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    1742 Milwaukee Ave Libertyville, IL 60048

    Sponsored
    For Lease
    $18 SF/Yr

    Upscale Libertyville retail space available.

    Lot size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Adler Square Retail Center, a Class A property located at 1742 N Milwaukee Ave, Libertyville, IL 60048, offers exceptional retail opportunities. Built in 2003, this single-building center boasts a total of 22,000 square feet situated on a 1.93-acre lot. The property is zoned B2 and is conveniently located at the intersection of Milwaukee and Buckley Avenues in Lake County. Multiple tenancy options are available, with spaces ranging from a minimum of 1,083 square feet to a maximum contiguous space of 6,844 square feet. Currently, 13,827 square feet of space is vacant. This includes a 5,900 square foot second-generation restaurant space, ideal for a variety of culinary concepts. Additionally, up to 4,126 square feet of adaptable "vanilla box" storefront space is available, offering flexibility for various floor plans and tenant needs. This prime retail location provides excellent visibility and accessibility, making it an attractive investment opportunity for businesses seeking a presence in the thriving Libertyville market. The property's upscale design and convenient location make it an ideal choice for a variety of retail uses.

    Property Features for 1742 Milwaukee Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,000 SF
    Class
    A
    Total Rate
    33000

    Building Details

    Year Built
    2003
    Buildings
    1

    Unit(s) available at that property

    Space
    Unit J &K - 1766 N Milwaukee Avenue
    Size
    5,900 SF
    Space
    1752
    Size
    6,844 SF
    Rate per SF
    $18

    HighLights

    • 5,900 SF second‑generation restaurant space available.
    • Walgreens shadow anchor tenant.
    • High traffic counts.
    • Large monument signage on Milwaukee Avenue.
    • Full access to Buckley and Milwaukee Avenues.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Libertyville
    County
    Lake
    State
    Illinois
    Longitude
    -87.95870467
    Latitude
    42.30463332

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    FAQs

    What type of property is this?
    Retail property - Upscale Libertyville retail space available.
    Where is this retail property located?
    The property is located at 1742 Milwaukee Ave Libertyville, IL.
    What is the lease rate?
    The lease rate is $0.00-$18 SF/Yr.
    What are key features of this property?
    This property features: 5,900 SF second-generation restaurant space available.; Walgreens shadow anchor tenant.; High traffic counts.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1742 Milwaukee Ave Libertyville, IL 60048
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