547 Milwaukee Ave, Libertyville, IL 60048
This exceptional 5,583 square foot retail or restaurant space is ideally situated at 547 N Milwaukee Ave in Libertyville, Illinois, zip code 60048. Built in 1920 and extensively renovated in 2009, this single-tenant property offers a blend of historic charm and modern functionality. The building boasts a spacious 5,538 square feet of vacant space, ready for immediate occupancy. Located in Lake County, this property benefits from high visibility and accessibility, making it an excellent opportunity for a variety of businesses. The asking rent is $17,438 per month gross, or $34 per square foot plus pass-throughs of under $4 total. This prime location in Libertyville offers significant potential for growth and success. The property's history and recent renovations combine to create a unique and attractive space for a discerning tenant. Its single-tenant occupancy simplifies management and provides a clear opportunity for a business to establish a strong presence in a thriving community. The combination of a desirable location, ample space, and competitive lease terms makes this property a truly exceptional investment opportunity. The property's address is easily accessible and benefits from high traffic volume. This is a rare chance to secure a well-maintained, historically significant commercial space in a vibrant and growing area.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.