Libertyville, IL
Commercial Real Estate Market Trends & Data

$237 Avg asking sale price
$144 Avg asking lease rate
13,030 SF Avg unit lease size
39,842 SF Avg building size for sale
5.84% Average cap rate

Libertyville's Demographic Profile

Libertyville has 7,660 households and a median income of $154,487, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 20,525
# Households 7,660
Median age 44
Median household income $154,487
Avg household size 3.0
Renter-occupied housing units 1,641
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Libertyville, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Libertyville $173 4,117 SF 7.07%
Green Oaks $139 16,322 SF 7.12%
Mundelein $245 6,830 SF 7.07%
Nearby Retail Markets Avg Cost/SF Typical Size
Libertyville $79 39,424 SF
Green Oaks $285 9,600 SF
Vernon Hills $113 28,855 SF
Mundelein $113 34,738 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
North Chicago $197 6,544 SF 9.54%
Waukegan $197 6,544 SF 9.54%
Palatine $288 66,069 SF 5.73%

Commercial Properties For Sale in Libertyville

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Raising Cane's

Vernon Hills, IL 60061

  • 3,454 SF Retail Building
  • 4.60% Cap Rate
  • $3,695,652
For Sale

14052 W Petronella Dr

Libertyville, IL 60048

  • 12,000 SF Office Building
  • $399,000
For Sale

Suite 202

Libertyville, IL 60048

  • 23,500 SF Office Building
  • $409,500
For Sale

426-450 S Milwaukee Ave

Libertyville, IL 60048

  • 0.81 AC Lot
  • 1 Commercial Lot
  • $1,995,000
For Sale

600 E Bunker Ct

Vernon Hills, IL 60061

  • 44,315 SF Industrial Building
  • $5,495,000
For Sale

330 + 332 Brainerd & 226 + 220 + 212 W. Maple

Libertyville, IL 60048

  • 1.49 AC Lot
  • 1 Residential Income Lot
  • $2,399,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Libertyville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Libertyville $237 39,842 SF
Green Oaks $128 24,121 SF
Mettawa $112 76,065 SF
Vernon Hills $223 75,656 SF
Mundelein $392 43,144 SF

Regional Demographic Comparison

This comparison places Libertyville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Libertyville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Libertyville 20,525 7,660 44 $154,487 3 1,641 -1%
Mettawa 760 253 53 $139,285 3 30 5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Libertyville, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Libertyville

View All Commercial Real Estate For Sale in Libertyville
Is Libertyville a good market for a first-time commercial real estate investor?

Libertyville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Libertyville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Libertyville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Libertyville?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Libertyville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Libertyville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Libertyville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Libertyville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Libertyville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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