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$675,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 1,863 Sq. Ft.
  • Updated 1 day ago
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Location, Location, Location! 100ft of frontage on Rt. 176 (Park Ave) in downtown Libertyville with great signage. This building offers a first-floor executive office suite and a second-floor residential rental unit. This is an extra large lot (100x170) with a 2-car detached garage and room to expand or store big toys in the back. The office space is quite swanky with beautiful original millwork, high ceilings, pocket doors and new hardwood flooring. It has a welcoming front lobby, conference room, 2 large offices, an eat-in kitchenette and full bathroom. The upstairs rental unit is 2-bedrooms, 1 bath with an in-unit washer/dryer and has a long-standing tenant with current lease. This is an excellent space to build a business, meet with clients and have an income-producing rental. Office space is approx. 1,031sqft and residential rental is approx. 832sqft. Parking spaces could be rented for high school parking. Garage space may be rentable. Office suite and rental are both occupied. PLEASE DO NOT WALK THE PROPERTY.

Full Property Details for 137 W Park Ave

General

  • Price: $675,000
  • Taxes: $12,099 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12605207
  • Updated: 3/30/2026
  • Added to Site: 2 day(s) ago

Interior

  • Interior Features: Other, Basement
  • Flooring: Wood

Additional Information

  • Security/Safety: Alarm Monitored, Fire Extinguisher(s), Smoke or Fire Protectors, Carbon Monoxide Detector(s)

Location

  • Area: Green Oaks / Libertyville
  • County: Lake
  • Township: Libertyville
  • Driving Directions: Rt. 176 west of Rt 21 to building.
  • Location Details: North Suburban

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Utilities

  • Trash: 27

Structural Information

  • Construction: Wood, Masonite
  • Exterior Const.: Wood, Masonite
  • Foundation: Block
  • Sub-Flooring: Wood
  • Stories/Levels: 2
  • Square Feet: 1,863
  • Year Built: 1890
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 2
  • Units w/Range/Oven: 1
  • # Dryers: 1

Lot Features

  • Lot Size (Sq. Ft.): 17,034
  • Lot Dimensions: 100 x 170
  • Frontage: City Street, Public Road
  • Drainage: Floor Drains
  • Potential Use: Commercial, Multi-Family
  • Zoning: OFFIC

Financial Considerations

  • Lease Price: $25
  • Insurance Fee: $250
  • Other Fee: $100
  • Security Deposit: Alarm Monitored, Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
  • Assessment Year: 1890
  • Tax Amount: $12,099
  • Tax Year: 2024
  • Tenant Pays: Varies by Tenant
  • Pays Electric: 133
  • Pays Trash: 27

Disclosures and Reports

  • Property ID: 11211090020000

Listed by @properties Christie's International Real Estate

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— 137 W Park Ave —

  • @properties Christie's International Real Estate

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Schools serving 137 W Park Ave

School Districts:Libertyville Community High School District 128, Libertyville School District 70
NameGradesDistance
Rockland Elementary School
160 West Rockland Road, Libertyville, IL 60048
K-50.3 mi
Highland Middle School, Libertyville, IL
310 West Rockland Road, Libertyville, IL 60048
6-80.3 mi
Libertyville High School
708 West Park Avenue, Libertyville, IL 60048
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 137 W Park Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/30/2026
Listed
$675,000
58.82%
MLS
4/15/2022
Sold
$425,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 137 W Park Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,650
5%
$156,840
8%
2023
$11,120
4%
$144,660
4%
2022
$10,715
4%
$139,043
2%
2021
$10,319
3%
$136,050
2%
2020
$10,061
—
$133,762
1%
2019
$10,061
3%
$132,490
1%
2018
$9,815
3%
$131,791
3%
2017
$9,558
3%
$127,631
5%
2016
$9,261
1%
$121,011
7%
2015
$9,204
1%
$113,105
—
2014
$9,111
-2%
$113,105
1%
2013
$9,267
9%
$111,588
1%
2012
$8,480
—
$110,533
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by @properties Christie's International Real Estate

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137 W Park Avenue, Libertyville, IL 60048 (MLS# 12605207) is a Commercial property. 137 W Park Avenue is currently listed for $675,000 and was received on March 30, 2026. Want to learn more about 137 W Park Avenue? Do you have questions about finding other Commercial real estate for sale in Libertyville? You can browse all Libertyville real estate or contact a Coldwell Banker agent to request more information.

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