Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Chain-O-Lakes Title is generated by Realmo AI

    23976 W Beach Grove Road, Antioch, IL 60002

    View on Map
    Claim this Listing
    For Sale
    $149,900

    LAND - Antioch, IL

    Lot size:
    6.10 Acres
    Added:
    May 2, 2026
    Days on Market:
    27
    Last Refresh:
    May 28 at 5:06 am

    Property Features for 23976 W Beach Grove Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SINGL
    Standard status
    Active
    APN
    02173000030000
    Lot size
    6.10 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4852

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Wayne Sobczak
    Wayne Sobczak

    Listing agent Wayne Sobczak License #29019-90

    Listing office Realty World Tiffany R.E. 549 Lake Street, Antioch, IL

    Listing date May 2, 2026

    MLS# 12636552 Listing URL

    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.

    HighLights

    • Rare 5.86‑acre residential lot in the desirable Chain‑O‑Lakes area.
    • Ensures long‑term privacy and space.
    • Ideal for custom home, estate, or private retreat.
    • Convenient to nearby shopping, schools, and amenities.
    • Easy access to lakes, boating, fishing, and year‑round outdoor recreation.
    • Natural gas available.

    Overview

    This 5.86-acre vacant residential lot is located in the Chain-O-Lakes region. The property offers privacy, space, and convenience. This large parcel is ideal for building a custom home, estate, or private retreat. It is conveniently located near shopping, schools, and amenities. The property is surrounded by natural beauty and recreational opportunities, with easy access to lakes, boating, fishing, and year-round outdoor activities. The property is a blank canvas for realizing a vision in a high-demand area. The lot size is 6.1 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.101505
    Latitude
    42.460439

    Nearby Similar for Sale

    • $599,900

      Commercial Office Space with Parking

      Commercial office building with parking and high-end finishes.
      505 Orchard Street, Antioch, IL 60002
      View Details
    • $950,000
      4,800 SF

      Sports Bar in Chain O Lakes

      Established sports bar with outdoor amenities on 1.5+ acres.
      26029 W Il Route 173 Highway, Antioch, IL 60002
      View Details
    • $895,000

      Lakefront Multifamily Investment Opportunity

      8-unit multifamily property with lake frontage and income potential.
      26198 W Spring Grove Road, Antioch, IL 60002
      View Details
    • $699,900

      Established Restaurant in Antioch, IL

      Thriving family restaurant in the Chain O'Lakes region.
      955 E 173 Route, Antioch, IL 60002
      View Details
    • $1,499,000
      18,900 SF

      Antioch Food Production Facility

      Refrigerated food production building between Chicago and Milwaukee.
      947 Carney Court, Antioch, IL 60002
      View Details
    • $680,000

      Prime Commercial Land in Antioch

      High-visibility commercial land with main road frontage near downtown Antioch.
      530 Main Street, Antioch, IL 60002
      View Details
    • $275,000

      Turn-Key Salon in Antioch

      Remodeled salon with prime Main Street location and parking.
      912 Main Street, Antioch, IL 60002
      View Details
    • $738,000

      Prime Land in Antioch, IL

      1.9 acres near busy intersection, ideal business opportunity.
      1207 Main Street, Antioch, IL 60002
      View Details
    • $134,900

      Commercial Land Near Chain O'Lakes

      Commercial land in Antioch, IL, near Chain O'Lakes.
      26175 W Route 173, Antioch, IL 60002
      View Details
    • $599,900

      Commercial Office Space with Parking

      Commercial office space with parking in Antioch, Illinois.
      505 Orchard Street, Antioch, IL 60002
      View Details
    • $950,000

      Value-Add Commercial Property For Sale

      Commercial property with income and potential for user/investor.
      41412 N Il Route 83, Antioch, IL 60002
      View Details
    • $78,000

      Flat Lot in Abbey Estates

      Cleared 0.63-acre lot ready for building in Antioch, IL.
      314 Abbey Lane, Antioch, IL 60002
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare 5.86-acre residential lot in the heart of Chain-O-Lakes.
    Where is this residential land & home lot located?
    The property is located at 23976 W Beach Grove Road Antioch, IL.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Rare 5.86‑acre residential lot in the desirable Chain‑O‑Lakes area.; Ensures long‑term privacy and space.; Ideal for custom home, estate, or private retreat.
    (847) 395-1010
    We can help!
    Listing Contact
    Wayne Sobczak
    Wayne Sobczak
    Real Estate License ID: 29019-90
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    23976 W Beach Grove Road, Antioch, IL 60002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!