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    1051 Il Route 59 Antioch, IL 60002

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    For Sale
    $2,641,600

    New construction retail property with a new 10-year lease.

    Property size:
    2,540 SF
    Lot size:
    0.92 Acres

    Property Features for 1051 Il Route 59

    General Information

    Size
    2,540 SF
    Lot size
    0.92 Acres

    Source: The Boulder Group - Corporate Agent Randy Blankstein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Construction Retail Property For Sale

    This retail property is positioned within the Chicago MSA in Lake County, Illinois. The property benefits from a new 10-year lease commencing in August 2025. The lease includes 10% rental escalations every 5 years. This is a new construction property located along Illinois Route 59, which sees 11,500 vehicles per day, and is in proximity to Illinois Route 173, with a traffic count of 12,900 vehicles per day. The surrounding community is affluent, with an average household income of $128,662 within a five-mile radius. The property is less than one mile from Antioch Community High School, which has 1,300 students. Neighboring retailers include Jewel-Osco, Ace Hardware, CVS Pharmacy, PNC Bank, Advance Auto Parts, McDonald’s, Chevrolet, and Ford. Over 48,000 people live within a five-mile radius. The property has a size of 2,540 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Walgreens Pharmacy, Jewel-Osco Pharmacy, Kathleen Siemsen, Lena Soldayeva, Trinh Tran

    Location Insight

    • Map
    • Local Demand
    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.1041965
    Latitude
    42.4742498

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    FAQs

    What type of property is this?
    Drug store - New construction retail property with a new 10-year lease.
    Where is this drug store located?
    The property is located at 1051 Il Route 59 Antioch, IL.
    What is the asking price?
    The asking price for this property is $2,641,600.
    What are key features of this property?
    This property features: - New construction; - New 10-year lease commencing in August 2025 (estimated); - Investment grade rated – S&P: BBB+
    (847) 562-8500
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    1051 Il Route 59 Antioch, IL 60002
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    Antioch, IL 60002
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    Realmo Value Estimation

    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.

    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.

    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
    1051 Il Route 59 Antioch, IL 60002
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