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    1117 Milwaukee Ave Libertyville, IL 60048

    Sponsored
    For Lease
    $10 SF/Yr

    Multiple Suites, 735-14,075 sq ft

    Lot size:
    24,889 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Forum Square offers exceptional office space in Libertyville, IL. This four-building complex, situated at 1117 S Milwaukee Ave, zip code 60048, provides a variety of suites ranging from 735 to over 14,000 square feet. Each unit boasts a private entrance, private restroom, and individually controlled HVAC systems, ensuring comfort and privacy. The property is ideal for a wide range of businesses, including medical, dental, legal, and insurance practices, as well as other professional services. Recent upgrades include a fresh exterior paint job, updated landscaping, new lighting throughout, and a newly paved parking lot. The property is located in Lake County and offers multiple tenancy options. The available spaces are suitable for various needs, from small businesses to larger organizations. The flexible space options and convenient location make Forum Square an attractive option for businesses seeking a professional and well-maintained office environment in Libertyville. The address is easily accessible from Milwaukee Avenue.

    Property Features for 1117 Milwaukee Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,889 SF

    Unit(s) available at that property

    Space
    D11 + D12
    Size
    2,002 SF
    Rate per SF
    $13
    Space
    B4
    Size
    1,205 SF
    Rate per SF
    $14
    Space
    D9 + D10
    Size
    2,755 SF
    Rate per SF
    $13
    Space
    B8
    Size
    1,203 SF
    Rate per SF
    $13
    Space
    B5
    Size
    984 SF
    Rate per SF
    $13
    Space
    D7
    Size
    1,930 SF
    Rate per SF
    $13
    Space
    Building C
    Size
    14,075 SF
    Rate per SF
    $10
    Space
    A14
    Size
    735 SF
    Rate per SF
    $14

    HighLights

    • Excellent Milwaukee Avenue (Route 21) location.
    • Attractive park‑like setting.
    • Recently renovated.
    • Abundant parking available.
    • Easy I‑94 access via Routes 60 and 176.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -87.950227194067
    Latitude
    42.268075178956

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    FAQs

    What type of property is this?
    Individual retail property - Multiple Suites, 735-14,075 sq ft
    Where is this individual retail property located?
    The property is located at 1117 Milwaukee Ave Libertyville, IL.
    What is the lease rate?
    The lease rate is $10-$14 SF/Yr.
    What are key features of this property?
    This property features: Excellent Milwaukee Avenue (Route 21) location.; Attractive park-like setting.; Recently renovated.
    Request Owner's contact information
    1117 Milwaukee Ave Libertyville, IL 60048
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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
    1117 Milwaukee Ave Libertyville, IL 60048
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