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    Libertyville, IL
    Retail

    Libertyville, IL Retail Properties & Spaces for Sale

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    Green Oaks, IL Vernon Hills, IL Mundelein, IL Mettawa, IL Lake Forest, IL Lake Bluff, IL Grayslake, IL Gurnee, IL
    Retail Space in New Building
    Updated: Jan 8
    Retail Space in New Building

    121 W Church Street, Libertyville, IL 60048

    $1,500,000
    0.71 AC lot
    First‑floor retail unit in a custom‑built building completed in 2024
    Located at 121 W Church Street in downtown Libertyville
    Across from Cook Park
    Village parking garage immediately next to the property
    Central air
    View details
    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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    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.

    View details
    See hot listings in Libertyville

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Based on your search, we've compiled 27 Potential Opportunities for your consideration. Besides 3 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.

    View details
    Mixed-Use Building with Apartment
    Mixed-Use Building with Apartment

    33125 N US Highway 45, Grayslake, IL 60030

    $495,900
    0.29 AC lot

    Brick commercial property combines multiple main-level storefronts with an upper-level apartment and on-site customer parking.

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    Staples Retail NNN Property
    Staples Retail NNN Property

    1600 N Milwaukee Ave, Vernon Hills, IL 60061

    Contact for pricing
    19,150 sqft

    Fee-simple retail NNN asset with Staples on an NN lease and about 13.6 years of primary term remaining.

    View details
    CIRCLE K NNN Lease
    CIRCLE K NNN Lease

    1805 E Belvidere Rd, Grayslake, IL 60030

    Contact for pricing

    CIRCLE K property with an existing NNN lease.

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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 W Church St Unit 2, Libertyville, IL 60048

    $1,500,000
    4,500 sqft

    Rare opportunity to own a lot in downtown Libertyville.

    View details
    Land Available Near I-94
    Land Available Near I-94

    601 Lakehurst Road, Waukegan, IL 60085

    $6,495,000

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

    View details
    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.

    View details
    Fenced-Yard Flex Space
    Fenced-Yard Flex Space

    35220 N Il Route 83, Round Lake Beach, IL 60073

    $1,590,000
    1.82 AC lot

    Flex space with office, shop, and secured outdoor yard components.

    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
    Estimated value:
    $205,000
    210 sqft
    View details
    124 Winchester Rd
    RESIDENTIAL PARKING GARAGE

    124 Winchester Rd, Libertyville, IL 60048-3909

    Estimated value:
    $165,000
    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
    Estimated value:
    $100,000
    210 sqft
    View details
    142 Winchester Rd
    RESIDENTIAL PARKING GARAGE

    142 Winchester Rd, Libertyville, IL 60048-3911

    Estimated value:
    $225,000
    210 sqft
    View details
    2301 Winchester Rd
    RETAIL STORES (PERSONAL SERVICES)

    2301 Winchester Rd, Libertyville, IL 60048-5344

    Estimated value:
    $1,365,000
    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

    Estimated value:
    $285,000
    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

    Estimated value:
    $480,000
    10,318 sqft 1.08 AC lot
    View details
    1941 Industrial Dr
    RETAIL STORES (PERSONAL SERVICES)

    1941 Industrial Dr, Libertyville, IL 60048-9731

    Estimated value:
    $460,000
    9,945 sqft 0.90 AC lot
    View details
    19238 Peterson Rd
    RETAIL STORES (PERSONAL SERVICES)

    19238 Peterson Rd, Libertyville, IL 60048

    Estimated value:
    $155,000
    720 sqft 1.18 AC lot
    View details
    441 Park Ave
    Office Spaces

    441 Park Ave, Libertyville, IL 60048

    Estimated value: by Request
    6,000 sqft 0.41 AC lot
    View details
    1300-1440 Milwaukee Ave
    Office Spaces

    1300-1440 Milwaukee Ave, Libertyville, IL 60048

    Estimated value: by Request
    151,840 sqft
    View details
    Peterson Rd
    Retail properties & Spaces

    0 Peterson Rd, Libertyville, IL 60048

    Estimated value: by Request
    8,000 sqft
    View details
    1015-1047 Milwaukee Ave
    Neighborhood centers

    1015-1047 Milwaukee Ave, Libertyville, IL 60048

    Estimated value: by Request
    11,604 sqft
    View details
    29380 Waukegan Rd
    Medical Office Space

    29380 Waukegan Rd, Libertyville, IL 60048

    Estimated value: by Request
    15,000 sqft
    View details
    1153 Milwaukee Ave
    Individual retail properties

    1153 Milwaukee Ave, Libertyville, IL 60048

    Estimated value: by Request
    18,994 sqft
    View details

    Libertyville, IL Retail Properties & Spaces Market Trends and Statistics

    Explore 19 retail properties & spaces for sale in Libertyville, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 2,450 square feet of properties for sale, with an estimated market value of $1,925,000.

    Sale prices for stores in Libertyville, IL start at $425,000, averaging $962,500, and reaching up to $1,500,000 — 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

    Storefront properties 7
    Shopping centers 3
    Auto shops 1
    Automotive properties 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 $587.5K

    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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