Properties

Features
: Central Air , Wall Sleeve
Address Map
US
IL
Lake
Libertyville
60048
Milwaukee
426
Avenue
W88° 2' 51.1''
N42° 16' 45.5''
Northeast corner of Milwaukee Avenue and Rockland Road
Green Oaks / Libertyville
Green Oaks / Libertyville
S
S
COMMR
Additional Information
8500
: Commercial , Automotive
Circuit Breakers,Service - 101 to 200 Amps
Circuit Breakers,Service - 101 to 200 Amps
132X261X127X299
7
7
2
Baird & Warner
Benjamin Lovinger
Financial
41037.6
Listing Information
257659
2050
MRED
Listing Information
Active
2026-04-26T09:22:08Z
2026-04-24T05:05:22Z
Property Description

An outstanding value add mixed use opportunity at one of Libertyville’s busiest intersections, offering exceptional visibility and access in a premier Lake County community. With over 24,000 vehicles passing daily and a median household income of $140,000 within one mile, this property offers both strong demographics and long-term growth potential. 426 S Milwaukee Avenue, is a value add mixed use opportunity to add retail and office tenants. The property is currently leased with a hardware store, and second-floor offices-all rented on a month-to-month basis, providing holding income during planning and entitlement. The seller would ideally like to sell both 426 S. Milwaukee and 450 S. Milwaukee Avenues as a package offering a generous price reduction for both. Zoned for commercial use with an allowable building height of 45 feet (and the potential for additional height via special use permit), the site is ideally suited for a mixed-use redevelopment, apartment project, or professional office suites. The Village of Libertyville is development-friendly and eager to collaborate on transformative projects that enhance the corridor and community. The end cap location further adds value, offering excellent design flexibility for projects that could incorporate a drive-thru component or high-traffic retail. This is a rare chance to secure a prime value add property in vibrant Libertyville-just minutes from downtown, Metra access, major retail, and employment centers. Bring your vision and capitalize on this great location.

Commercial Sale For Sale

426 S Milwaukee Avenue, Libertyville, Illinois 60048

$995,000
Listing ID#12621592
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12621592
Price : $995,000
Year Built : 1955
Listing Status : Active
Property Sub Type : Business
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