Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Office Space with Parking Title is generated by Realmo AI

    505 Orchard Street, Antioch, IL 60002

    View on Map
    Claim this Listing
    For Sale
    $599,900

    COMMERCIAL - Antioch, IL

    Type:Office
    Lot size:
    0.48 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    23
    Last Refresh:
    May 8 at 11:06 pm

    Property Features for 505 Orchard Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    02083050140000
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    17317

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet
    Building materials
    Wood, Synthetic Stucco
    Roof type
    Composition

    We can help!

    Listing Contact
    Ron Becker
    Ron Becker

    Listing agent Ron Becker License #471005547

    Listing office Re/Max Advantage 532 Lake St, Antioch, IL

    Listing date Apr 16, 2026

    MLS# 12621222

    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

    • Abundant private parking with over 30 spaces, a rare feature.
    • Building divided into 2 separate units for flexibility.
    • One unit is currently leased to a long‑term tenant, providing immediate income.
    • Main unit features high‑end finishes including oak trim and 6‑panel doors.
    • Over 1000 sq. ft. of dry basement space for storage.
    • Building constructed with wood and synthetic stucco, and a composition roof.

    Overview

    This commercial office space in Antioch, Illinois, presents an opportunity for ownership. The building is divided into two units separated by a foyer. The main unit, previously occupied by a financial advisor firm, features high-end finishes including oak trim and six-panel doors. It comprises five private offices, a supply room, a coffee room, a mechanical room, and a reception area, suitable for various professional uses. The second unit is currently leased to a massage and acupuncture office, which has been in operation for over six years. The basement area offers over 1000 square feet of storage space. The property includes a paved parking lot with over 30 parking spaces. The lot size is 0.48 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wells Fargo Advisors Financial Advisor CenterCoast Private Wealth ... Financial Advisor Reclaim Your Body ... Alternative Medicine Practice Lubkeman Wealth Management ... Financial Advisor Lyons Terrence R Law Firm

    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
    -88.1015291
    Latitude
    42.4794009

    Nearby Similar for Sale

    • $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
    • $950,000

      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
    • $2,600
      2,800 SF

      Antioch Commercial Unit For Sale

      2800 SF commercial unit near downtown Antioch.
      937 Carney Court, Antioch, IL 60002
      View Details
    • $1,499,000

      Antioch Food Production Facility

      Refrigerated food production building between Chicago and Milwaukee.
      947 Carney Court, 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
    • $299,000

      Cottage in Antioch, Illinois

      Cottage property for sale in Antioch, Illinois.
      40286 N West Shore Drive, 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
    • $375,000

      Leased Building in Downtown Antioch

      Fully leased building on a large lot in downtown.
      957 Victoria Street, Antioch, IL 60002
      View Details
    • Contact for pricing
      2,800 SF

      Antioch Flex Space For Sale

      2800 SF flex unit near downtown Antioch.
      937 Carney Court #10, Antioch, IL 60002
      View Details
    • Contact for pricing
      39,825 SF

      Antioch Industrial Building Available

      39,825 SF industrial building with office space for lease.
      905 Anita Ave, Antioch, IL
      View Details
    • $525,000

      Fully Occupied Multi-Family Property

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

    FAQs

    What type of property is this?
    Office building - Commercial office building with parking and high-end finishes.
    Where is this office building located?
    The property is located at 505 Orchard Street Antioch, IL.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Abundant private parking with over 30 spaces, a rare feature.; Building divided into 2 separate units for flexibility.; One unit is currently leased to a long‑term tenant, providing immediate income.
    (847) 293-6453
    We can help!
    Listing Contact
    Ron Becker
    Ron Becker
    Real Estate License ID: 471005547
    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
    505 Orchard 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!