545-547 N Milwaukee Ave 16,621 SF 95% Leased Retail Building Libertyville, IL 60048 $9,586,927 CAD ($576.80 CAD/SF) 5.09% Cap Rate

Lovinger Partners is proud to present this class A mixed use property is located in the heart of downtown Libertyville, an award winning downtown district located halfway between Chicago and Milwaukee in one of the countries top MSA's. 25,000 VPD and high foot traffic make this property a desirable asset for both investors and owner occupants. Make the 2nd floor your corporate headquarters, giving your team a an excellent work-play-live environment or for that savvy investor, make this a piece of your portfolio as a trophy asset and watch the appreciation skyrocket as Libertyville continues to be the county's top destination to both live and visit. This exceptional investment and owner-user opportunity is a premier mixed-use trophy asset situated in the heart of Libertyville's vibrant Downtown Core at 545-547 N Milwaukee Avenue.? Downtown Libertyville properties rarely change hands especially ones as turn key and stable.? This meticulously maintained two-story building perfectly blends historic architectural charm with high-end modern infrastructure.? For the owner-occupant, this property offers a rare chance to elevate your brand and your team's quality of life by establishing a corporate headquarters on the second floor.? The 7200 square foot modern open floor plan office suite provides a sophisticated workspace characterized by premium finishes and an abundance of natural light, fostering a true live-work-play environment where employees are steps away from award-winning dining, boutique shopping, the Metra station and residential neighborhoods.? The building is unique in that it features multiple tenants across its diverse floor plan, which significantly enhances investment stability through diversified income streams.? The current owner-occupant is prepared to vacate to accommodate your business or remain in place under a lease-back agreement, offering ultimate flexibility for your transition.? From an investor standpoint, this is a recession-resistant asset that allows you to add a high-performing trophy property to your portfolio.? The ground floor is anchored by two stable restaurant tenants signed to long-term leases, providing a reliable and diversified cash flow from day one.? The building is fully ADA compliant and all parking requirements have been satisfied, which is a significant competitive advantage in a dense downtown corridor.? Originally built in 1920 and significantly remodeled in 2008. Furthermore, the local economy is poised for even greater growth as Libertyville will be adding close to 300 residential units to its downtown district in the coming years.? This increase in density will help bolster the already high visibility and heavy pedestrian traffic, ensuring the long-term desirability and value of this downtown core location.?