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    515 Il-173 Antioch, IL 60002

    Sponsored
    For Sale
    $2,850,000

    High-yield, 2-tenant retail center

    Property size:
    7,026 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional Class A, 7,026 square-foot retail property in Antioch, IL, presents a compelling investment opportunity. Located on a 0.95-acre lot at the hard corner of IL Route 173 and Deep Lake Road, this single-story building boasts a prime location within a thriving retail corridor, benefiting from over 25,000 vehicles per day. The property is 100% occupied by Sherwin-Williams and Mattress Firm, both on long-term, net leases with multiple renewal options and significant rental increase potential. Built in 2006 and renovated in 2014, the center offers two suites totaling approximately 7,026 square feet. The property's strong tenant base, favorable lease terms, and strategic location near Walmart and Menards, along with other national retailers like ALDI, Starbucks, and Chase, ensure a stable and high-yielding investment. The property features a 6.25% cap rate and a Net Operating Income (NOI) of $178,220, with an asking price of $2,850,000. The surrounding area boasts a population of over 56,000 within a five-mile radius, exhibiting an average household income exceeding $129,000. This presents a rare opportunity to acquire a stabilized, high-performing retail asset in a robust market. The property's APN is 02-16-200-034-0000.

    Property Features for 515 Il-173

    General Information

    Property type
    Lifestyle centers
    Square Feet
    7,026 SF
    Class
    A
    Lot Size
    41,382 SF

    Building Details

    Year Built/Renovated
    2006/2014
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • 100% Occupancy, Two‑Tenant Retail Building
    • Net Leases with Recent Renewals
    • Significant Rental Growth Potential via Multiple Renewal Options
    • High‑Traffic Corner Lot in a Thriving Retail Area
    • Daily Traffic Count Exceeding 25,000 Vehicles
    • Pad Site in Walmart/Menards‑Anchored Center
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.06297566
    Latitude
    42.46636046

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield, 2-tenant retail center
    Where is this lifestyle center located?
    The property is located at 515 Il-173 Antioch, IL.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: 100% Occupancy, Two-Tenant Retail Building; Net Leases with Recent Renewals; Significant Rental Growth Potential via Multiple Renewal Options
    Request Owner's contact information
    515 Il-173 Antioch, IL 60002
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    Antioch, IL 60002
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    Realmo Value Estimation

    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.

    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.

    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
    515 Il-173 Antioch, IL 60002
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