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Libertyville, IL Retail Space for Sale

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Vernon Hills, IL Mundelein, IL Lake Forest, IL

Versatile Commercial Property in Libertyville

$1,599,000

0.69 Acres

Versatile Commercial Property in Libertyville

197 Peterson Road, Libertyville, IL 60048

Thriving commercial property with high visibility and flexible layouts.

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.

Updated: Nov 17, 2025

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$1,500,000

0.71 Acres

Retail Space in Downtown Libertyville

121 W Church Street, Libertyville, IL 60048

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

2,000+ sq ft first floor unit in downtown Libertyville
New custom built building (2024)
Opportunity to custom design the space
Located across from Cook Park
Village parking garage immediately next to the property

Updated: Jan 8

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$375,000

0.10 Acres

Prime Libertyville Commercial Property

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

134 S Milwaukee Avenue, Libertyville, IL 60048

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Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 3 Active listings in Libertyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 1 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.

Contact for pricing

66,345 SF

Retail Spaces on Grand Avenue

Retail and office spaces available in Waukegan shopping center.

2603-2709 Grand Ave, Waukegan, IL 60085

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$99,000

1,800 SF

Wheeling Retail Investment Opportunity

Prime 1,800 SF retail space in high-visibility Wheeling location.

1083 Lake Cook Road, Wheeling, IL 60090

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$99,000

1,800 SF

Prime Retail Space For Sale

1,800 SF retail space with high visibility, near Starbucks.

1041-1081 E Lake Cook Rd, Wheeling, IL

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$250,000

Leased Office and Event Space

Fully leased office suites and event space with parking lot.

814 Washington Street, Waukegan, IL 60085

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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.

$1,599,000

900 SF

Prime PUD-Zoned Land Opportunity

2.07 acres of PUD-zoned land in a growing corridor.

3229 State Road 207, Elkton, FL 32033

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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.

2301 Winchester Rd

RETAIL STORES (PERSONAL SERVICES) • 1,803 SF

Value Estimation

$1,295,000

2301 Winchester Rd, Libertyville, IL 60048-5344

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31160 Us Hwy 45

RETAIL STORES (PERSONAL SERVICES) • 3,270 SF

Value Estimation by Request

31160 Us Hwy 45, Libertyville, IL 60048-9747

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19170 Il Rte 137

RETAIL STORES (PERSONAL SERVICES) • 10,318 SF

Value Estimation by Request

19170 Il Rte 137, Libertyville, IL 60048-9790

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1941 Industrial Dr

RETAIL STORES (PERSONAL SERVICES) • 9,945 SF

Value Estimation

$885,000

1941 Industrial Dr, Libertyville, IL 60048-9731

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19238 Peterson Rd

RETAIL STORES (PERSONAL SERVICES) • 720 SF

Value Estimation by Request

19238 Peterson Rd, Libertyville, IL 60048

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1153 Milwaukee Ave

Individual retail properties • 18,994 SF

Value Estimation by Request

1153 Milwaukee Ave, Libertyville, IL 60048

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Libertyville, IL Retail Space Investment Opportunities Market Analysis

Explore 9 retail space for sale in Libertyville, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $3,474,000.

Sale prices for retail space in Libertyville, IL start at $375,000, averaging $1,158,000, and reaching up to $1,599,000 — 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

Property Size Breakdown

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

Demographics Overview

Population 29K

Population Growth (5Y) -0.4%

Median Household Income $169,283

College Educated 50.7%

High-Yield Neighborhoods for Strategic Investment

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

Neighborhood	Average Price
60048	$1.2M

Taxes & Financing

Tax Rate (average for all types) 7.69%

Property Tax per SF $91.39 per sq ft

Average Loan-to-Value 65.0%

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Libertyville, IL Retail Space for Sale