116 Peterson Rd - Retail FOR SALE


Libertyville, IL 60048
$1,895,000 USD
630-570-2238
116 Peterson Rd, Libertyville, IL for Sale
$1,895,000 USD
Retail - FOR SALE
1/9
null | 7.51% Cap Rate

116 Peterson Rd
Libertyville, IL 60048


HIGHLIGHTS

  • 100 Percent Occupied Retail Strip | Long-Term Tenants
  • Value-Add Opportunity Through Converting Gross Leases to Net Leases
  • Property has Frontage along Peterson Road, which Sees 28,800 Vehicles per Day
  • Average Household Income of $197,370 within a Mile Radius
  • 34,352 People Live and 46,331 People Work within a Three-Mile Radius

OVERVIEW

This retail strip in Libertyville, Illinois is 100 percent occupied by long-operating tenants, with several businesses in place since 2006 and 2011. All tenants have annual rental increases and there is additional value-add potential by converting existing gross leases into net leases. The property offers excellent visibility and accessibility along Peterson Road (28,800 VPD), near the signalized intersection with N Milwaukee Avenue (24,100 VPD), and just minutes from Interstate-94 (135,200 VPD). The site benefits from strong regional connectivity, located 1.6 miles from the Libertyville Metra Train Station, which saw nearly 3.4 million riders in 2024. Surrounding demand drivers include national retailers, abundant local businesses, two nearby schools, and a major auto dealership corridor. The area boasts an affluent customer base, with average household income of $197,370 within one mile and more than 34,000 residents and 46,000 workers within three miles.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

7.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Libertyville Retail Strip

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

C-3, Libertyville

APN/PARCEL ID

11-09-100-014

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.