Listing provided courtesy of RE/MAX SuburbanMREDas Distributed by MLSGrid- MLS# 12588419MLS Provider

537 N Milwaukee AvenueLibertyville, IL 60048

Commercial
$6,900 Active

537 N Milwaukee Avenue Overview

Time on Site:
110 days
Visits:
2

In town Libertyville location that's in the heart of the village! Enjoy all the things that the ville offers from local bars, shops, and restaurants in a thriving community with 2 blocks to the commuter train! Great public parking available Front and rear door access. Hardwood floors, exposed brick walls, 10 ft ceilings. It has been used as a thriving beauty shop and it is set up for that. Lots of potential here for your new business. Tenant pays all utilities for the space. Prime Retail Space for Lease! Discover an exceptional leasing opportunity in the heart of Libertyville! This 2400 sq. ft. retail space is perfectly suited for a variety of business needs, offering a fresh and modern environment in a highly desirable location. Property Highlights: Size: Approx. 2400 sq. ft. Build-Out: beauty shop, break room ,private office , kitchen , bathrooms. Condition: hardwood floors and neutrally painted throughout Versatility: Ideal for shop, professional services, or other commercial use Accessibility: Convenient ground-level entry with ample parking available Location & Visibility: High Traffic Count: Excellent exposure on Milwaukee Rd with an average daily traffic count exceeding 20,000 vehicles Proximity: Close to METRA, major retailers, dining options, and residential neighborhoods Convenience Matters Located just blocks from the Libertyville METRA station with nearby public parking, the property offers accessibility for both customers and employees - an important advantage in a busy downtown environment. Be Part of a Community - Not Just a Shopping Center Downtown Libertyville is known for supporting local businesses. Seasonal events, festivals, dining traffic, and community engagement help create an environment where independent businesses can build long-term relationships and repeat clientele. This is more than a retail space. It is an opportunity to position your business in the center of a thriving downtown community that people genuinely enjoy spending time in.

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537 N Milwaukee Avenue Facts & Features

  • Type Commercial

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Modified Gross

Building Information

  • Year Built: 1927

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Green Oaks / Libertyville
  • Township: Libertyville

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Insurance, Repairs, Scavenger, Sewer, Varies by Tenant, All Utilities, Trash Collection

Tax Information

  • Tax Annual Amount: $16,851.26
  • Tax Year: 2024

General Information

  • Property Type: Commercial Lease
  • Zoning: RTAIL

Interior

General Information

  • Cooling: Central Air, Central Individual
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Flooring: Wood
  • Foundation Details: Brick/Mortar
  • Leasable Area: 2400
  • Stories: 1

Unit Information

  • Unit SqFt.: 2400

Exterior

Lot Information

  • Frontage Type: City Street

Building Exterior/Construction

  • Construction Materials: Brick, Frame, Other
  • Roof: Membrane

General Information

  • Number Of Units Total: 1

537 N Milwaukee Avenue Neighborhood

Community

60048 (Libertyville) Demographics

44
Median Age
1,041
Population Density (per sq. mile)
75%
College Educated
$151,816
Estimated Median Income
8,680
Estimated Total Home Owners
1,735
Estimated Total Renters
83% / 17%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

537 N Milwaukee Avenue Market Data

Based on the last 30 days in this zip code

$927,385
Average List Price
$323
Average Price per Square Foot
32
Properties Sold
44
Average Days on Market
119
Properties for Sale
Calculations provided by Reliance Network

537 N Milwaukee Avenue History

Date Event Value Agent
3/16/2026Source: MRED Status Change
Active
3/11/2026Source: MRED Added to Database
March 11, 2026