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    Libertyville, IL Retail Properties & Spaces for Sale

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    Vernon Hills, IL Mundelein, IL Lake Forest, IL
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    287 Peterson Rd. Libertyville, IL 60048 - Peterson Commons
    Updated: Sep 2, 2025
    287 Peterson Rd. Libertyville, IL 60048 - Peterson Commons

    287 Peterson Rd, Libertyville, IL 60048

    $425,000
    2,450 sqft
    High‑Traffic, Established Commercial Center
    Recently Renovated, Corner Lot, Ample Parking, diverse mix of established businesses, creating consistent daily activity and a steady flow of customer traffic, Prime location with an average of ~ 32,000 VPD.
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    This listing looks promising.

    Here's a quick look at some key insights for

    287 Peterson Rd, Libertyville, IL 60048

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    • Est. Cap Rate

      8%
      Above avg (5.9%)

    • Est. NOI

      $34K
      Annual

    • Mortgage

      $270K
      May 2024

    • Last Sold

      Aug 2025
      $188K
    View Property Analytics
    Multi-Unit Retail & Drive-In Site
    Updated: Nov 17, 2025
    Multi-Unit Retail & Drive-In Site

    197 Peterson Road, Libertyville, IL 60048

    $1,599,000
    0.69 AC lot
    High‑visibility location in a thriving business corridor with high traffic counts.
    11 drive‑in bays suitable for automotive services, logistics, or warehousing.
    38 dedicated parking spots for customers, staff, and deliveries.
    Five individual units suitable for retail, service, or office use.
    Close proximity to the expressway for easy regional access and commuter traffic.
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    Retail Space in Downtown Libertyville
    Retail Space in Downtown Libertyville

    121 W Church Street, Libertyville, IL 60048

    $1,500,000
    0.71 AC lot

    2,000+ sq ft retail space in new building.

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    Prime Libertyville Commercial Property
    Prime Libertyville Commercial Property

    134 S Milwaukee Avenue, Libertyville, IL 60048

    $375,000
    0.10 AC lot

    High-visibility commercial property ideal for office or retail use.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Prime Libertyville Land Parcel
    Prime Libertyville Land Parcel

    1470 N Milwaukee Avenue, Libertyville, IL 60048

    $1,500,000
    1.50 AC lot

    1.5-acre parcel on Milwaukee Avenue, ideal for development.

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    Retail Center Restaurant and Stores
    Retail Center Restaurant and Stores

    1742-1768 North Milwaukee Avenue, Libertyville, IL 60048

    Contact for pricing

    2003-built retail center offers contiguous storefront space and a second-generation restaurant suite with FF&E available.

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    Mixed-Use Trophy Asset in Libertyville
    Mixed-Use Trophy Asset in Libertyville

    545 North Milwaukee Avenue, Libertyville, IL 60048

    $6,995,000
    16,621 sqft

    Premier mixed-use property in Libertyville's vibrant Downtown Core.

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    Prime Libertyville Redevelopment Opportunity
    Prime Libertyville Redevelopment Opportunity

    426 S Milwaukee Avenue, Libertyville, IL 60048

    $1,995,000
    35,542 sqft

    High-visibility commercial land in Libertyville with redevelopment potential.

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    Based on your search, we've compiled 32 Potential Opportunities for your consideration. Besides 8 Active listings in Libertyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 16 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.

    Vernon Hills Retail Opportunity
    Vernon Hills Retail Opportunity

    1720 N Milwaukee Ave, Vernon Hills, IL 60061

    Contact for pricing
    71,248 sqft

    High-volume retail location with long-term lease and investment-grade guarantee.

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    Mariano's Fresh Market Investment Opportunity
    Mariano's Fresh Market Investment Opportunity

    1720 N Milwaukee Ave, Vernon Hills, IL 60061

    Contact for pricing
    71,248 sqft

    Single-tenant NNN leased grocery asset with long-term lease.

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    Storefront on Lake Street, Mundelein
    Storefront on Lake Street, Mundelein

    541 North Lake Street, Unit 541, Mundelein, IL 60060

    Contact for pricing
    7,500 sqft

    Storefront for sale in downtown Mundelein near restaurants.

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    Bank Ground Lease Opportunity
    Bank Ground Lease Opportunity

    3196 W Il Rte 60, Mundelein, IL

    Contact for pricing
    4,976 sqft · 53.75 AC lot

    Long-term ground lease with rent escalations in Mundelein, Illinois.

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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.

