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    1015-1047 Milwaukee Ave Libertyville, IL 60048

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    For Lease
    Contact for pricing

    Prime Libertyville location, multiple spaces.

    Lot size:
    11,604 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 11,604 square foot Class B retail strip center, built in 1989, offers multiple spaces for lease in the thriving Libertyville market. Four spaces are currently available, ranging from 1,364 to 2,484 contiguous square feet, with a total of 7,061 square feet currently vacant. The property boasts a highly visible location at the signalized intersection of Milwaukee Avenue and Winchester Road, benefiting from over 34,000 vehicles per day. Situated just north of downtown Libertyville, this center is surrounded by numerous established retailers, including Jewel Osco, McDonald's, and several other popular restaurants and banks. Existing tenants include Rosati's Pizza and Lover's Lane. The property features a convenient 35-stall surface parking lot, 246 feet of frontage along Milwaukee Avenue, and pylon signage. A 2,484 square foot end-cap space is available, offering black iron compatibility and a dedicated curb cut. Its prime location offers easy access to the Libertyville Metra station, Route 176, and Interstate 94, providing convenient access to Chicago and surrounding suburbs. The affluent market boasts an average household income of $123,000 within a three-mile radius, making this an exceptional opportunity for retail businesses seeking high visibility and strong consumer demographics. The property is black iron compatible.

    Property Features for 1015-1047 Milwaukee Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,604 SF
    Class
    B

    Building Details

    Year Built
    1989

    Unit(s) available at that property

    Space
    1027 N. Milwaukee Avenue
    Size
    1,388 SF
    Space
    1031-1035 N. Milwaukee Avenue
    Size
    1,825 SF
    Space
    1039 N. Milwaukee Avenue
    Size
    1,364 SF
    Space
    1047 N. Milwaukee Avenue
    Size
    2,484 SF

    HighLights

    • 11,604 SF Class B retail strip center in Lake County, IL.
    • Four spaces available, ranging from 1,364 SF to 2,484 SF.
    • 7,061 SF of vacant space available.
    • Located at a signalized intersection with high visibility (34,000 VPD).
    • Strong co‑tenancy including Rosati's Pizza and Lover's Lane, plus proximity to numerous national retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Libertyville
    County
    Lake
    State
    Illinois
    Longitude
    -87.955956
    Latitude
    42.2939061

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Libertyville location, multiple spaces.
    Where is this neighborhood center located?
    The property is located at 1015-1047 Milwaukee Ave Libertyville, IL.
    What are key features of this property?
    This property features: 11,604 SF Class B retail strip center in Lake County, IL.; Four spaces available, ranging from 1,364 SF to 2,484 SF.; 7,061 SF of vacant space available.
    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
    1015-1047 Milwaukee Ave Libertyville, IL 60048
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