327 S Milwaukee Avenue, Libertyville, IL 60048 - Photo 1

1/1

$650,000

Sold
Closed
Commercial
2,400 Sq. Ft.
Updated 10 hours ago

1/1

Property Description

RARE OPPORTUNITY - TURNKEY RESTAURANT/RETAIL BUILDING ON MILWAUKEE AVE, LIBERTYVILLE - For Sale or Lease | Prime Commercial Real Estate. An exceptional opportunity to own or lease a freestanding, fully remodeled commercial building on high-traffic Milwaukee Avenue in Libertyville. This rarely available property is zoned for commercial use and is ideally suited for an American-style restaurant, any food service concept, or retail business. Property Highlights:Turnkey operation - All fixtures, furniture, and kitchen equipment included. Freestanding building - Not part of a strip mall. Recently remodeled - Modern, updated, and ready for immediate use. High visibility location - On a busy main road with strong traffic counts. Ample on-site parking. Established business area - Proven track record of commercial success. Zoned C-2 Commercial - Flexible for various retail or food service uses. Motivated Seller - Willing to consider offers. Leasing Option: Available for lease at $5,500/month NN

Full Property Details

Full Property Details for 327 S Milwaukee Ave

General

Sold For: $650,000
Taxes: $13,607 (2024)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12462809
Added to Site: 216 day(s) ago

Interior

Interior Features: Public Restroom(s)

Location

Area: Green Oaks / Libertyville
County: Lake
Driving Directions: Corner of Milwaukee Ave & Lincoln Ave
Location Details: Central Business District, Corner, Public Transport Avail, High Traffic Area

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Ceiling Units, Forced Air, Gas

Structural Information

Stories/Levels: 1
Square Feet: 2,400
Current Bldg. Use: Commercial
Year Built: 2002

Lot Features

Lot Size (Sq. Ft.): 17,038
Lot Dimensions: 100 x 170
Frontage: City Street, Public Road, Paved
Zoning: COMMR

Financial Considerations

Lease Price: $28
For Sale/Rent/Lease: For Sale or Rent
Assessment Year: 2002
Tax Amount: $13,607
Tax Year: 2024
Tenant Pays: Air Conditioning, Electricity, Heat, Taxes, Insurance, Repairs, Scavenger, Sewer, All Utilities, Trash Collection

Disclosures and Reports

Property ID: 11212210140000

Listed by Fulton Grace Realty
Sold by RE/MAX Top Performers

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Listing agent

— 327 S Milwaukee Ave —

Fulton Grace Realty

vickie@colovos-soupos.com

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Schools

Schools serving 327 S Milwaukee Ave

School Districts:Libertyville Community High School District 128, Libertyville School District 70

Name	Grades	Distance
Rockland Elementary School 160 West Rockland Road, Libertyville, IL 60048	K-5	0.1 mi
Highland Middle School, Libertyville, IL 310 West Rockland Road, Libertyville, IL 60048	6-8	0.2 mi
Libertyville High School 708 West Park Avenue, Libertyville, IL 60048	9-12	0.7 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 327 S Milwaukee Ave

Date

Details

Price

Change

Source

4/08/2026

Sold

$650,000

-7.13%

MLS

9/03/2025

Listed

$699,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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327 S Milwaukee Avenue, Libertyville, IL 60048 (MLS# 12462809) is a Commercial property that was sold at $650,000 on April 08, 2026. Want to learn more about 327 S Milwaukee 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.

327 S Milwaukee Ave Libertyville, IL 60048