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1015-1047 Milwaukee Ave Libertyville, IL 60048

  • Neighborhood centers
  • 11,604 SF
Value Estimation
Location Intelligence

Current Use by Public Records

  • Neighborhood centers

Property Details for 1015-1047 Milwaukee Ave

Year built
1989
Property size
11,604 SF
Property type
Neighborhood centers
Property subtype
Retail properties

Description

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.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Libertyville
County
Lake
State
Illinois
Longitude
-87.956
Latitude
42.2939
More about this property
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