Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Modern Retail/Office Complex in Antioch Title is generated by Realmo AI

    311 Depot Street, Antioch, IL 60002

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    COMMERCIAL - Antioch, IL

    Property size:
    1,200 SF
    Lot size:
    1.33 Acres
    Added:
    Dec 6, 2025
    Days on Market:
    161
    Last Refresh:
    May 16 at 3:06 pm

    Property Features for 311 Depot Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active
    APN
    02081040980000
    Size
    1,200 SF
    Lot size
    1.33 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    41066

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Number of units
    10
    Building materials
    Brick, Concrete, Block, Steel Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Wayne Sobczak
    Wayne Sobczak

    Listing agent Wayne Sobczak License #471000681

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

    Listing date Dec 6, 2025

    MLS# 12526978

    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

    • Located at the Commuter Train Station Depot.
    • Modern retail/office complex in downtown Antioch.
    • Ample parking.
    • Suitable for various business types (salons, medical offices, retail, etc.).
    • Includes reception area, general work area, four offices, and storage room with mop sink.
    • Modern‑professional appearance.

    Overview

    Located at the Commuter Train Station Depot, the Depot Street Station Mall is a modern retail and office complex in downtown Antioch. The property is suitable for various businesses, including salons, medical offices, law offices, retail or wholesale operations, learning centers, coffee shops, and insurance agencies. The unit features a reception area measuring 22x11 feet, a general work area of 18x13 feet, and four offices, with two offices measuring 14x10 feet each and the other two measuring 11x8 feet each. A storage room with a mop sink, approximately 22x8 feet, is also included. The approximate total square footage of the unit is 1200. The property offers ample parking and a professional appearance. The lot size is 1.3297 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Klub Powderkeg Gym & Fitness Center Shah Jesika MD Physician Blending Families Counselor Dr. Christina A. Swanson, ... Pediatrician Valeri Galloway Physician

    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
    -88.0937047
    Latitude
    42.4809553

    Nearby Similar for Lease

    • Contact for pricing

      Commercial Building in Chain-O-Lakes

      Commercial building with frontage on Grass Lake Rd in Antioch, IL.
      25867 W Grass Lake Road, Antioch, IL 60002
      View Details
    • Contact for pricing

      Commercial Space in Antioch, IL

      1000 sq ft commercial space for contractors in Antioch.
      25433 W Il Route 173, Antioch, IL 60002
      View Details
    • Contact for pricing

      Upscale Office Space Available

      Upscale office spaces with included amenities for rent in Antioch.
      532 Lake Street, Antioch, IL 60002
      View Details
    • Contact for pricing
      6,800 SF

      Retail Space in Antioch, Illinois

      Divisible retail spaces available with high visibility and access.
      1120-1140 S. Main Street, Antioch, IL, 60002
      View Details
    • $7 SF/Yr
      17,385 SF

      Antioch Industrial Warehouse For Rent

      Renovated 17,385 SF warehouse with heavy power and air conditioning.
      710 Anita Ave, Antioch, IL
      View Details
    • $10 SF/Yr
      8,424 SF

      Retail Space in High-Traffic Area

      Retail spaces available in a densely populated shopping district.
      460-510 Orchard St, Antioch, IL
      View Details
    • Contact for pricing

      Retail Space in Antioch, IL

      Retail spaces available in high-traffic Antioch shopping corridor.
      636 Il -173 Road, Antioch, IL 60002
      View Details

    FAQs

    What type of property is this?
    Office units - Modern retail/office complex near Antioch commuter train station.
    Where is this office units located?
    The property is located at 311 Depot Street Antioch, IL.
    What are key features of this property?
    This property features: Located at the Commuter Train Station Depot.; Modern retail/office complex in downtown Antioch.; Ample parking.
    (847) 395-1010
    We can help!
    Listing Contact
    Wayne Sobczak
    Wayne Sobczak
    Real Estate License ID: 471000681
    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
    311 Depot Street, 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!