Lake County, IL Shopping Centers for Sale

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Updated: Jun 13, 2025

Multi-Tenant Retail Building in Libertyville

211 S Milwaukee Ave, Libertyville, IL 60048

$1,900,000

17,620 sqft 1.09 AC lot

Redevelopment opportunity on a 1.09 acre parcel strategically located south of downtown Libertyville.
Large 17,620 square foot building, suitable for various retail or redevelopment purposes.
Two established tenants: a 40+ year auto repair business and former Advance Auto Parts space.
High‑traffic location near Jewel, Trader Joes, Culvers, JiffyLube, and car dealerships.
Includes a 3,770 square foot vacant two‑story warehouse space.

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This listing looks promising.

Here's a quick look at some key insights for

211 S Milwaukee Ave, Libertyville, IL, 60048-2874

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Est. Cap Rate

4.9%
NOI ÷ price
Est. NOI

$92K
Annual
Mortgage

$840K
Sep 2022
Last Sold

Sep 2022
$1.29M

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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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Two-Story Mixed-Use Retail Office

225 E Deerpath Road, Lake Forest, IL 60045

Contact for pricing

47,863 sqft

Two-story mixed-use building with retail and office space at a downtown street-corner location.

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Mundelein Retail Investment Opportunity

1501-1575 S Lake St, Mundelein, IL

$14,974,000

89,357 sqft 24.60 AC lot

Retail property in thriving economy with national tenants.

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Retail Spaces on Grand Avenue

2603-2709 Grand Ave, Waukegan, IL 60085

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66,345 sqft

Retail and office spaces available in Waukegan shopping center.

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Retail Center Restaurant and Stores

1742-1768 North Milwaukee Avenue, Libertyville, IL 60048

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

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Gurnee Town Center Retail Space

7105 Grand Avenue, Gurnee, IL 60031

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Dominant power center in Gurnee's regional trade area.

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Retail

850 Tower Dr, Lake Villa, IL 60046

$4,200,000

1 sqft

Shopping centers

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 8 Active listings in Lake County, IL, we suggest exploring several alternatives: similar 64 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

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.

Corner Commercial Land Parcel

12640 W WADSWORTH Road, Beach Park, IL 60087

$750,000

1.36 AC lot

Fully developed corner parcel with utilities on site and recently improved intersection access in a commercial district.

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Rand Road Development Opportunity

20420 N Rand Road, Deer Park, IL 60074

$2,500,000

1.94 AC lot

1.91 AC land with Rand Road frontage near retail.

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Elgin Land Development Opportunity

40 Acres Randall Road, Elgin, IL 60123

$10,000,000

40.40 AC lot

40.4 acres on Randall Road, ideal for mixed-use development.

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Madison Street Land Opportunity

4440-4456 W Madison Street, Chicago, IL 60624

$450,000

0.91 AC lot

Value Estimation by Request

2,116 sqft 0.11 AC lot

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WHOLESALE OUTLET, DISCOUNT STORE

228 Cedar Lk Rd, Round Lake, IL 60073

Value Estimation by Request

1,950 sqft 0.08 AC lot

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WHOLESALE OUTLET, DISCOUNT STORE

230 Cedar Lk Rd, Round Lake, IL 60073-3204

Value Estimation by Request

1,950 sqft 0.08 AC lot

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WHOLESALE OUTLET, DISCOUNT STORE

$6,365,000

Estimated value

88,332 sqft 5.32 AC lot

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Lake County, IL Shopping Centers Market Trends and Statistics

Explore 72 shopping centers for sale in Lake County, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 106,978 square feet of properties for sale, with an estimated market value of $21,074,000.

Sale prices for plazas in Lake County, IL start at $1,900,000, averaging $7,024,666, and reaching up to $14,974,000 — 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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