Libertyville, IL Mixed-use properties for sale

$1,500,000

1.50 Acres

Prime Libertyville Land Parcel

1470 N Milwaukee Avenue, Libertyville, IL 60048

1.5-acre parcel on Milwaukee Avenue, ideal for development.

1.50‑acre parcel with high‑visibility frontage along Milwaukee Avenue (Route 21).
Ideal for a variety of retail‑oriented uses (Quick‑service restaurant, Mixed‑use, Medical office).
Adjacent to established retail and residential neighborhoods.
Strong exposure along Milwaukee Avenue.
Approximately 5 miles to I‑94 via Route 137, offering excellent regional connectivity.

Updated: Dec 5, 2025

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$6,995,000

16,621 SF

Mixed-Use Trophy Asset in Libertyville

545 North Milwaukee Avenue, Libertyville, IL 60048

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

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.
Recession‑resistant asset with high visibility and heavy pedestrian traffic.
Meticulously maintained building blending historic architectural charm with high‑end modern infrastructure, significantly remodeled in 2008.

Updated: May 14

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Libertyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

$779,000

15,280 SF

Cedar View Plaza Office Building

Professional office building with warehouse and ample parking near Metra.

95 W Grand Avenue, Lake Villa, IL 60046

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$283,975

1,740 SF

Mixed-Use Property in Waukegan, IL

Mixed-use property with retail storefront and apartments in Waukegan.

726 10th Street, Waukegan, IL 60085

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Versatile Commercial Property on Route 59

$487,400

2.16 Acres

Versatile Commercial Property on Route 59

Mixed-use property with commercial zoning and residential potential.

37733 N IL Route 59, Lake Villa, IL 60046

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$449,900

0.16 Acres

Mixed-Use Building in Waukegan

Mixed-use building with restaurant and apartments in active commercial area.

818 10th Street, Waukegan, IL 60085

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

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Prime Downtown Libertyville Lot

Rare opportunity to own a lot in downtown Libertyville.

121 West Church Street, Libertyville, IL 60048

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$286,000

0.43 Acres

Mundelein, IL Commercial Land

Commercial land available in Mundelein, Illinois.

331 Plaza Circle lot: 4, Mundelein, IL 60060

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$559,000

1.49 Acres

Waukegan Land Development Opportunity

Prime vacant land for commercial development in Waukegan, Illinois.

1213 Grand Avenue, Waukegan, IL 60085

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$4,250,000

2.01 Acres

Barrington Commercial Land Opportunity

2.01-acre commercial site in downtown Barrington, Illinois.

206 N Cook Street, Barrington, IL 60010

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Off-Market Properties in Libertyville, IL

Consider similar Off-Market properties in Libertyville, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

OFFICE/RESIDENTIAL (MIXED USE)

2,986 SF Lot: 232.49 Acres

Estimated value

$690,000

6837 Il Rte 120, Libertyville, IL 60048-9455

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OFFICE/RESIDENTIAL (MIXED USE)

2,463 SF Lot: 25.22 Acres

Value Estimation by Request

6331 Il Rte 120, Libertyville, IL 60048

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Libertyville, IL Mixed-Use Properties Market Trends and Statistics

Explore 4 mixed-use properties for sale in Libertyville, IL on our real estate platform. These investment opportunities span a total of 16,621 square feet of properties for sale, with an estimated market value of $6,995,000.

Sale prices for multi use buildings in Libertyville, IL start at $6,995,000, averaging $6,995,000, 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.

Neighborhood	Average Price
60048	$4.2M

Neighborhood

Average Price

60048

$4.2M

Libertyville, IL Mixed-use Properties for Sale

1470 N Milwaukee Avenue, Libertyville, IL 60048

545 North Milwaukee Avenue, Libertyville, IL 60048