


545-47 N Milwaukee AvenueLibertyville, IL 60048
Commercial · 16,621 Sq. ft.545-47 N Milwaukee Avenue Overview
- Time on Site:
- 47 days
- Visits:
- 1
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
545-47 N Milwaukee Avenue Facts & Features
- Type Commercial
- Sq. ft. 16,621
- Price/Sq.ft. $421
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 7517
- Fuel Expense: 2400
- Gross Income: 384376
- Gross Scheduled Income: 355822
- Insurance Expense: 0
- Net Operating Income: 345423
- Operating Expense: 10397
- Trash Expense: 0
- Water Sewer Expense: 480
Building Information
- Year Built: 1920
Business Information
- Current Use: Commercial
Location/Region
- County Or Parish: Lake
- MLS Area Major: Green Oaks / Libertyville
Tax Information
- Tax Annual Amount: $70,025.74
- Tax Year: 2025
General Information
- Parcel Number: 11163050080000
- Property Sub Type: Mixed Use
- Property Type: Commercial Sale
- Zoning: COMMR
Interior
Building Information
- Office SqFt.: 7552
- Other SqFt.: 1517
- Retail SqFt.: 7552
Building Interior
- Building Area Total: 16621
General Information
- Cooling: Central Individual
- Electric: Service - 201 to 600 Amps
- Foundation Details: Block, Concrete Perimeter
- Stories: 2
Exterior
Lot Information
- Additional Parcels: Yes
- Frontage Type: State Road
- Lot Size Dimensions: 60x160x50x170
- Lot Size Square Feet: 9807
Building Exterior/Construction
- Construction Materials: Brick, Concrete, Glass
- Roof: Membrane
General Information
- Number Of Units Total: 3
545-47 N Milwaukee Avenue Neighborhood
Community
60048 (LIBERTYVILLE) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.545-47 N Milwaukee Avenue Monthly Cost
545-47 N Milwaukee Avenue Market Data
Based on the last 30 days in this zip code
545-47 N Milwaukee Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/18/2026Source: MRED | Active |
|
| 5/13/2026Source: MRED | May 13, 2026 |

































