An exceptional opportunity to acquire a prime land in the heart of downtown Libertyville, ideally suited for a thoughtfully planned multifamily community. The site offers the ability to develop a master-planned project featuring a mix of luxury townhomes and condominiums or apartments, capitalizing on strong local demand, walkable amenities, and the area's continued growth. This irreplaceable downtown location provides close proximity to restaurants, shopping, Metra access, and community amenities-making it highly attractive to both end-users and renters seeking a high-quality suburban lifestyle with urban convenience. The property presents flexibility in design, density, and unit mix, allowing a developer to tailor the project to current market demand and maximize long-term value. Reach out for additional information, including preliminary financial analyses, proposed unit mix concepts, and surveys. Serious inquiries only.
| MLS # | 12536583 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 257 |
| Listing Provided By | Compass | Cory Green |
| Acreage | 0.24 |
|---|
| Utilities | Electricity Nearby, Natural Gas Nearby, Water Nearby |
|---|---|
| Sewer | Storm Sewer |
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 22575 |
| State | IL |
|---|---|
| County | Lake |
| City | Libertyville |
| Zip Code | 60048 |
| Area | Green Oaks | Libertyville |
| School District | Libertyville High School |
| Elementary School | Butterfield School |
| High School | Libertyville High School |
| Listing VS Median (in 60048) | |
Price: $2,399,000 low | high Med: $607,000 On site: 257 low | high Med: 66 | |
| State | IL |
|---|---|
| County | Lake |
| City | Libertyville |
| Zip Code | 60048 |
| Area | Green Oaks | Libertyville |
| School District | Libertyville High School |
| Elementary School | Butterfield School |
| High School | Libertyville High School |
| Listing VS Median (in 60048) | |
Price: $2,399,000 low | high Med: $607,000 On site: 257 low | high Med: 66 | |