    Prime Downtown Libertyville Lot
    Prime Downtown Libertyville Lot

    121 West Church Street, Libertyville, IL 60048

    Contact for pricing

    Rare opportunity to own a lot in downtown Libertyville.

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    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 in High-Traffic Area
    Commercial Land in High-Traffic Area

    1290 S Butterfield Road, Mundelein, IL 60060

    $399,000

    C2-zoned vacant lot near I-94 and Route 60.

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    Land Available Near I-94
    Land Available Near I-94

    601 Lakehurst Road, Waukegan, IL 60085

    $999,500

    Land for sale near I-94 and Belvidere Rd Exit.

    View details

    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.

    120 Winchester Rd, Unit 44-8-G
    RESIDENTIAL PARKING GARAGE

    120 Winchester Rd, Libertyville, IL 60048-3907

    Unit 44-8-G
    Value Estimation by Request
    210 sqft
    View details
    124 Winchester Rd
    RESIDENTIAL PARKING GARAGE

    124 Winchester Rd, Libertyville, IL 60048-3909

    Value Estimation by Request
    210 sqft
    View details
    102 Winchester Rd, Unit 31-6-G
    RESIDENTIAL PARKING GARAGE

    102 Winchester Rd, Libertyville, IL 60048-3905

    Unit 31-6-G
    Value Estimation by Request
    210 sqft
    View details
    142 Winchester Rd
    RESIDENTIAL PARKING GARAGE

    142 Winchester Rd, Libertyville, IL 60048-3911

    Value Estimation by Request
    210 sqft
    View details
    2301 Winchester Rd
    RETAIL STORES (PERSONAL SERVICES)

    2301 Winchester Rd, Libertyville, IL 60048-5344

    $1,295,000
    Estimated value
    1,803 sqft · 1.98 AC lot
    View details
    31160 Us Hwy 45
    RETAIL STORES (PERSONAL SERVICES)

    31160 Us Hwy 45, Libertyville, IL 60048-9747

    Value Estimation by Request
    3,270 sqft · 0.67 AC lot
    View details
    19170 Il Rte 137
    RETAIL STORES (PERSONAL SERVICES)

    19170 Il Rte 137, Libertyville, IL 60048-9790

    Value Estimation by Request
    10,318 sqft · 1.08 AC lot
    View details
    1941 Industrial Dr
    RETAIL STORES (PERSONAL SERVICES)

    1941 Industrial Dr, Libertyville, IL 60048-9731

    $885,000
    Estimated value
    9,945 sqft · 0.90 AC lot
    View details
    19238 Peterson Rd
    RETAIL STORES (PERSONAL SERVICES)

    19238 Peterson Rd, Libertyville, IL 60048

    Value Estimation by Request
    720 sqft · 1.18 AC lot
    View details
    547 Milwaukee Ave
    Restaurants

    547 Milwaukee Ave, Libertyville, IL 60048

    Value Estimation by Request
    5,583 sqft
    View details
    441 Park Ave
    Office Spaces

    441 Park Ave, Libertyville, IL 60048

    Value Estimation by Request
    6,000 sqft · 0.41 AC lot
    View details
    1300-1440 Milwaukee Ave
    Office Spaces

    1300-1440 Milwaukee Ave, Libertyville, IL 60048

    Value Estimation by Request
    151,840 sqft
    View details
    Peterson Rd
    Retail properties & Spaces

    0 Peterson Rd, Libertyville, IL 60048

    Value Estimation by Request
    8,000 sqft
    View details
    1015-1047 Milwaukee Ave
    Neighborhood centers

    1015-1047 Milwaukee Ave, Libertyville, IL 60048

    Value Estimation by Request
    11,604 sqft
    View details
    29380 Waukegan Rd
    Medical Office Space

    29380 Waukegan Rd, Libertyville, IL 60048

    Value Estimation by Request
    15,000 sqft
    View details
    1153 Milwaukee Ave
    Individual retail properties

    1153 Milwaukee Ave, Libertyville, IL 60048

    Value Estimation by Request
    18,994 sqft
    View details

    Libertyville, IL Retail Properties & Spaces Market Trends and Statistics

    Explore 24 retail properties & spaces for sale in Libertyville, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 54,613 square feet of properties for sale, with an estimated market value of $9,415,000.

    Sale prices for stores in Libertyville, IL start at $425,000, averaging $3,138,333, and reaching up to $6,995,000 — 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

    Shopping centers 9
    Storefront properties 4
    Automotive properties 3
    Auto shops 2
    Grocery and convenience stores 2

    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 $1.8M

    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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