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1470 N Milwaukee Ave 1.5 Acres of Commercial Land Offered at $1,500,000 in Libertyville, IL 60048
Investment Highlights
- Neighboring retail includes Walgreens, McDonald’s, Jimmy John’s, Taco Bell, NAPA Auto Parts, Ace Hardware, Lee Donuts, Berry Auto & Tire, and BP.
- Development Potential: Ideal for a variety of retail-oriented uses, including: Quick-service restaurant; Mixed-use; Medical office
- 23,400 vehicles per day on N Milwaukee Ave
Executive Summary
+ ASKING PRICE: $1,500,000
+ FOR SALE: +/-1.50 Acres
+ Extremely rare ±1.50-acre parcel with high-visibility frontage along Milwaukee Avenue (Route 21), Libertyville, IL.
+ Adjacent to established retail and residential neighborhoods.
+ Approximately 5 miles to I-94 via Route 137, offering excellent regional connectivity.
+ Strong exposure along Milwaukee Avenue.
+ ZONED: R-1 with potential for rezoning to commercial/retail uses
+ FOR SALE: +/-1.50 Acres
+ Extremely rare ±1.50-acre parcel with high-visibility frontage along Milwaukee Avenue (Route 21), Libertyville, IL.
+ Adjacent to established retail and residential neighborhoods.
+ Approximately 5 miles to I-94 via Route 137, offering excellent regional connectivity.
+ Strong exposure along Milwaukee Avenue.
+ ZONED: R-1 with potential for rezoning to commercial/retail uses
Property Facts
1 Lot Available
Lot
| Price | $1,500,000 | Lot Size | 1.50 AC |
| Price Per AC | $1,000,000.00 |
| Price | $1,500,000 |
| Price Per AC | $1,000,000.00 |
| Lot Size | 1.50 AC |
+ TRAFFIC COUNTS: 23,400 vehicles per day on N Milwaukee Ave + PIN NUMBER:11-07-106-004-0000 + TAXES: 2024 - $6,659
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Fairly walkable
40/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
70/100
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1470 N Milwaukee Ave
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