426 S Milwaukee Avenue, Libertyville, IL 60048

• 8,500 sqft

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.

Listing Status:

Active

Listing Office:

Baird & Warner : 847-367-1855

Listing Agent:

Benjamin Lovinger : 847-778-9519

MLS ID:

12507202

Interior

• A/C: Central AirWall Sleeve

Location

• Road/Access: Public RoadFrontage Road
• Originating MLS: mred
• County: Lake

Lot

• Zoning: COMMR10234130740000
• Current Use: CommercialAutomotive

Utilities

• Utilities: Circuit BreakersService - 101 to 200 Amps

Financial

• Source: mred

This listing courtesy of Benjamin Lovinger, Baird & Warner