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    Libertyville, IL Shopping Centers 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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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 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.

    Occupied Strip Building For Sale
    $2,962,000
    14,180 SF
    Occupied Strip Building For Sale

    100% occupied strip building with long-term leases and rental increases.

    3035 Belvidere Rd, Waukegan, IL

    View details
    Retail Spaces on Grand Avenue
    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

    View details
    Retail Center in Johnsburg, Illinois
    Contact for pricing
    103,525 SF
    Retail Center in Johnsburg, Illinois

    Retail property in McHenry market with high visibility.

    2940 Commerce Dr, Johnsburg, IL 60051

    View details
    Retail Center in Growing Suburbs
    Contact for pricing
    Retail Center in Growing Suburbs

    Retail property in a growing Chicago MSA suburb community.

    2940 Commerce Dr |, Johnsburg, IL 60051

    View details

    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 Commercial Land Opportunity
    $563,469
    1.69 Acres
    Prime Commercial Land Opportunity

    1.69-acre commercial land in high-traffic area, ideal for development.

    Rollins Road, Round Lake, IL 60073

    View details
    Corner Lot in Beach Park
    $750,000
    1.36 Acres
    Corner Lot in Beach Park

    1.36 acre corner lot with high traffic visibility.

    12640 W WADSWORTH Road, Beach Park, IL 60087

    View details
    Rand Road Development Opportunity
    $2,500,000
    1.94 Acres
    Rand Road Development Opportunity

    1.91 AC land with Rand Road frontage near retail.

    20420 N Rand Road, Deer Park, IL 60074

    View details
    Elgin Land Development Opportunity
    $10,000,000
    40.40 Acres
    Elgin Land Development Opportunity

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

    40 Acres Randall Road, Elgin, IL 60123

    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.

    1015-1047 Milwaukee Ave
    Neighborhood centers
    11,604 SF
    Value Estimation by Request

    1015-1047 Milwaukee Ave, Libertyville, IL 60048

    View details

    Libertyville, IL Shopping Centers Investment Opportunities Market Analysis

    Explore 2 shopping centers for sale in Libertyville, IL 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 $1,599,000.

    Sale prices for plazas in Libertyville, IL start at $1,599,000, averaging $1,599,000, 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

    Shopping centers 8
    Automotive properties 3
    Auto shops 2
    Grocery and convenience stores 2
    Storefront properties 2

    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 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 $1.6M

    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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