545-47 N Milwaukee Avenue,Libertyville, IL 60048
Libertyville, IL 60048
Description
This exceptional investment and owner-user opportunity is a premier mixed-use trophy asset situated in the heart of Libertyville's vibrant Downtown Core at 545-547 N Milwaukee Avenue. Downtown Libertyville properties rarely change hands especially ones as turn key and stable. This meticulously maintained two-story building perfectly blends historic architectural charm with high-end modern infrastructure. For the owner-occupant, this property offers a rare chance to elevate your brand and your team's quality of life by establishing a corporate headquarters on the second floor. The 6000 square foot modern open floor plan office suite provides a sophisticated workspace characterized by premium finishes and an abundance of natural light, fostering a true live-work-play environment where employees are steps away from award-winning dining, boutique shopping, the Metra station and residential neighborhoods. The building is unique in that it features multiple tenants across its diverse floor plan, which significantly enhances investment stability through diversified income streams. The current owner-occupant is prepared to vacate to accommodate your business or remain in place under a lease-back agreement, offering ultimate flexibility for your transition. From an investor standpoint, this is a recession-resistant asset that allows you to add a high-performing trophy property to your portfolio. The ground floor is anchored by two stable restaurant tenants signed to long-term leases, providing a reliable and diversified cash flow from day one. The building is fully ADA compliant and all parking requirements have been satisfied, which is a significant competitive advantage in a dense downtown corridor. Originally built in 1920 and significantly remodeled in 2008, the property features high-end interior build-outs including slate tiling and hickory flooring. Furthermore, the local economy is poised for even greater growth as Libertyville will be adding close to 300 residential units to its downtown district in the coming years. This increase in density will help bolster the already high visibility and heavy pedestrian traffic, ensuring the long-term desirability and value of this downtown core location. For showings or financial information
Details
| MLS # | 12643761 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1920 |
| Days On Site | 134 |
| Listing Provided By | Baird & Warner | Benjamin Lovinger |
Features
| SQ Feet | 16,621 |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Zoning | COMMR |
| Acreage | 0.22 |
Interior
| Cooling | Central Individual |
|---|
Exterior
| Roof | Membrane |
|---|---|
| Foundation Details | Block, Concrete Perimeter |
| Construction Materials | Brick, Concrete, Glass |
Utilities
| Electric | Service - 201 to 600 Amps |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 70025.74 |
Area Information
| State | IL |
|---|---|
| County | Lake |
| City | Libertyville |
| Zip Code | 60048 |
| Area | Green Oaks | Libertyville |
| Listing VS Median (in 60048) | |
Price: $6,995,000 low | high Med: $607,000 sqft: 16,621 low | high Med: 2,127 $ / sqft: $421 low | high Med: $285 On site: 134 low | high Med: 11 | |
Market Activity 60048
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Learn More About This Property
| State | IL |
|---|---|
| County | Lake |
| City | Libertyville |
| Zip Code | 60048 |
| Area | Green Oaks | Libertyville |
| Listing VS Median (in 60048) | |
Price: $6,995,000 low | high Med: $607,000 sqft: 16,621 low | high Med: 2,127 $ / sqft: $421 low | high Med: $285 On site: 134 low | high Med: 11 | |