Property profile

277 Peterson Rd 15 Libertyville, IL 60048

OFF-MARKET
Commercial real estate
Property ID
US28-2273525
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional restaurant opportunity in Libertyville, Illinois, presents a 3,200 square foot space available for $359,000. Located at 277-279 Petersen Road, in the heart of Lake County (zip code 60048), this retail property boasts a highly desirable location. The asking price translates to $112.19 per square foot, reflecting a strong value proposition for prospective buyers. The property's key feature is a high-quality freezer, ideally suited for food service operations. This turnkey space is ready for immediate occupancy and presents a fantastic chance to establish or expand a thriving culinary business. The address is conveniently situated at 277-279 Petersen Road, Libertyville, IL, offering excellent visibility and accessibility. With its generous square footage and prime location, this restaurant space is poised for success. Serious inquiries are encouraged to explore this exceptional investment opportunity further. The property is categorized as retail, specifically a restaurant, and is ready for a new owner to take advantage of its existing infrastructure and prime location. The property's latitude and longitude coordinates are 42.3054051 and -87.9676871 respectively.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 11-08-403-116
UPID US28-2273525

Cap rate & NOI

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

Location

277 Peterson Rd, Unit 15 Libertyville, IL 60048-1005
Libertyville metro Census 863603 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2024
Last sale
$300,000
4 recorded transactions
2024
$300,000
2019
Price N/A
2016
Price N/A
2008
Price N/A

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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