Libertyville, IL Strip malls 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: Apr 11

Eight-Unit Strip Mall with New Parking

116 - 134 Peterson Rd, Libertyville, IL 60048

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Eight‑unit strip mall plus an additional building with a hair salon
New front parking lot
Located at the intersection of Rt. 21 and Peterson Road
Reported traffic of 30,000 cars per day
Occupancy reported as strong over the last 14 years

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 2 Active listings in Libertyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 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.

Starbucks-Anchored Retail Center

1085 E Lake Cook Rd, Wheeling, IL 60090

$5,615,000

27,232 sqft

Neighborhood retail center with a drive-through anchor and illuminated tenant signage.

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Retail Strip Mall with Ample Parking

114-120 S. Northwest Hwy, Barrington, IL 60010

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5,780 sqft

Versatile retail storefront property with ample parking and easy access for customers in a mixed residential and commercial area.

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Multi-Tenant Strip Mall

729-751 W Dundee Rd, Wheeling, IL 60090

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9,088 sqft

Retail center with established occupants, dual access points, and parking for more than 40 vehicles.

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Four-Tenant Shopping Center

141 S Northwest Hwy, Barrington, IL 60010

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Retail center with a long-term paint and décor tenant, direct highway access, and room for additional development.

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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.

Commercial Corner Lot

12640 W WADSWORTH Road, Beach Park, IL 60087

$750,000

1.36 AC lot

Fully developed commercial parcel positioned at a high-traffic intersection in Beach Park.

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Commercial Land at Signalized Intersection

40 Acres Randall Road, Elgin, IL 60123

$10,000,000

40.40 AC lot

Large development tract with adjacent sewer and water service near established retail anchors.

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Libertyville, IL Strip Malls Market Trends and Statistics

Explore 2 strip malls for sale in Libertyville, IL on our real estate platform.

Sale prices for retail strips in Libertyville, IL average $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	$1.6M

Neighborhood

Average Price

60048

$1.6M

Libertyville, IL Strip Malls for Sale

197 Peterson Road, Libertyville, IL 60048

116 - 134 Peterson Rd, Libertyville, IL 60048