426 S Milwaukee Avenue Libertyville, IL $ 1,995,000
426 S Milwaukee Avenue
$ 1,995,000
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426 S Milwaukee Avenue

Libertyville, IL, 60048
$ 1,995,000
Baths0.0

Monthly Estimate*

$ 12,446

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Studio

Lots and Land for sale in Libertyville, IL

for $1,995,000. The lot size is 0.82.

An outstanding 35,542sqft end cap parcel positioned at one of Libertyville's busiest intersections, offering exceptional visibility and access in a premier Lake County community. With over 24,000 vehicles passing daily and a median household income of $140,000 within one mile, this property offers both strong demographics and long-term growth potential. Zoned for commercial use with an allowable building height of 45 feet, the site is ideally suited for a mixed-use redevelopment, apartment project, or professional office suites. The Village of Libertyville is development-friendly and eager to collaborate on transformative projects that enhance the corridor and community. The end cap location further adds value, offering excellent design flexibility for projects that could incorporate a drive-thru component or high-traffic retail. This is a rare chance to secure a prime redevelopment site in vibrant Libertyville-just minutes from downtown, Metra access, major retail, and employment centers. Bring your vision and capitalize on this prime location.

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Lots and Land Active

Price

$ 1,995,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 36,629

Style

Retail

Lot Size

0.82

Town/City

Libertyville

County/Region

Lake

MLS | Web ID

12510586

Features
General
Utilities Electric to Site Natural Gas Available Sewer Connected Water Available
Possession Closing
Township Libertyville
Tax Year 2024
Current Use Retail
Ownership Fee Simple
Additional Parcels Description 11212250050000 11212250060000 11212250240000
County Lake
Property Type Land Land
Possible Use Commercial Conditional Use Liquor License Office Multi-Family Retail
Status Active
Directions Northeast Corner of the Milwaukee Avenue and Rockland Road intersection.
High School Libertyville High School
City Libertyville
High School District 128
MLS Area Green Oaks / Libertyville
Elementary School Copeland Manor Elementary School
Tax Annual Amount 36629.18
Additional Parcels Y/N Y
Virtual Tour https://listings.hapiphotography.com/videos/019a1e33-9293-71ad-94b3-4803c4cc4106?v=280
Standard Status Active
Middle/Junior School District 70
Elementary School District 70
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Exterior
Parking Features Asphalt
Total Parking 0
Lot Dimensions 260x133x296x127
Lot Size Acres 0.82
Road Surface Type Asphalt
Frontage Length 260
Frontage Type State Road
Waterfront Y/N N
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Interior
Total Baths 0
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* Excluded Features
List By
Baird & Warner

Broker

Ben.Lovinger@bairdwarner.com

Email

Affordability Calculator

$15,499
Per Month
80%
20%
0%
Monthly Principal & Interest
$12,446
Monthly Property Taxes
$3,052
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565428 Elementary School
566440 Middle School
Libertyville High School High School
Pricing History
DatePricePrice ChangeDescription
11/5/2025$1,995,000 Listed Price

Map


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426 S Milwaukee Avenue, Libertyville, IL, 60048 is a Lots and Land for sale at $1,995,000 with a lot size of 0.82. 426 S Milwaukee Avenue is a studio with 0.0 baths. The property's zip code is 60048 which is in Libertyville, IL