Listing provided courtesy of Helen Oliveri Real EstateMREDas Distributed by MLSGrid- MLS# 12519072MLS Provider

197 Peterson Road #191-199Libertyville, IL 60048

Commercial · 13,398 Sq. ft.
$1,599,000 Active

197 Peterson Road #191-199 Overview

Time on Site:
224 days
Visits:
6

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.

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197 Peterson Road #191-199 Facts & Features

  • Type Commercial
  • Sq. ft. 13,398
  • Price/Sq.ft. $119

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Gross Income: 91284
  • Net Operating Income: 67793

Building Information

  • Year Built: 1999

Business Information

  • Current Use: Commercial,Automotive,Medical/Dental

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Green Oaks / Libertyville
  • Township: Libertyville

Tax Information

  • Tax Annual Amount: $23,490.24
  • Tax Year: 2024

General Information

  • Parcel Number: 11084030091000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 13398

General Information

  • Cooling: Central Air, Window Unit(s)
  • Electric: Circuit Breakers
  • Leasable Area: 13398
  • Stories: 1

Unit Information

  • Unit SqFt.: 13398
  • Unit Number: 191-199

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street,Paved
  • Lot Size Dimensions: 100 x 299
  • Lot Size Square Feet: 29900

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 5

197 Peterson Road #191-199 Neighborhood

Community

60048 (Libertyville) Demographics

44
Median Age
1,041
Population Density (per sq. mile)
75%
College Educated
$151,816
Estimated Median Income
8,680
Estimated Total Home Owners
1,735
Estimated Total Renters
83% / 17%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

197 Peterson Road #191-199 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

197 Peterson Road #191-199 Market Data

Based on the last 30 days in this zip code

$927,385
Average List Price
$323
Average Price per Square Foot
32
Properties Sold
44
Average Days on Market
119
Properties for Sale
Calculations provided by Reliance Network

197 Peterson Road #191-199 History

Date Event Value Agent
11/22/2025Source: MRED Status Change
Active
11/17/2025Source: MRED Added to Database
November 17, 2025