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25570155
25570156

211 S Milwaukee Ave., Libertyville, IL 60048 For Sale

SS
IL 475136992
Millennium Properties R/E
Listed by Millennium Properties R/E
$1,900,000
358 days on market
Updated 17 days ago

211 S Milwaukee Avenue

Details
APN 11212140140000
Property Type Retail
Sub Type Auto Shop, Storefront (+1)
Square Footage 17,868
Units 2
Tenancy Multi
Brand/Tenant Advance Auto Parts, Auto Repair Business
Year Built 2003
Buildings 1
Stories 1
Lot Size (SqFt) 47,511
Zoning C-3: General Commercial
Parking Spaces 78 spaces
Parking per 1,000 SqFt 4.37
Investment Type Owner/User

Retail | 7,384 SqFt

Marketing description

Available for sale is a 17,868 square foot, two-tenant retail building in Libertyville, IL. The property was formerly anchored by Advance Auto Parts with the balance of the property leased to a 40+ year auto repair business. Each unit is 7,844 square foot and there is approximately 2,180 square foot of storage space that is utilized by both tenants. The building is situated on a 1.09 acre parcel and is strategically located just south of downtown Libertyville. This offering is an excellent opportunity for a user as is or a future redevelopment opportunity. Businesses in the area include Jewel, Trader Joes, Culvers, Jiffy Lube, multiple car dealerships and numerous neighborhood centers.

Located in Lake County, Libertyville is approximately 37 miles north of downtown Chicago. The village enjoys the benefits of suburban living with easy access to the city. The historic downtown is a vibrant shopping and dining destination. The community has a diverse economy with a mix of retail, professional services, healthcare, and manufacturing. Libertyville residents are highly educated, as made evident by a high school graduation rate greater than 95% and the fact that over 74% of residents are college graduates.

Investment highlights

  • 17,868 SF single-story with partial second floor automotive and repair facility
  • Month-to-month lease with repair shop
  • Ample parking with 63 outdoor spaces and 15 +/- interior spaces
  • Electric service: 800 amps, 120/208 volt, 3-phase
  • Fully sprinklered
  • Property has three curb cuts
  • Excellent visibility with 300' frontage on Milwaukee Ave. (Rte 21)
  • Milwaukee Avenue is a main artery
  • Traffic count: 25,795 vehicles daily
  • Land area: 47,511 SF
  • Zoning: C-3: General Commercial
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SS
IL 475136992
Millennium Properties R/E
Listed by Millennium Properties R/E

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