0 Peterson Rd, Libertyville, IL 60048
Highly visible Libertyville, IL retail space (1,000 sq ft) in the Libertyville Plaza, located at 116-134 W Peterson Road, near Route 137 and Milwaukee Avenue. This single-story, Class B building, constructed in 1985, offers a total of 8,000 sq ft across eight suites. The available space (#130) features a brand new ceiling, new LED lighting, and fresh paint, and is immediately available for occupancy. The property boasts 30 parking spaces and is situated in a high-traffic area with an average daily traffic count of 30,000 vehicles and an average household income exceeding $164,002 within a one-mile radius. The building is zoned for general commercial use and is part of an eight-unit strip mall with an additional building, enjoying a strong tenancy history with long-term tenants. A modified gross lease is offered, with no additional CAM or tax charges. Expansion options exist, with the potential to lease an adjacent 2,000 sq ft space (#124) for a total of 3,000 contiguous sq ft. The property is located in Lake County, Illinois, zip code 60048. The minimum divisible space is 1,000 sq ft, with a maximum contiguous space of 1,000 sq ft (expandable to 2,000 sq ft). The building has 220-volt power.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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