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    Property profile & analytics

    708 Milwaukee Ave Libertyville, IL 60048-1914

    • Commercial land
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 07, 2021
    $1,100,000
    Location Intelligence
    Property ID
    US28-2742337
    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 land

    Property Details for 708 Milwaukee Ave

    Property type
    Commercial land
    APN
    11-16-404-017
    APU
    1116404017

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Libertyville
    County
    Lake
    State
    Illinois
    Longitude
    -87.954
    Latitude
    42.2894
    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
    $2,438
    $31,713
    $0.00
    $31,713
    -
    $95,149
    $0.00
    $95,149

    Comparable in this City

    • Value Estimation by Request

      148 Cook Ave

      VACANT COMMERCIAL LAND
      148 Cook Ave, Libertyville, IL 60048-2001
      View Details
    • Value Estimation by Request

      Cook Ave

      VACANT COMMERCIAL LAND
      Cook Ave, Libertyville, IL 60048
      View Details
    • Value Estimation by Request
      0.69 Acres

      201 Cook Ave

      VACANT COMMERCIAL LAND • 0.69 Acres
      201 Cook Ave, Libertyville, IL 60048-2054
      View Details
    • Value Estimation by Request

      223 Golf Rd

      VACANT COMMERCIAL LAND
      223 Golf Rd, Libertyville, IL 60048-3233
      View Details
    • Value Estimation by Request
      8.71 Acres

      32155 Il Rte 21

      VACANT COMMERCIAL LAND • 8.71 Acres
      32155 Il Rte 21, Libertyville, IL 60048
      View Details
    • Value Estimation by Request
      0.07 Acres

      Milwaukee Ave

      VACANT COMMERCIAL LAND • 0.07 Acres
      Milwaukee Ave, Libertyville, IL 60048
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    Similar Nearby for Lease

    • $16 SF/Yr
      22,800 SF

      Libertyville Office Complex

      Medical & Creative Office Suites Available
      1232 American Way, Libertyville, IL 60048
      View Details
    • Contact for pricing
      6,400 SF

      Grocery-Anchored Retail Space Available

      Retail space in Libertyville, anchored by Jewel Osco.
      1300-1400 S Milwaukee Ave, Libertyville, IL 60048
      View Details
    • $12 SF/Yr

      Professional Office Space Available

      Office building in high-traffic area with lease incentives.
      1113 S Milwaukee Ave, Libertyville, IL 60048
      View Details
    • $45 SF/Yr

      Former Restaurant with Drive-Thru

      Restaurant space with full kitchen, drive-thru, and ample parking.
      1124 N Milwaukee Ave, Libertyville, IL 60048
      View Details
    • $16 SF/Yr

      Libertyville Office Spaces For Rent

      Well-maintained office complex in Libertyville, featuring various suite sizes.
      1232 American Way, Libertyville, IL 60048
      View Details
    • $12 SF/Yr

      Professional Office Space Available

      High-visibility office spaces with lease incentives.
      1113 S Milwaukee Ave, Libertyville, IL 60048
      View Details
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    708 Milwaukee Ave
    Libertyville, IL 60048-1914
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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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