libertyville Commercial Property

    134 S Milwaukee Avenue, Libertyville, IL 60048

    $375,000
    0.10 AC lot

    High-visibility commercial property ideal for office or retail use.

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    Office Suite with Three Offices
    Office Suite with Three Offices

    14047 W Petronella Drive #201, Libertyville, IL 60048

    $162,000

    Light-filled office suite includes three private offices and an open layout for flexible workspace planning.

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    Retail Center Restaurant and Stores
    Retail Center Restaurant and Stores

    1742-1768 North Milwaukee Avenue, Libertyville, IL 60048

    Contact for pricing

    2003-built retail center offers contiguous storefront space and a second-generation restaurant suite with FF&E available.

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    Canlan Sports - Libertyville
    Canlan Sports - Libertyville

    1950 Us Highway 45, Libertyville, IL 60048

    Contact for pricing

    NOW LEASING AT CANLAN SPORTS LIBERTYVILLE

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    Libertyville, IL Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Libertyville, IL, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 139,893 square feet of properties for sale, with an estimated market value of $19,318,500.

    Sale prices for business properties in Libertyville, IL start at $315,000, averaging $1,931,850, and reaching up to $6,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 29K
    Population Growth (5Y) -0.4%
    Median Household Income $169,283
    College Educated 50.7%

    High-Yield Neighborhoods for Investment

    Identify Libertyville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60048 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 7.69%
    Property Tax per SF $91.39 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Libertyville fall within the 100,000+ square foot range.

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