A trophy mixed-use asset in the heart of downtown Libertyville has recently been sold for $4,500,000. The property, located at 516-530 N Milwaukee Avenue, offers a total of 20,000 square feet, with a price per square foot of $225. This beautifully restored historic property features 13 apartments, as well as over 10,000 square feet of retail and office space.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $4,500,000
• Address: 516-530 N Milwaukee Avenue
• Market: Libertyville, IL

Peter Karlis of Cornerstone Commercial Real Estate represented the sellers in this generational sale, while Hubert Cioromski of Troy Realty represented the purchasers. The deal was successfully facilitated by these experienced brokers, ensuring a smooth transaction for both parties involved.

This sale marks the transfer of a significant mixed-use asset in the heart of downtown Libertyville. The property's prime location, combined with its restored historic charm and diverse rental and commercial opportunities, make it an attractive investment. With Peter Karlis representing the sellers and Hubert Cioromski representing the purchasers, both parties can confidently move forward with this transaction.