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    40186 Illinois Rte 59 Antioch, IL 60002

    Sponsored
    For Sale
    $1,050,000

    10 Acres, High Visibility, R-3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 10-acre commercial land parcel presents a remarkable investment opportunity in Antioch, Illinois. Located at the southwest corner of the highly trafficked intersection of Illinois Route 59 and West Grass Lake Road, this property boasts a hard corner location with a signalized intersection ensuring maximum visibility and accessibility. The site is zoned R-3, offering flexibility for a variety of development options. A portion of the land is already improved, featuring a former bank branch building and an existing parking lot, providing a solid foundation for future development. Its strategic location offers excellent potential for a gas station, retail establishment, or residential project. The property's proximity to the Valley Ridge Golf Course and a local fire department further enhances its appeal and accessibility. The address is 40186 Illinois Route 59, Antioch, IL 60002, with an alternative address of 24659 W Grass Lake Rd. This is a rare opportunity to acquire a significant commercial land parcel in a thriving location with high visibility and development potential. The asking price is $1,050,000. Don't miss this chance to secure a prime piece of Lake County real estate.

    Property Features for 40186 Illinois Rte 59

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • $1,050,000 asking price for 10 acres of commercial land.
    • Located at 40186 Illinois Rte 59, Antioch, IL 60002 (also known as 24659 W Grass Lake Rd).
    • R‑3 zoning.
    • High‑visibility hard corner lot at the signalized intersection of Route 59 and W. Grass Lake Road.
    • Includes a former bank branch and parking lot.
    • Suitable for gas station, retail, or residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.112126
    Latitude
    42.447164

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    FAQs

    What type of property is this?
    Land - 10 Acres, High Visibility, R-3 Zoning
    Where is this land located?
    The property is located at 40186 Illinois Rte 59 Antioch, IL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: $1,050,000 asking price for 10 acres of commercial land.; Located at 40186 Illinois Rte 59, Antioch, IL 60002 (also known as 24659 W Grass Lake Rd).; R-3 zoning.
    Request Owner's contact information
    40186 Illinois Rte 59 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
    40186 Illinois Rte 59 Antioch, IL 60002
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