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Mixed-Use Land for Sale in Libertyville, Illinois

426 S Milwaukee Ave, Libertyville, IL 60048

$1,995,000
0.82 acres
Active
Est $16,669/mo

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.

Location

Street address
426 S Milwaukee Ave
Community
Green Oaks / Libertyville
School district
128
Elevation
703 feet
Coordinates
42.2788, -87.9521

Directions

Northeast Corner of the Milwaukee Avenue and Rockland Road intersection.

Property details

Lot size
0.82 acres35,719 sq ft
MLS #
MRED 12510586
Posted

Property taxes

2024
$36,629

Parcels

  • 11212250040000

Resources

Nearby schools

NameLevelDistrictDescription
Copeland Manor Elementary SchoolElementary128
Libertyville High SchoolHigh128

Listing history

DateEventPriceChangeSource
Nov 5, 2025New listing$1,995,000MRED
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This 0.82-acre property is located at 426 S Milwaukee Ave in Libertyville, IL 60048. The property is available for sale for $1,995,000.

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