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    Libertyville, IL
    Retail

    Libertyville, IL Retail Space for Sale

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    Vernon Hills, IL Mundelein, IL Lake Forest, IL
    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
    Updated: Jan 8
    Retail Space in Downtown Libertyville

    121 W Church Street, Libertyville, IL 60048

    $1,500,000
    0.71 AC lot
    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
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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
    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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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 4 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.

    Grayslake Commercial Suites For Sale
    Grayslake Commercial Suites For Sale

    33125 N US 45 Highway, Grayslake, IL 60030

    $495,900
    743 sqft · 0.30 AC lot

    Five office/retail suites with apartment in Grayslake, Illinois.

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    Mixed-Use Building with Apartment
    Mixed-Use Building with Apartment

    33125 N US Highway 45, Grayslake, IL 60030

    $495,900
    0.29 AC lot

    Located on US Highway 45 with five storefront/office spaces and an upstairs apartment plus parking for about 10–12 vehicles.

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    Mixed-Use Retail and Office Center
    Mixed-Use Retail and Office Center

    3545-3575 Grand Ave, Gurnee, IL 60031

    Contact for pricing
    105,000 sqft · 6.80 AC lot

    Mixed-use development with retail storefront visibility and second-floor office space on a signalized corner with abundant parking.

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    Retail Space on Skokie Highway
    Retail Space on Skokie Highway

    1207 North Skokie Highway, Gurnee, IL 60031

    Contact for pricing
    10,000 sqft

    10,000 SF retail space available on Skokie Highway.

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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 PUD-Zoned Land Opportunity
    Prime PUD-Zoned Land Opportunity

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    900 sqft · 2.07 AC lot

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

    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.

    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
    1153 Milwaukee Ave
    Individual retail properties

    1153 Milwaukee Ave, Libertyville, IL 60048

    Value Estimation by Request
    18,994 sqft
    View details

    Libertyville, IL Retail Space Market Trends and Statistics

    Explore 10 retail space for sale in Libertyville, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 16,621 square feet of properties for sale, with an estimated market value of $6,995,000.

    Sale prices for retail space in Libertyville, IL start at $6,995,000, averaging $6,995,000, 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 $2.6M

    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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