Property profile

1015-1047 Milwaukee Ave Libertyville, IL 60048

OFF-MARKET
Neighborhood centers
11,604 SF Built 1989
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Property summary

AI-generated overview

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 profile

Verified
Property type Neighborhood centers
Year built 1989
Total area 11,604 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1015-1047 Milwaukee Ave Libertyville, IL 60048
Libertyville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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