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28165440
28165441

426 S Milwaukee Ave, Libertyville, IL 60048 For Sale

BL
IL 475198374
Baird & Warner Libertyville
Listed by Baird & Warner Libertyville
$1,995,000
257 days on market
Updated 20 days ago

426 & 450 S Milwaukee Ave

Details
APN 1121225024, 1121225006, 1121225005, 1121225004
Property Type Land, Retail
Sub Type Auto Shop, Commercial (+1)
Cap Rate 1.6%
NOI $32,000
Occupancy 80%
Brand/Tenant Starbucks
Broker Co-Op Yes
Year Built 1955
Buildings 2
Stories 2
Acreage 0.820
Zoning CB3
Investment Type Redevelopment

Excellent opportunity at a highly visible intersection!

Marketing description

An outstanding 35,542sqft 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, 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 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 prime location.

Listing Contacts

BL
IL 475198374
Baird & Warner Libertyville
Listed by Baird & Warner Libertyville

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$32,000.00
$2,666.67/mo

Valuation Metrics

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DSCR
1.6%
Cap Rate
1.6%
ROI

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