Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Antioch Commercial Land For Sale Title is generated by Realmo AI

    26175 W Route 173, Antioch, IL 60002

    View on Map
    Claim this Listing
    For Sale
    $144,900

    COMMERCIAL - Antioch, IL

    Lot size:
    0.17 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    20
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for 26175 W Route 173

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active
    APN
    01142050010000
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3751

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Septic Tank
    Cooling system
    Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1965
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Carpet, Wood
    Building materials
    Wood, Vinyl Siding, Cedar
    Roof type
    Composition

    We can help!

    Listing Contact
    Ryan Ivemeyer
    Ryan Ivemeyer

    Listing agent Ryan Ivemeyer License #471021972

    Listing office O'Neil Property Group, LLC 201 E. Veterans Parkway, Yorkville, IL

    Listing date Apr 27, 2026

    MLS# 12627986

    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

    • Commercial/recreational zoning allows for flexible use.
    • Prime location in the Chain O'Lakes area, west of Antioch on Route 173.
    • High visibility due to steady traffic flow.
    • Approximately half‑acre lot size.
    • Proximity to nearby lakes enhances recreational appeal.
    • Utilities include Natural Gas Available.

    Overview

    Located just west of Antioch along Route 173, this commercial land is approximately 0.17 acres. The property benefits from commercial/recreational zoning, offering flexibility for a range of potential uses. The location experiences steady traffic and is surrounded by nearby lakes, adding to its appeal for establishing a presence or investing in a well-known recreational area. The property offers strong potential due to its visibility, zoning, and location. This sale is based on the completion of a prior transaction.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.0522
    Latitude
    42.4721

    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
    • $599,900

      Commercial Office Space with Parking

      Commercial office space with parking in Antioch, Illinois.
      505 Orchard Street, Antioch, IL 60002
      View Details
    • $299,000

      Cottage in Antioch, Illinois

      Cottage property for sale in Antioch, Illinois.
      40286 N West Shore Drive, 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?
    Commercial land - Commercial land near Chain O'Lakes, suitable for various uses.
    Where is this commercial land located?
    The property is located at 26175 W Route 173 Antioch, IL.
    What is the asking price?
    The asking price for this property is $144,900.
    What are key features of this property?
    This property features: Commercial/recreational zoning allows for flexible use.; Prime location in the Chain O'Lakes area, west of Antioch on Route 173.; High visibility due to steady traffic flow.
    (630) 788-7273
    We can help!
    Listing Contact
    Ryan Ivemeyer
    Ryan Ivemeyer
    Real Estate License ID: 471021972
    Learn More
    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
    26175 W Route 173, 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!