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545-47 Milwaukee Avenue

Libertyville, IL 60048
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$6,995,000
0beds
0baths
sqft
Anything from "is it priced right?" to "what's the catch?"

About this home

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
MLS Description — as provided by the listing brokerage.

The facts

Property typeCommercial Sale
Year built1920
Lot dimensions60x160x50x170
AreaGreen Oaks / Libertyville
Annual tax$70,025.74
First listedMay 11, 2026
Parcel #11163050080000
CountyLake
MLS #MRD12643761
Days on market3
Photos28

Features

Cooling
Central Individual
Construction
BrickConcreteGlass
Listed by
Baird & Warner
Benjamin Lovinger · 847-778-9519

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 5/13/2026, 7:50:03 PM. All data should be independently verified.

$6,995,000
0 bd · 0 ba
You + your agent

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