Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Buildable Land in Antioch, IL Title is generated by Realmo AI

    22172 W Spruce Drive, Antioch, IL 60002

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    LAND - Antioch, IL

    Added:
    May 26, 2026
    Days on Market:
    2
    Last Refresh:
    May 27 at 1:06 pm

    Property Features for 22172 W Spruce Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    02212070210000

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    348

    We can help!

    Listing Contact
    Misael Chacon

    Listing agent Misael Chacon License #471.021523

    Listing office Beycome Brokerage Realty LLC 400 NW 26 Street, South Miami, IL

    Listing date May 26, 2026

    MLS# 12657849 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

    • Buildable lot verified by study to have no wetlands.
    • Wetland study, survey, and Lake County Early Assistance letter included.
    • Streamlined permitting process with Lake County Building Department.
    • Lot dimensions are 60 feet wide by 135 feet deep.
    • Requires septic and well, offering customization options.
    • Located in Lake County.

    Overview

    This property consists of a buildable lot, confirmed to have no wetlands based on a wetland delineation study performed by Baxter Woodman. The price includes the wetland study, survey, and a Lake County Early Assistance letter, designed to facilitate development. The lot dimensions are 60 feet wide by 135 feet deep. Obtaining a building permit will require plans for septic and well systems that adhere to the Lake County Health Department regulations, which offers a streamlined, integrated permitting process with the Lake County Building Department. The property is located in Antioch, IL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.065832
    Latitude
    42.454787

    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
    • $149,900

      Residential Lot in Chain-O-Lakes

      Rare 5.86-acre residential lot in the heart of Chain-O-Lakes.
      23976 W Beach Grove Road, 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

    FAQs

    What type of property is this?
    Land - Buildable lot with wetland study, survey, and early assistance letter.
    Where is this land located?
    The property is located at 22172 W Spruce Drive Antioch, IL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Buildable lot verified by study to have no wetlands.; Wetland study, survey, and Lake County Early Assistance letter included.; Streamlined permitting process with Lake County Building Department.
    (804) 656-5007
    We can help!
    Listing Contact
    Misael Chacon
    Real Estate License ID: 471.021523
    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
    22172 W Spruce Drive, 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!