Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    22744 W State Rte 173 Antioch, IL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with full entitlements on a premier corridor.

    Lot size:
    72.94 Acres

    Property Features for 22744 W State Rte 173

    General Information

    Lot size
    72.94 Acres

    We can help!

    Listing Contact
    Shamus Conneely
    Shamus Conneely
    Source: Moodyscre

    Listing Agency: John Greene Commercial Listing Agent: Shamus Conneely

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

    Learn more

    Overview

    Commercial Land on Route 173

    This commercial land is located on Route 173, a primary commercial corridor. The site benefits from convenient access to I-94, Route 83, Route 45, and Route 59. Metra service is available from Antioch to Chicago Union Station via the North Central Service. Antioch is open to new development concepts and alternate uses, such as senior living or single-family homes. Full entitlements are in place for a power retail center.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.0956396
    Latitude
    42.4772418

    Nearby Similar for Sale

    • $1,499,000
      18,900 SF

      Antioch Food Production Facility

      Refrigerated food production building between Chicago and Milwaukee.
      947 Carney Ct, Antioch, IL 60002
      View Details
    • $950,000
      1.03 Acres

      Antioch Commercial Property For Sale

      Commercial property in Antioch, Illinois, with income from existing tenants.
      41412 N Il Route 83, Antioch, IL 60002
      View Details
    • $299,000
      0.19 Acres

      Waterfront Cottages on Loon Lake

      Three waterfront cottages on Loon Lake, ideal for family or investment.
      40286 West Shore Dr, Antioch, IL 60002
      View Details
    • $599,900

      Commercial Office Space with Parking

      Commercial office space with parking in Antioch, Illinois.
      505 Orchard St, Antioch, IL 60002
      View Details
    • $375,000

      Leased Building in Downtown Antioch

      Fully leased building on a large lot in downtown.
      957 Victoria St, 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
    • $525,000

      Fully Occupied Multi-Family Rental Property

      Multi-family rental property with lake rights and income potential.
      40523 N Il Route 83, Antioch, IL 60002
      View Details
    • Contact for pricing

      Antioch Flex Space For Sale

      2800 SF flex unit near downtown Antioch.
      937 Carney Ct, Antioch, IL 60002
      View Details
    • $950,000
      13,500 SF

      Antioch Office Building - Prime Location

      High-Visibility Office Building with Drive-Thru
      41412 Il Route 83, Antioch, IL 60002
      View Details
    • $330,000
      2,233 SF

      Lakefront Antioch Workshop Haven

      Spacious pole barn, waterfront lot, income potential.
      41763 Riverview Ave, Antioch, IL 60002
      View Details
    • $1,850,000
      18,900 SF

      Prime Antioch Cold Storage Facility

      18,900 SF Refrigerated Warehouse, IL
      947 Carney Ct, Antioch, IL 60002
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land with full entitlements on a premier corridor.
    Where is this land located?
    The property is located at 22744 W State Rte 173 Antioch, IL.
    What are key features of this property?
    This property features: - Full entitlements in place for a power retail center.; - Conveniently located on Route 173, the premier commercial corridor in the area.; - Benefits from access to I-94, Route 83, Route 45 and Route 59.
    (630) 229-2290 Call to check price and availability
    Request Owner's contact information
    22744 W State Rte 173 Antioch, IL
    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.
    22744 W State Rte 173
    Antioch, IL
    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
    22744 W State Rte 173 Antioch, IL
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shamus Conneely
    Shamus Conneely
    Real Estate License ID: 471007958
    (630) 229-2290 (773) 814-3378
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!