Spa & Wellness
For Sale
$275,000
912 Main Street, Antioch, IL 60002
The property includes central air conditioning and carries RTAIL zoning.
Property Size1,332 SF
Days on Market135
Property Features for 912 Main Street
General Information
Standard status
Active
Size
1,332 SF
Property subtype
Business Opportunity
Zoning
RTAIL
Taxes and HOA fees
Annual Taxes
$5,959
Amenities
Central Air
Building Details
Building Size
1,332 SF
Stories
1
Listing Agency:
Remax Advantage
(847) 529-2899
Listed By:
Daniel Vladic · License #475179975
(847) 529-2899
Source:
Evrealestate
Added: Apr 18
Changed: Aug 30
Last Checked: Aug 30 at 3:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Advantage
Investment Insights
Based on property information with market context.
This spa and wellness property at 912 Main Street includes central air conditioning and is identified with RTAIL zoning.
The property is positioned on Main Street, also designated as Route 83, just north of Lake Street and south of The Vegas Restaurant in Antioch, Illinois.
The property is positioned on Main Street, also designated as Route 83, just north of Lake Street and south of The Vegas Restaurant in Antioch, Illinois.
Key Highlights
- Central air conditioning
- RTAIL zoning
- On Main Street, also designated as Route 83
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,622
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$272,440
$272.4K
Cap Rate 7%
$194,600
$194.6K
Cap Rate 9%
$151,356
$151.4K
Market Conditions
NOI Build-Up for 1,332 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.0K $15.00/SF
− Vacancy
−$519 −$0.39/SF
EGI
$19.5K $14.61/SF
− OpEx
−$5.8K −$4.38/SF
NOI
$13.6K $10.23/SF
Area
Lake County, IL
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$272,440
Cap Rate 7%
$194,600
Cap Rate 9%
$151,356
Alternative Uses
Best Use
Retail
$194.6K
$170.3K – $227.0K
NOI $13,622 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$459.9K
$402.4K – $536.5K
NOI $32,192 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60002, IL
24,086
Population
10,526
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
95%
High-School Grad
33.3 sq mi
ZIP Area
723
Density / Sq Mi
$109,047
Median Household Income
$55,070
Median Earnings
$1,176
Median Rent
$287,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Circadian Health & Wellness Center — 935 Skidmore Dr, Antioch, IL 60002
- Karen's Holistic — 919 David St, Antioch, IL 60002
- Reclaim Your Body - Holistic Wellness — 505 Orchard St Ste 200, Antioch, IL 60002
- Open Road Essentials — 769 Cunningham Dr, Antioch, IL 60002
Frequently Asked Questions
What type of property is this?
Spa & wellness property - The property includes central air conditioning and carries RTAIL zoning.
Where is this spa & wellness property located?
The property is located at 912 Main Street Antioch, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Central air conditioning; RTAIL zoning; On Main Street, also designated as Route 83
