JLL Brokers $22 Million Sale Of Mixed-Use Property At 115 Lake Street Libertyville Illinois

The property involved in the transaction is a mixed-use asset located at 115 Lake Street in Libertyville, IL. The transaction price for this asset was $22,000,000, and it comprises a total of 34 units. The price per unit is $647,059. The property includes 25,147 square feet of fully leased retail space and has 41 parking spaces available. At the time of acquisition, the apartments were 97% occupied.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $22,000,000
• Units: 34
• Price Per Unit: $647,059
• Address: 115 Lake Street
• Market: Libertyville, IL
• Retail Space: 25,147 square feet
• Parking Spaces: 41
• Occupancy Rate: 97%

The transaction was supported by Associated Bank, which completed a loan of $16.5 million for the acquisition. JLL Capital Markets was responsible for arranging this financing. The brokers representing the deal were Annie Thomas, Merrick Evans, Patricia Heminger, and Philip Galligan from JLL.