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1123 S Milwaukee Ave
Libertyville, IL 60048
Retail Property For Sale

Investment Highlights

  • Located on Milwaukee Avenue, Libertyville’s primary retail corridor, ensuring strong consumer visibility.
  • Approximately 1.8-acre site well-suited for quick-service, fast-casual, or drive-thru retail concepts.
  • Surrounded by top-performing national retailers including Tesla, Menards, Lowe’s, and ALDI to drive consistent traffic.
  • Affluent trade area with high household incomes and dense daytime employment supports strong retail demand.

Executive Summary

This 1.8-acre property presents a prime opportunity for developers and investors seeking a high-visibility retail site in Libertyville’s busiest commercial corridor. Situated along South Milwaukee Avenue, the site benefits from robust traffic volumes of approximately 27,000 vehicles per day and proximity to a densely populated trade area with an affluent customer base. The property is surrounded by a diverse line-up of national and regional retailers including Tesla, Menards, ALDI, Lowe’s, and Jewel-Osco, reinforcing strong consumer draw and delivering built-in market demand. Positioned within a thriving retail node anchored by destination venues and complemented by well-known dining options, the site is ideally suited for retail development, drive-thru concepts, or other high-traffic uses. With convenient access from major thoroughfares and positioning within one of the North Shore’s most desirable retail submarkets, this property offers an attractive location for both operational efficiency and long-term asset growth.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Bank
Building Size
6,846 SF
Building Class
B
Year Built
1985
Tenancy
Single
Building Height
2 Stories
Building FAR
0.09
Lot Size
1.80 AC

Amenities

  • 24 Hour Access

Property Taxes

Property Taxes

Parcel Number
11-28-201-050
Land Assessment
$322,830
Improvements Assessment
$66,900
Total Assessment
$389,730
  • Listing ID: 40243999

  • Date on Market: 4/22/2026

  • Last Updated:

  • Address: 1123 S Milwaukee Ave, Libertyville, IL 60048

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