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$429,000
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Property Description
401 E Park Avenue, an exceptionally well-maintained 3,900 total SF building located on the highly traveled Route 176, where over 13,700 vehicles pass by daily, offering maximum visibility and outstanding signage potential. Meticulously cared for and home to a successful retail business for the last 22 years, this property is poised to support your business success. Will you be the next to thrive here? Centrally located halfway between Chicago and Milwaukee, this location combines historic charm with modern-day accessibility. Just minutes from major interstates and positioned directly behind the North Shore Bike Trail, part of Lake County's impressive 200-mile trail network, you'll enjoy a steady flow of both commuter and recreational traffic. Whether you're launching your next retail venture or seeking a prime location for a medical or professional office, such as a dental practice or law firm, this adaptable space offers outstanding flexibility. Plus, with Libertyville's high average household income, your business will be well-supported by a community that values local service and quality. Take advantage of strong SBA owner-occupied financing options and make this well-positioned, move-in-ready property your business's next home. Don't miss your chance to own a piece of Libertyville's commercial legacy. Schedule your private tour today!
Full Property Details
Full Property Details for 401 E Park Ave
General
- Sold For: $429,000
- Taxes: $12,314 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12382240
- Added to Site: 227 day(s) ago
Additional Information
- Security/Safety: Sprinklers (Wet)
Location
- Area: Green Oaks / Libertyville
- County: Lake
- Driving Directions: 21 and 176, east to address.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Construction: Wood, Stucco
- Exterior Const.: Wood, Stucco
- Foundation: Concrete Perimeter
- Roof: Composition
- Ceiling Height: 20
- Stories/Levels: 2
- Square Feet: 3,908
- Year Built: 2000
Lot Features
- Lot Size (Sq. Ft.): 10,352
- Lot Dimensions: 50 x 176 x 50 x 176
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Sprinklers-Wet
- Assessment Year: 2000
- Tax Amount: $12,314
- Tax Year: 2024
Disclosures and Reports
- Property ID: 11212120320000
Listed by Baird & Warner
Sold by Baird & Warner
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Schools
Schools serving 401 E Park Ave
| Name | Grades | Distance |
|---|---|---|
Copeland Manor Elementary School 801 7th Avenue, Libertyville, IL 60048 | K-5 | 0.6 mi |
Highland Middle School, Libertyville, IL 310 West Rockland Road, Libertyville, IL 60048 | 6-8 | 0.5 mi |
Libertyville High School 708 West Park Avenue, Libertyville, IL 60048 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 401 E Park Ave
Date
Details
Price
Change
Source
10/31/2025
Sold
$429,000
-1.38%
MLS
8/03/2025
Price Reduced
$435,000
-2.25%
MLS
6/02/2025
Listed
$445,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
401 E Park Avenue, Libertyville, IL 60048 (MLS# 12382240) is a Commercial property that was sold at $429,000 on October 31, 2025. Want to learn more about 401 E 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.

