Investment Overview

Marcus & Millichap is pleased to present Hilltop Executive Center, a well-occupied Office investment opportunity for qualified investors. This well-maintained office complex comprises two professional buildings totaling 86,880 square feet, strategically located with prime frontage along Milwaukee Avenue, just minutes from downtown Libertyville, Illinois. The property is currently 83.6 percent occupied by 82 tenants, including 31 healthcare-related businesses, underscoring the site's strong appeal to the medical services sector. A notable anchor is The Parched Pug, a popular local restaurant and bar located at the ground level between the buildings. The establishment drives significant foot traffic and contributes to tenant retention, while also serving as a draw for customers along the high-visibility Milwaukee Avenue corridor. Tenant stability remains strong—the average lease commencement is 2018, reflecting long-standing tenant relationships and consistent occupancy despite shorter lease terms. This presents a near-term value-add opportunity to increase cash flow by leasing the remaining vacant office suites and negotiating lease renewals to extend the weighted average lease term. Situated on 5.1 acres of prime Milwaukee Avenue frontage, the site includes a pond amenity facing Milwaukee Avenue and benefits from excellent visibility, with daily traffic counts averaging 32,900 vehicles. The location, land size, and zoning flexibility present additional potential as a covered land play, offering long-term upside into the future through redevelopment into retail or multifamily, consistent with surrounding area trends. In a market characterized by high barriers to entry, this offering represents a rare opportunity to acquire a cash-flowing asset with significant upside potential for both the short and long term.