As the commercial landscape of Libertyville continues to evolve, several developments both approved and under review, are poised to redefine the local real estate market. For any business seeking office space in Libertyville or expanding into industrial space in Libertyville, staying on top of these updates is essential. Whether you’re an investor, a tenant, or a commercial real estate agent in Libertyville, here’s a breakdown of what’s coming next.
Set at the northeast corner of Lake Street and Brainerd Avenue, this mixed-use proposal is moving through final stages of review. The Plan Commission recommended approval on March 31, 2025, and the Village Board will soon vote on it. This project could bring a fresh blend of retail and office space if approved, increasing downtown foot traffic and elevating surrounding property values.
While initially denied by the Village Board in August 2024, the applicant behind this historic site is revisiting plans. Redevelopment of the iconic Liberty Theater can potentially add creative workspace, boutique retail, or flexible event use. This site remains a wildcard with substantial upside.
Scheduled for a public hearing on April 28, 2025, this project at 118 W. Cook Ave could introduce additional residential density with integrated commercial components. Transit-adjacent and walkable, Greenway Chase could help meet demand for smaller office space with live-work-play amenities.
Also located at 118 W. Cook Ave, the Meyer Subdivision is up for review again on April 14, 2025. This project’s impact will depend on density and zoning—there may be opportunities for smaller professional or medical office space, adding new options just off the Village center.
Construction is underway at this strategic site, potentially bringing new flex or medical office use to Libertyville’s growing corridor. It will be a draw for regional firms looking for quality office space with commuter access just minutes from the Tri-State Tollway.
This medical buildout shows the growing demand for healthcare-focused space. Expect ripple effects in adjacent sites, as ancillary providers (therapy, wellness, specialty care) look to co-locate near anchor medical tenants.
This industrial park is actively leasing, offering state-of-the-art industrial space in Libertyville. Located just off Peterson Road, this project brings new light manufacturing and logistics potential to the area—ideal for firms outgrowing older facilities or entering the Lake County market.
This mixed-use development is currently under construction. While retail is the headline use, early indications suggest Liberty Junction will also feature boutique office space, ideal for service firms, attorneys, and creative professionals seeking visibility and walkability.
This public-private project, now under construction, brings institutional energy to Libertyville’s civic corridor. Depending on its final use, the ROCF building may indirectly increase demand for nearby office space, particularly among nonprofits and county-adjacent services.
These projects—spread across Libertyville’s downtown core, commercial corridors, and industrial zones—are collectively reshaping the market. For those seeking industrial space in Libertyville, new supply at 45Peterson LLC and potential future phases at iPark are vital. On the office side, the blend of medical, professional, and tech spaces in projects like Innovation Park and Butterfield Road show a diversification of demand.
Moreover, the redevelopment potential at the Liberty Theater and the NEC Lake & Brainerd site underscores the Village’s openness to transformation, an encouraging signal for developers and commercial real estate agents in Libertyville who can help connect the dots between underused land and high-potential use.
Final Thoughts
As Libertyville grows, so does its value as a commercial destination. These developments are not just buildings but signals of long-term confidence in the local market. Whether you’re investing, relocating, or developing, now is the time to engage with a knowledgeable commercial real estate agent who understands both the opportunities and the zoning maps.
Want help navigating these opportunities? Reach out today, we’re tracking every square foot.
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