Skip To Content

197 Peterson Road , 191-197

Libertyville, IL 60048
  • $1,599,000
  • STATUS: Active
  • ON SITE: 80 Days
  • MLS #: 12519072
$1,599,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1999
County:
Area:

School Ratings & Info

Description

Discover an exceptional opportunity to secure a versatile commercial property located in a thriving business corridor. This well-maintained site offers excellent visibility, high traffic counts, and a strategic location surrounded by established retail, dining, and service destinations. Ideal for investors, owner-operators, or businesses seeking expansion, this property delivers the flexibility and functionality needed to support a wide range of commercial uses. Sutton Plaza features 5 individual units suitable for retail, service or office. Property consists of 38 dedicated parking spots, providing ample capacity for customers, staff, and deliveries, 11 drive-in bays, perfect for automotive services, logistics, warehousing, or other vehicle-accessible operations and is located close to the expressway, offering easy regional access and strong commuter traffic. With its combination of flexible unit layouts, generous parking, and drive-in capability, this property is designed to accommodate a range of tenants or a multi-use owner-occupant strategy. The strong neighboring commercial presence enhances both daily traffic and long-term investment value. Whether you're expanding your portfolio or establishing a new flagship location, this property offers the adaptability and market positioning to support continued growth and become a strong business in the area.

Monthly Payment Calculator



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2026-02-05T20:29:14.867 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.greaterchicagohomesearch.com/homes/170024250
Print Image

197 Peterson Road , 191-197 Libertyville, IL 60048

  • Price: $1,599,000
  • Status: Active
  • On Site: 80 Days
  • MLS #: 12519072
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1999
Built
Neighborhood:
Lake
County:
Lake
Area:
Lake
Property Description
Discover an exceptional opportunity to secure a versatile commercial property located in a thriving business corridor. This well-maintained site offers excellent visibility, high traffic counts, and a strategic location surrounded by established retail, dining, and service destinations. Ideal for investors, owner-operators, or businesses seeking expansion, this property delivers the flexibility and functionality needed to support a wide range of commercial uses. Sutton Plaza features 5 individual units suitable for retail, service or office. Property consists of 38 dedicated parking spots, providing ample capacity for customers, staff, and deliveries, 11 drive-in bays, perfect for automotive services, logistics, warehousing, or other vehicle-accessible operations and is located close to the expressway, offering easy regional access and strong commuter traffic. With its combination of flexible unit layouts, generous parking, and drive-in capability, this property is designed to accommodate a range of tenants or a multi-use owner-occupant strategy. The strong neighboring commercial presence enhances both daily traffic and long-term investment value. Whether you're expanding your portfolio or establishing a new flagship location, this property offers the adaptability and market positioning to support continued growth and become a strong business in the area.
Exterior Features

Frontage Type City StreetPaved Outdoor Parking 31-50 SpacesPrivate Lot

Interior Features

Cooling Central AirWindow Unit(s) Heat Ventilation Forced AirGas Miscellaneous Inside Private Restroom/s Number Of TLDocks 0

Property Features

Additional Parcels YN No Association Fee Frequency Not Applicable Building Area Total 13398 Current Use CommercialAutomotiveMedical/Dental Electric Circuit Breakers Fire Protection None Gross Income 91284 Leasable Area 13398 Mls Actual Status Active Net Operating Income 67793 Number Of Tenants 2 Property Offered For Sale Only Tax Annual Amount 23490.24 Tax Year 2024 Total Monthly Income 7607 Township Libertyville Type Retail/Stores Zoning COMMR

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Helen Oliveri Real Estate: 847-967-0022.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2026-02-05T20:29:14.867 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12519072-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12519072-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12519072-1.jpg
Logo
RE/MAX IMPACT
900 S. State Street Suite B
Lockport IL, 60441