Restaurants
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Libertyville, IL Restaurants for Sale

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Green Oaks, IL Vernon Hills, IL Mundelein, IL Lake Bluff, IL Lake Forest, IL Mettawa, IL Waukegan, IL North Chicago, IL
NNN Property with Event Space
Updated: Apr 3
NNN Property with Event Space

412 Milwaukee Ave, Libertyville, IL 60048

Contact for pricing
10,578 sqft
10,578 SF, two‑level building with pub, dining, and event space
Fee‑simple ownership includes the land and building
NNN lease with 5 years remaining and three additional 5‑year options
Enclosed patio dining area facing Milwaukee Avenue
New roof installed 2 years ago with transferable warranty
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Indian Fusion Restaurant with Private Dining
Updated: May 14
Indian Fusion Restaurant with Private Dining

620 N Milwaukee Ave, Libertyville, IL 60048

$299,000
Indian fusion restaurant operating since January 2023 (Singh’s Kitchen).
Approximately 120‑guest capacity with flexible private dining options for groups and events.
Over $750,000 in gross sales reported since opening, with strong, consistent cash flow.
About 80/20 split between American and Indian diners, indicating broad customer appeal.
Food‑to‑liquor revenue split of about 65/35 and a popular weekend buffet with strong attendance.
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Established Coffee Shop Business
Established Coffee Shop Business

114 N Milwaukee Avenue, Libertyville, IL 60048

Contact for pricing

Boba tea concept at a Libertyville commercial address with RTAIL zoning.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Libertyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Multi-Level Restaurant and Bar
Multi-Level Restaurant and Bar

250 Center St, Grayslake, IL 60030

$3,750,000
9,165 sqft

Built-out foodservice and event property with commercial kitchen infrastructure, multiple dining areas, and outdoor patios.

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Built-Out Bar & Pub with Kitchen
Built-Out Bar & Pub with Kitchen

330 Townline Rd, Mundelein, IL 60060

Contact for pricing
5,600 sqft

Freestanding outlot property with dining, bar, and commercial kitchen improvements along Townline.

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Mixed-Use Property with Restaurant
Mixed-Use Property with Restaurant

1116-1122 North Diamond Lake Road, Mundelein, IL 60060

$1,450,000

Includes an operating restaurant, leased convenience store, and two residential units with supporting site improvements.

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Move-In Chinese Restaurant Opportunity
Move-In Chinese Restaurant Opportunity

827 Center St, Grayslake, IL 60030

Contact for pricing
1,100 sqft

Restaurant space includes built-in kitchen equipment, dining for 26 patrons, and a brand-new roof A/C unit.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Mundelein, IL Commercial Land
Mundelein, IL Commercial Land

331 Plaza Circle lot: 4, Mundelein, IL 60060

$286,000
0.43 AC lot

Commercial land available in Mundelein, Illinois.

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Commercial Land Parcel
Commercial Land Parcel

502 Belvidere Road, Waukegan, IL 60085

$49,900
0.17 AC lot

Water is available to the site.

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Commercial Land with Street Frontage
Commercial Land with Street Frontage

1213 Grand Avenue, Waukegan, IL 60085

$559,000

Vacant commercial parcel with B-2 and B-3 zoning at a signalized intersection near retail, transit, and established neighborhoods.

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Commercial Land with Road Frontage
Commercial Land with Road Frontage

20420 N Rand Road, Deer Park, IL 60074

$2,500,000
1.94 AC lot

PUD-zoned commercial land with Rand Road frontage and natural gas availability.

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Off-Market Properties in Libertyville, IL

Consider similar Off-Market properties in Libertyville, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

547 Milwaukee Ave
Restaurants

547 Milwaukee Ave, Libertyville, IL 60048

Value Estimation by Request
5,583 sqft
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Libertyville, IL Restaurants Market Trends and Statistics

Explore 4 restaurants for sale in Libertyville, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 10,578 square feet of properties for sale, with an estimated market value of $299,000.

Sale prices for restaurant properties in Libertyville, IL average $299,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Bars & Pubs 2
Conventional restaurants 2
Coffee shops 1
Drive through restaurants 1

Demographics Overview

Population 29K
Population Growth (5Y) -0.4%
Median Household Income $169,283
College Educated 50.7%

High-Yield Neighborhoods for Investment

Identify Libertyville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
60048 $299K

Taxes & Financing

Tax Rate (average for all types) 7.69%
Property Tax per SF $91.39 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Libertyville fall within the 25,000 to 50,000 square foot range.

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