# 197 Peterson Road, Libertyville, IL 60048

> **TL;DR:** commercial, $1,599,000, built 1999.
> A/C. Est. $6,929/mo. Listed 196 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,599,000 |
| Year Built | 1999 |
| Lot Size | 29,900 sqft (0.69 acres) |
| Stories | 1 |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 196 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,929 |
| **Total** | **$6,929** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1999
- 0.69 acre lot

## Description

### Agent 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.

## Location

- **Address:** 197 Peterson Road, Libertyville, IL 60048
- **County:** Lake

## Listing Agent

- **Name:** Helen Oliveri
- **Brokerage:** Helen Oliveri Real Estate
- **Phone:** (847) 967-0022
- **Email:** helen@helenoliveri.com

## Primary Photo

![197 Peterson Road - Primary Photo](http://lh.rdcpix.com/237a37f3eb6be5d4a1a39447882309c6l-f2312619924r.jpg)

*28 total photos available on [listing page](https://www.propertysimple.com/listing/197-peterson-road-libertyville-il-60048-12519072)*

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**MLS#:** 12519072 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/197-peterson-road-libertyville-il-60048-12519072)

---

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