Libertyville, IL 60048 426 S Milwaukee Avenue

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Presented By: HomeSmart Connect LLC
  • MLS# 12391658
  • 06/16/2025
  • Request Tour
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  • SQFT • 8,500

Home Details

Great investment opportunity. 2 C3 zoned retail commercial properties located on approximating 36,000 sq ft on prime corner lot in Libertyville's popular Business District with 1 entry on Rockland Rd and 3 entries on Milwaukee Ave. The main building (426 S Milwaukee) is approximately 8,000 SF with 6,000 SF on the first floor (hardware store) with large adjoining workshop with exterior full access for loading. The upper floor has approximately 2,000 SF containing 6 generous sized, very well maintained offices varying sizes from 500 SF to 700 SF (3 hardwood flooring 3 carpet). There are also 2 restrooms down the hall. 2 offices are currently being rented with month to month leases. 2nd property (450 S Milwaukee) is currently being used as an auto repair shop which tenant is leasing on a month to month. Between the 2 buildings is a nice sized parking lot (2 separate pins included). In the rear of the properties there is an alley which allows for easy in and out access. Roof on main building (Hardware Store) is approximately 11 years old. Located on the corner of a busy intersection with turn lanes and traffic lights. These properties have great exposure and are surrounded by residential homes, businesses, schools and Condell Hospital.
Presented By: HomeSmart Connect LLC

General for 426 S Milwaukee Avenue

Additional Parcels Y/NYes
CityLibertyville
CoolingCentral Air, Wall Sleeve
CountyLake
Current UseCommercial, Automotive
DirectionsRT 176 W to S on RT 21
ElectricCircuit Breakers, Service - 101 to 200 Amps
Leasable Area8500
Lot Size Square Feet36000
MLS AreaGreen Oaks / Libertyville
ModificationTimestamp2025-07-11T13:58:01.562Z
Net Operating Income31200
PossessionClosing, Negotiable
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount36628
Tax Year2024
TownshipLibertyville
Year Built1955
ZoningCOMMR

Exterior for 426 S Milwaukee Avenue

Building Area Total8500
Frontage TypeFrontage Road, Public Road
Lot Dimensions132X261X127X299

Additional Details

Price History

Client Care

Price $2,200,000
MLS#12391658
List Date 06/16/2025
Property Type Commercial
Phone 847.485.2500
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