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    OFF-MARKET
    Retail properties & Spaces

    547 Milwaukee Ave, Libertyville, IL 60048

    5,583 SF Built 1920
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1920
    Total area 5,583 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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