Libertyville, IL Retail space for sale

Updated: Nov 17, 2025

Strip Mall With Drive-In Bays

197 Peterson Road, Libertyville, IL 60048

$1,599,000

0.69 AC lot

Five individual commercial units
11 drive‑in bays
38 dedicated parking spots
0.6864‑acre parcel at 197 Peterson Road, Libertyville, IL 60048
Brick building constructed in 1999

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Updated: Jan 8

First-Floor Retail Space

121 W Church Street, Libertyville, IL 60048

$1,500,000

0.71 AC lot

2,000+ square foot first‑floor retail unit
Located in a 2024‑built custom building
Across from Cook Park
Village parking garage immediately next to the property
0.71‑acre associated parcel

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One-Story Retail Shopping Center Suites

1125-1199 S. Milwaukee Avenue, Libertyville, IL 60048

Contact for pricing

101,210 sqft 9.71 AC lot

One-story brick shopping center with 15 suites and 316-stall paved customer parking, currently 93% leased.

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Leased Retail/Office Condo with Windows

289 Peterson Rd, Libertyville, IL 60048

Contact for pricing

3,500 sqft

Commercial condo unit with a reception area, washroom, kitchenette, and large windows on Peterson Road.

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Based on your search, we've compiled 14 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

Opportunities in Nearby Cities

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

Retail Space in Vernon Hills

850 N Milwaukee Avenue |, Vernon Hills, IL 60061

Contact for pricing

13,885 sqft

Multi-tenant outlot building with high visibility and redevelopment potential.

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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.

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Retail Outparcel Center

6300 Grand Ave, Gurnee, IL 60031

Contact for pricing

Fully occupied retail outparcel to Gurnee Mills, positioned on Grand Avenue near Interstate 94 access.

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Net Leased Retail Store

4806 Grand Ave, Gurnee, IL 60031

Contact for pricing

Fully occupied by Ace Hardware with 9 years remaining and lease term extending to 2030.

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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.

RETAIL STORES (PERSONAL SERVICES)

2301 Winchester Rd, Libertyville, IL 60048-5344

$1,365,000

Estimated value

1,803 sqft 1.98 AC lot

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RETAIL STORES (PERSONAL SERVICES)

31160 Us Hwy 45, Libertyville, IL 60048-9747

$285,000

Estimated value

3,270 sqft 0.67 AC lot

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RETAIL STORES (PERSONAL SERVICES)

19170 Il Rte 137, Libertyville, IL 60048-9790

$480,000

Estimated value

10,318 sqft 1.08 AC lot

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RETAIL STORES (PERSONAL SERVICES)

1941 Industrial Dr, Libertyville, IL 60048-9731

$460,000

Estimated value

9,945 sqft 0.90 AC lot

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RETAIL STORES (PERSONAL SERVICES)

19238 Peterson Rd, Libertyville, IL 60048

$155,000

Estimated value

720 sqft 1.18 AC lot

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Individual retail properties

1153 Milwaukee Ave, Libertyville, IL 60048

Value Estimation by Request

18,994 sqft

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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 104,710 square feet of properties for sale, with an estimated market value of $3,099,000.

Sale prices for retail space in Libertyville, IL start at $1,500,000, averaging $1,549,500, 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.

Neighborhood	Average Price
60048	$1.2M

Neighborhood

Average Price

60048

$1.2M