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Investment Highlights
- Viking Park office complex is home to 14044, 14047, 14048, and 10452 W Petronella Drive buildings, each offering one or more condos for sale.
- Value-add office condo portfolio with positive cashflow in place, despite vacancy, which creates upside via leasing momentum and ROI.
- Affluent suburb with over 56% of the 5-mile residents having a bachelor’s degree or higher, and the average household income exceeding $153,150.
- Approximately 1 mile from the entrance/exit to Interstate 94, providing excellent accessibility from the North Shore to Chicago.
- Libertyville is about 37 miles north of Chicago and 60 miles south of Milwaukee, an ideal middle ground for professionals and industrial logistics.
- Trade transportation and utilities, education and health services, professional and business services, and manufacturing employ the largest sectors.
Executive Summary
Positioned within Chicago’s expansive and globally recognized market, this portfolio of 10 office, flex, and industrial condominium units at Viking Park in Libertyville, Illinois, offers investors a compelling opportunity to acquire a diversified asset collection in a highly accessible suburban location.
The property features a mix of commercial spaces, private office suites, and warehouse units, with convenient access to major regional transportation routes and Chicago O’Hare International Airport, approximately 25 miles away. With an average of approximately 2,000 square feet per unit, the condos are well-suited to a broad range of small businesses, professional services, and light industrial users.
The portfolio presents an attractive value-add investment profile, with a combination of occupied and vacant units that creates the potential to increase cash flow through lease-up and the achievement of market-rate rents. This built-in upside is especially appealing for investors seeking to expand their professional office and flex-industrial holdings within an established business park environment. The flexible unit mix supports multiple leasing strategies and provides exposure to a diverse tenant base, helping mitigate concentration risk.
Libertyville benefits from a strong economic foundation driven by leading employers across healthcare, life sciences, manufacturing, education, and engineering sectors, including Hollister Incorporated, Medline Industries, Valent BioSciences, Ombudsman Educational Services, and Aldridge. More broadly, the Chicago metropolitan area remains one of North America’s most dynamic employment centers, anchored by major corporate headquarters, advanced manufacturing operations, and a rapidly growing life sciences ecosystem. Continued investment by global companies across professional services, healthcare, technology, logistics, and industrial sectors reinforces long-term demand for office, flex, medical, and light industrial space, positioning Viking Park to benefit from the depth and resilience of one of the world’s premier business markets.
Capitalize on the opportunity to acquire a diversified portfolio of office, flex, and industrial condominiums in one of Chicagoland’s most established suburban business corridors. With in-place income, lease-up potential, and exposure to the region’s thriving professional services, healthcare, manufacturing, and life sciences sectors, Viking Park offers investors a compelling combination of current cash flow and future value-add.
Property tours are by appointment only. Please contact the listing broker to schedule.
The property features a mix of commercial spaces, private office suites, and warehouse units, with convenient access to major regional transportation routes and Chicago O’Hare International Airport, approximately 25 miles away. With an average of approximately 2,000 square feet per unit, the condos are well-suited to a broad range of small businesses, professional services, and light industrial users.
The portfolio presents an attractive value-add investment profile, with a combination of occupied and vacant units that creates the potential to increase cash flow through lease-up and the achievement of market-rate rents. This built-in upside is especially appealing for investors seeking to expand their professional office and flex-industrial holdings within an established business park environment. The flexible unit mix supports multiple leasing strategies and provides exposure to a diverse tenant base, helping mitigate concentration risk.
Libertyville benefits from a strong economic foundation driven by leading employers across healthcare, life sciences, manufacturing, education, and engineering sectors, including Hollister Incorporated, Medline Industries, Valent BioSciences, Ombudsman Educational Services, and Aldridge. More broadly, the Chicago metropolitan area remains one of North America’s most dynamic employment centers, anchored by major corporate headquarters, advanced manufacturing operations, and a rapidly growing life sciences ecosystem. Continued investment by global companies across professional services, healthcare, technology, logistics, and industrial sectors reinforces long-term demand for office, flex, medical, and light industrial space, positioning Viking Park to benefit from the depth and resilience of one of the world’s premier business markets.
Capitalize on the opportunity to acquire a diversified portfolio of office, flex, and industrial condominiums in one of Chicagoland’s most established suburban business corridors. With in-place income, lease-up potential, and exposure to the region’s thriving professional services, healthcare, manufacturing, and life sciences sectors, Viking Park offers investors a compelling combination of current cash flow and future value-add.
Property tours are by appointment only. Please contact the listing broker to schedule.
Data Room Click Here to Access
- Purchase Agreement
Property Facts
| Sale Condition | Auction Sale | Status | Active |
| Type of Ownership | Fee Simple | Number of Properties | 10 |
| Sale Type | Investment | Total Building Size | 26,385 SF |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 10 |
| Total Building Size | 26,385 SF |
Properties
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Sale Advisor
Peter Cacciatore, President
Peter Cacciatore is President of Jos. Cacciatore &Co. Real Estate, where he began as a property manager in 1977. He also serves as President of Hunter Parking Inc; a Chicago based company that has served the parking needs of the Chicagoland Area for over two decades
Peter is a member of the National Association of Realtors, Chicago Association of Realtors, Mortgage Banks Association of America, and the International Council of Shopping Centers. He serves on the Board of Directors for the Near South Planning board, and has invested in a significant parcel of real estate in the South Loop area. He is also Chairman of the “Kids and Cops Walk” for the Chicago Patrolman’s Association.
Peter is a member of the National Association of Realtors, Chicago Association of Realtors, Mortgage Banks Association of America, and the International Council of Shopping Centers. He serves on the Board of Directors for the Near South Planning board, and has invested in a significant parcel of real estate in the South Loop area. He is also Chairman of the “Kids and Cops Walk” for the Chicago Patrolman’s Association.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Pace Zambito
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
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Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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10 2K+ SF Office/Flex Condo Portfolio
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