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545-47 N Milwaukee Avenue, Libertyville, IL 60048

$6,995,000
  • 545-47 N Milwaukee Avenue, Libertyville, IL 60048 Main Photo

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New to the Market New
SQUARE FEET16,621 MLS#12643761
STATUSNew PROPERTY TYPECommercial - Business

Property 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

545-47 N Milwaukee Avenue | MLS# 12643761

This commercial property located at 545-47 N Milwaukee Avenue, Libertyville, IL 60048 is currently listed for sale with an asking price of $6,995,000. Search Libertyville real estate on vbloomer.gogambino.com today.

Property Features

Property Type: Commercial - Business
Cooling: Central Individual
Lot Size: 0.23 Acres
Roof Type: Membrane
Stories: 2.0
Taxes: $70,025
Year Built: 1920

Feature Descriptions

Current Use: Commercial
Drains: Patio
Electric: Service - 201 to 600 Amps
Exterior: Brick, Concrete, Glass
Fire Protection: Alarm Monitored, Alarm On Site, Ansul System, Fire Extinguisher/s, Hydrants On Site, Sprinklers-Wet
Foundation: Block, Concrete Perimeter
Frontage Type: State Road
HVAC: Central Heat/Indiv Controls
Lot Dimensions: 60x160x50x170
Miscellaneous Outdoor: Patio
Number of Tenant(s): 7
Parcel#: 11163050080000
Parking: Common Parking, Covered, Lighted, Paved, Public Lot, Parking On-Site
Units: 3

Listed By / Shown By

Listed By

Agency Name: Baird & Warner
Agency Phone: 847-367-1855

Shown By

Agent Name: Vanessa Bloomer
Agent Phone: (815) 312-7879
Agency Title: Gambino Realtors

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