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    1742 Milwaukee Ave Libertyville, IL 60048

    • Commercial real estate
    • 2.08 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    $3,590,000
    Last Sale
    Oct 13, 2020
    $2,900,000
    Location Intelligence
    Property ID
    US28-3919590
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1742 Milwaukee Ave

    Lot size
    2.08 lot acres
    Property type
    Commercial real estate
    APN
    11-09-309-015
    APU
    1109309015

    Description

    Adler Square Retail Center, a Class A property located at 1742 N Milwaukee Ave, Libertyville, IL 60048, offers exceptional retail opportunities. Built in 2003, this single-building center boasts a total of 22,000 square feet situated on a 1.93-acre lot. The property is zoned B2 and is conveniently located at the intersection of Milwaukee and Buckley Avenues in Lake County. Multiple tenancy options are available, with spaces ranging from a minimum of 1,083 square feet to a maximum contiguous space of 6,844 square feet. Currently, 13,827 square feet of space is vacant. This includes a 5,900 square foot second-generation restaurant space, ideal for a variety of culinary concepts. Additionally, up to 4,126 square feet of adaptable "vanilla box" storefront space is available, offering flexibility for various floor plans and tenant needs. This prime retail location provides excellent visibility and accessibility, making it an attractive investment opportunity for businesses seeking a presence in the thriving Libertyville market. The property's upscale design and convenient location make it an ideal choice for a variety of retail uses.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,800,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,815,000
      6.5%
      $2,955,000
      7%
      $2,820,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,185,000
      Geo Method
      $2,775,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,100,000
      Retail
      $3,305,000
      Mixed-Use
      $2,960,000
      Hospitality
      $2,755,000
      Educational
      $2,620,000
      Residential Income
      $2,530,000
      Energy
      $3,370,000
      Income-Based Land
      $3,155,000
      Food Service
      $3,090,000

    Location Insight

    • Map
    • Local Demand
    City
    Libertyville
    County
    Lake
    State
    Illinois
    Longitude
    -87.9581
    Latitude
    42.3047
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $79,004
    $697,231
    $330,511
    $1,027,742
    -
    $2,091,902
    $991,632
    $3,083,534

    Comparable in this City

    • Value Estimation by Request

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      26969 Il Rte 21

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      501 Milwaukee Ave

      COMMERCIAL (GENERAL)
      501 Milwaukee Ave, Libertyville, IL 60048-2018
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    Libertyville, IL 60048
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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