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0 Beds
8,500 sqft

$995,000

426 S Milwaukee Avenue, Libertyville IL, 60048

Price per sqft$117.06
Built in1955
Property size8,500 sqft
Property typeOther
Listed by Benjamin Lovinger with Baird & Warner 847-778-9519

Overview

Active

Listed Apr 18, 2026

Updated Jun 16

An outstanding value add mixed use opportunity 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. 426 S Milwaukee Avenue, is a value add mixed use opportunity to add retail and office tenants. The property is currently leased with a hardware store, and second-floor offices-all rented on a month-to-month basis, providing holding income during planning and entitlement. The seller would ideally like to sell both 426 S. Milwaukee and 450 S. Milwaukee Avenues as a package offering a generous price reduction for both. 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 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 value add property in vibrant Libertyville-just minutes from downtown, Metra access, major retail, and employment centers. Bring your vision and capitalize on this great location.

$6,620/mo

Est. mortgage payment based on a $995,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12621592

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.83 Acres

Other Property Details

Taxes
$41,038
Tax Frequency
Annually
MLS provider logo

Listed by Benjamin Lovinger with Baird & Warner 847-778-9519

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Dominick Clarizio are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 6/16/2026. 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

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Data is refreshed every 3 hours. Listing last updated 3:39 AM UTC on 6/16/2026. 

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