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$1,995,000

126 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

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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 

126 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

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Recent Activity

4 months ago		Listing updated with changes from the MLS®
4 months ago		Status changed to Active
4 months ago		Listing 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 2026-03-12 04:56 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: 2026-03-12 04:56 PM UTC
MRED DMCA Copyright Information Copyright © 2026 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute

Source: Walkscore

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