197 Peterson Road # 191-197 Libertyville, IL $ 1,599,000
197 Peterson Road # 191-197
$ 1,599,000
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197 Peterson Road # 191-197

Libertyville, IL, 60048
$ 1,599,000
Bedrooms-- Baths-- Sq 13,398

Monthly Estimate*

$ 9,976

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Commercial Property for sale in Libertyville, IL

for $1,599,000. This 13,398 square foot building was built in 1999 on a lot size of 0.68641.

Discover an exceptional opportunity to secure a versatile commercial property located in a thriving business corridor. This well-maintained site offers excellent visibility, high traffic counts, and a strategic location surrounded by established retail, dining, and service destinations. Ideal for investors, owner-operators, or businesses seeking expansion, this property delivers the flexibility and functionality needed to support a wide range of commercial uses. Sutton Plaza features 5 individual units suitable for retail, service or office. Property consists of 38 dedicated parking spots, providing ample capacity for customers, staff, and deliveries, 11 drive-in bays, perfect for automotive services, logistics, warehousing, or other vehicle-accessible operations and is located close to the expressway, offering easy regional access and strong commuter traffic. With its combination of flexible unit layouts, generous parking, and drive-in capability, this property is designed to accommodate a range of tenants or a multi-use owner-occupant strategy. The strong neighboring commercial presence enhances both daily traffic and long-term investment value. Whether you're expanding your portfolio or establishing a new flagship location, this property offers the adaptability and market positioning to support continued growth and become a strong business in the area.

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Commercial Active

Price

$ 1,599,000

Property Type

Commercial

Taxes

$ 23,490

Style

Commercial,Automotive,Medical/Dental

Lot Size

0.68641

Year Built

1999

Town/City

Libertyville

County/Region

Lake

MLS | Web ID

12519072

Features
General
Cooling Central Air Window Unit(s)
Possession Closing
Zoning COMMR
Construction Materials Brick
Year Built 1999
Electric Circuit Breakers
Stories Count 1
Township Libertyville
Unit Number 191-197
Tax Year 2024
Current Use Commercial Automotive Medical/Dental
Gross Income 91284
Assoc Fee Paid Per Not Applicable
County Lake
Net Operating Income 67793
Property Type Commercial Sale Retail/Stores
Status Active
Directions Milwaukee Ave west on Peterson to property on north side of the street. property is called Sutton Plaza.
City Libertyville
Number Of Units Total 5
MLS Area Green Oaks / Libertyville
Lot Size Square Feet 29900
Tax Annual Amount 23490.24
Additional Parcels Y/N N
Leasable Area 13398
Standard Status Active
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Exterior
Building Area Total 13398
Lot Dimensions 100 x 299
Frontage Type City Street Paved
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* Excluded Features
List By
Helen Oliveri Real Estate

Broker

helen@helenoliveri.com

Email

Affordability Calculator

$11,933
Per Month
84%
16%
0%
Monthly Principal & Interest
$9,976
Monthly Property Taxes
$1,958
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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/17/2025$1,599,000 Listed Price

Map


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197 Peterson Road # 191-197, Libertyville, IL, 60048 is a Commercial Property for sale at $1,599,000 with 13,398 sqft and a lot size of 0.68641. 197 Peterson Road # 191-197 was built in 1999. The property's zip code is 60048 which is in Libertyville, IL