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$1,995,000

426 S Milwaukee Avenue
Libertyville, Illinois 60048

Active / MLS #12510586 / Vacant Land / Libertyville
Listing information updated 11/11/2025 at 6:03am
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.
Parking Type:
Asphalt
Water Front:
No
Square Feet:
N/A
Lot Size:
.50-.99 Acre
Acreage:
0.82
Tax Amount:
$36,629
Tax Year:
2024
Zip Code:
60048
City:
Libertyville
County:
Lake
School District(s):
70, 128
Elementary School:
Copeland Manor Elementary School
Middle School:
N/A
High School:
Libertyville High School

Listing Office: Baird & Warner

Listing Office Phone: 847.367.1855

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/11/2025 at 6:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Libertyville

Libertyville, IL

Libertyville owes much of its early growth to the railroad. A spur on the Milwaukee Road train line brought rapid growth to the area, which was incorporated in 1882. Today the Metra rail system provides a convenient commute for residents of this vibrant community. Libertyville’s bustling downtown...

Metra

Metra
Milwaukee District North line at Libertyville Metra
$697,323
Average Sale Price
36
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 426 S Milwaukee Avenue, Libertyville, IL 60048
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426 S Milwaukee Avenue, Libertyville, IL 60048 is a vacant land currently listed at $1,995,000. This vacant land has been listed on @properties Christie's International Real Estate since November 5th, 2025. Nearby schools include Copeland Manor Elementary School and Libertyville High School. The nearest transit stops include Libertyville Metra Metra Milwaukee District North line.

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