426 S Milwaukee Avenue Libertyville IL 60048 MLS #MRD12391658

Great investment opportunity. 2 C3 zoned retail commercial properties located on approximating 36,000 sq ft on prime corner lot in Libertyville’s popular Business District with 1 entry on Rockland Rd and 3 entries on Milwaukee Ave. The main building (426 S Milwaukee) is approximately 8,000 SF with 6,000 SF on the first floor (hardware store) with large adjoining workshop with exterior full access for loading. The upper floor has approximately 2,000 SF containing 6 generous sized, very well maintained offices varying sizes from 500 SF to 700 SF (3 hardwood flooring 3 carpet). There are also 2 restrooms down the hall. 2 offices are currently being rented with month to month leases. 2nd property (450 S Milwaukee) is currently being used as an auto repair shop which tenant is leasing on a month to month. Between the 2 buildings is a nice sized parking lot (2 separate pins included). In the rear of the properties there is an alley which allows for easy in and out access. Roof on main building (Hardware Store) is approximately 11 years old. Located on the corner of a busy intersection with turn lanes and traffic lights. These properties have great exposure and are surrounded by residential homes, businesses, schools and Condell Hospital.

Property Details

Price:
$2,200,000
MLS #:
MRD12391658
Status:
Active
Beds:
0
Baths:
0
Address:
426 S Milwaukee Avenue
Type:
Commercial
Neighborhood:
greenoakslibertyville
City:
Libertyville
Listed Date:
Jun 16, 2025
State:
IL
Total Sq Ft:
8,500
ZIP:
60048
Year Built:
1955

Schools

Interior

Cooling
Central Air, Wall Sleeve

Exterior

Financial

Net Operating Income
$31,200
Tax Year
2024
Taxes
$36,628

Listing Agent & Office

Karen Sanchez
HomeSmart Connect LLC

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