SQUARE FEET8,500
MLS#12507202
STATUSActive
PROPERTY TYPECommercial - Retail
Property Description
An outstanding 35,542 sq ft end cap parcel positioned 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. 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 property is currently improved with an auto repair shop, hardware store, and second-floor offices-all rented on a month-to-month basis, providing holding income during planning and entitlement. 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 redevelopment site in vibrant Libertyville-just minutes from downtown, Metra access, major retail, and employment centers. Bring your vision and capitalize on this great location.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air, Wall Sleeve
Lot Size: 0.83 Acres
Stories: 2.0
Taxes: $36,628
Year Built: 1955
Feature Descriptions
Current Use: Commercial, Automotive
Electric: Circuit Breakers, Service - 101 to 200 Amps
Fire Protection: Smoke or Fire Protectors
Frontage Type: Frontage Road, Public Road
HVAC: Central Bldg Heat, Forced Air, Gas
Lot Dimensions: 132X261X127X299
Number of Tenant(s): 3
Parcel#: 10234130740000
Parking: 13-18 Spaces
Units: 7
Listed By / Shown By
Listed By
Agency Name: Baird & Warner
Agency Phone: 847-367-1855
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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426 S Milwaukee Avenue | MLS# 12507202
This commercial property located at 426 S Milwaukee Avenue, Libertyville, IL 60048 is currently listed for sale with an asking price of $1,995,000. Search Libertyville real estate on www.bhhscrosby.com today.