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Libertyville Retail Strip 116 Peterson Rd 9,700 SF 100% Leased Retail Building Libertyville, IL 60048 $1,895,000 ($195.36/SF) 7.51% Cap Rate
INVESTMENT HIGHLIGHTS
- 100 Percent Occupied Retail Strip | Long-Term Tenants
- Property has Frontage along Peterson Road, which Sees 28,800 Vehicles per Day
- 34,352 People Live and 46,331 People Work within a Three-Mile Radius
- Value-Add Opportunity Through Converting Gross Leases to Net Leases
- Average Household Income of $197,370 within a Mile Radius
EXECUTIVE SUMMARY
This retail strip in Libertyville, Illinois is 100 percent occupied by long-operating tenants, with several businesses in place since 2006 and 2011. All tenants have annual rental increases and there is additional value-add potential by converting existing gross leases into net leases. The property offers excellent visibility and accessibility along Peterson Road (28,800 VPD), near the signalized intersection with N Milwaukee Avenue (24,100 VPD), and just minutes from Interstate-94 (135,200 VPD). The site benefits from strong regional connectivity, located 1.6 miles from the Libertyville Metra Train Station, which saw nearly 3.4 million riders in 2024. Surrounding demand drivers include national retailers, abundant local businesses, two nearby schools, and a major auto dealership corridor. The area boasts an affluent customer base, with average household income of $197,370 within one mile and more than 34,000 residents and 46,000 workers within three miles.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
9,700 SF
Building Class
C
Year Built
1988
Price
$1,895,000
Price Per SF
$195.36
Cap Rate
7.51%
NOI
$142,308
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.72 AC
Zoning
C-3, Libertyville
Parking
24 Spaces (2.47 Spaces per 1,000 SF Leased)
Frontage
345’ on Peterson Rd.
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 11-09-100-014 | Improvements Assessment | $380,677 |
| Land Assessment | $115,074 | Total Assessment | $495,751 |
PROPERTY TAXES
Parcel Number
11-09-100-014
Land Assessment
$115,074
Improvements Assessment
$380,677
Total Assessment
$495,751
CONTACTS
-
Sean Sharko -
Austin Weisenbeck -
Benjamin Shapiro -
Sharko | Weisenbeck | Mendoza Group
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Libertyville Retail Strip | 116 Peterson Rd
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