545-47 N Milwaukee Avenue
Libertyville, IL, 60048
$6,995,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD12643761 image #0
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

Property Details

Price:
$6,995,000
MLS #:
MRD12643761
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
greenoakslibertyville
Listed Date:
May 11, 2026
Total Sq Ft:
16,621
Year Built:
1920
Green Oaks / LibertyvilleGreenoakslibertyville

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Schools

Interior

Cooling
Central Individual

Exterior

Construction Materials
Brick, Concrete, Glass
Roof
Membrane
Stories
2

Financial

Net Operating Income
$345,423
Tax Year
2025
Taxes
$70,026

Map

Community

Market Summary

Current real estate data for Commercial in Libertyville as of Oct 04, 2026
11
Commercial Listed
221
Avg DOM
$1,323,809
Avg List Price

Property Summary

    545-47 N Milwaukee Avenue Libertyville IL is a Commercial for sale in Libertyville, IL, 60048. It is listed for $6,995,000

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