Libertyville, IL Shopping centers for sale

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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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.

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Libertyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

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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7-Eleven Anchored Retail Center

1512 Shermer Road, Northbrook, IL 60062

Contact for pricing

Fee simple interest in a 7-Eleven anchored retail center with additional service-oriented tenants in Northbrook, Illinois.

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Two-Story Mixed-Use Retail Office Center

840 S Waukegan Rd, Lake Forest, IL 60045

Contact for pricing

53,557 sqft

Forest Square is a two-story mixed-use community center with below-ground heated parking and space for retail and office tenants.

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Service-Oriented Retail Plaza

3375 Milwaukee Ave, Northbrook, IL 60062

Contact for pricing

Fee simple interest in an 8,800 SF retail center with multiple access points from Milwaukee Avenue and Sanders Road.

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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.

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

Six lots on Madison Street, ideal for development.

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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.

Neighborhood centers

1015-1047 Milwaukee Ave, Libertyville, IL 60048

Value Estimation by Request

11,604 sqft

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Libertyville, IL Shopping Centers Market Trends and Statistics

Explore 4 shopping centers for sale in Libertyville, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 17,620 square feet of properties for sale, with an estimated market value of $1,900,000.

Sale prices for plazas in Libertyville, IL start at $1,900,000, averaging $1,900,000, and reaching up to $1,900,000 — 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	$799.5K

Neighborhood

Average Price

60048

$799.5K

Libertyville, IL Shopping Centers for Sale

211 S Milwaukee Ave, Libertyville, IL 60048

197 Peterson Road, Libertyville, IL 60048

1742-1768 North Milwaukee Avenue, Libertyville, IL 60048