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426 S Milwaukee Avenue, Libertyville, IL, 60048

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$1,995,000
17 Days On Site

426 S Milwaukee Avenue
Libertyville, IL 60048

For Sale|Retail|Active
0
Beds
0
Total Baths
8,500
SqFt
$235
/SqFt
1955
Built
County:
Lake
Listing Courtesy of MRED as distributed by MLS Grid of Baird & Warner
Call Now: (847) 845-6826
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(847) 845-6826
426 S Milwaukee Avenue426 S Milwaukee Avenue426 S Milwaukee Avenue426 S Milwaukee Avenue
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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.

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Listing Snapshot
Price 
$1,995,000
Days On Site 
17 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,500 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1955
MLS® Number 
12507202
Status 
Active
Property Tax 
$36,628
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoStatus changed to Active
2 weeks agoListing first seen on site
General Features
Additional Property Use 
CommercialAutomotive
Number Of Stories 
2
Property Sub Type 
Retail
SqFt Total 
8500
Zoning 
COMMR
Interior Features
Cooling 
Central Air
Electric 
Circuit Breakers
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Community Features
HOA Fee Frequency 
Annually
MLS Area 
Green Oaks / Libertyville
Township 
Libertyville
Listing Courtesy of MRED as distributed by MLS Grid of Baird & Warner



Based on information submitted to the MLS GRID as of 2025-11-23 08:48 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-11-23 08:48 PM UTC
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Source: Walkscore
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