Libertyville, IL Restaurants for Rent & Lease

Updated: Jul 17

Restaurant Space with Patio

1762 N Milwaukee Avenue, Libertyville, IL 60048

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Restaurant and bar space with furniture, fixtures, and equipment available for tenant use
New outdoor patio included with the premises
Potential to extend into 2 adjacent spaces
Central air conditioning
2003 construction

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Updated: Nov 5, 2025

Former Restaurant with Drive-Thru

1124 N Milwaukee Avenue, Libertyville, IL 60048

$45 SF/Yr

0.46 AC lot

High‑traffic location surrounded by new QSR and retail/office developments.
Existing restaurant infrastructure including a full kitchen with hood.
Drive‑thru window for convenient customer service.
Ample parking and seating available.
Large 20,000 sq ft lot with access from both North and South Milwaukee Road.

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Freestanding Retail Building with Drive-Thru

1124 N Milwaukee Ave, Libertyville, IL 60048

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1,725 sqft

Freestanding brick retail building with a drive-thru, full kitchen, and ample parking on Milwaukee Avenue.

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 3 Active listings in Libertyville, IL, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 2 Properties for Sales.

Restaurants for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Restaurant and Microbrewery Space

899 N Milwaukee Ave, Vernon Hills, IL 60061

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3,927 sqft

Second-generation restaurant and microbrewery for sublease with patio dining and seating for 198 guests total.

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Freestanding Building with Drive-Thru

411 N Seymour Ave, Mundelein, IL

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3,952 sqft 0.31 AC lot

3,952 SF freestanding building with drive-thru and 62 parking spaces.

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Retail Space Near High School

1122-1162 W Maple Ave, Mundelein, IL

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1,637 sqft 15.43 AC lot

Renovated retail center with restaurant space available near highschool.

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Vernon Hills Retail Outlot Opportunity

600 Townline Rd, Vernon Hills, IL

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8,900 sqft 64.85 AC lot

Outlot opportunity in Vernon Hills for restaurant and retail concepts.

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Similar Spaces for Sale in Libertyville, IL

Consider Similar Space for Sale. We found 2 Spaces matching your search parameters.

Two-Story Mixed-Use Building

545-47 N Milwaukee Avenue, Libertyville, IL 60048

$6,995,000

6,000 sqft

Downtown property combines office space with two restaurant suites under long-term leases.

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Indian Fusion Restaurant with Private Dining

620 N Milwaukee Ave, Libertyville, IL 60048

$299,000

Indian fusion restaurant operating since January 2023 with capacity for about 120 guests and flexible private dining options.

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Libertyville, IL Restaurants Market Trends and Statistics

Explore Restaurants leasing options in Libertyville, IL with 3 listings featured on our commercial real estate exchange. The current inventory includes 1,725 square feet of properties with an estimated lease value of $45.

Estimated lease rates for Restaurants in Libertyville, IL average $45 SF/Yr.

Libertyville, IL Restaurants for Lease

1762 N Milwaukee Avenue, Libertyville, IL 60048

1124 N Milwaukee Avenue, Libertyville, IL 60048

1124 N Milwaukee Ave, Libertyville, IL 60048