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    Established Restaurant in Antioch, IL Title is generated by Realmo AI

    955 E 173 Route, Antioch, IL 60002

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    Claim this Listing
    For Sale
    $699,900

    COMMERCIAL - Antioch, IL

    Lot size:
    1.19 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    31
    Last Refresh:
    May 15 at 1:06 pm

    Property Features for 955 E 173 Route

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active
    APN
    99999999990000
    Lot size
    1.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    99999

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Building materials
    Brick

    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 Apr 15, 2026

    MLS# 12604899

    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

    • Thriving, well‑established family restaurant with a loyal customer base and strong community reputation.
    • Prime location in a high‑traffic area of Antioch, the Hub of the Chain O'Lakes region.
    • Multiple income streams: lunch, dinner, popular Sunday breakfast buffet, full bar, private gaming area, and catering potential.
    • Spacious dining area adaptable for banquets, private parties, and community events.
    • Turnkey operation, ideal for an owner‑operator or experienced restaurateur.
    • Inviting horseshoe‑style bar creating a strong social atmosphere.

    Overview

    This well-established family restaurant offers an opportunity to own a thriving business in Antioch, within the Chain O'Lakes region. The restaurant is known for its atmosphere and customer base, and has become a gathering place for locals and visitors. Open seven days a week, the business serves lunch and dinner daily, along with a breakfast buffet on Sundays. The dining area accommodates guests and serves as a venue for banquets, private parties, and community events. A horseshoe-style bar creates a social atmosphere and supports a full complement of beverages. A private gaming area, positioned out of view from the main dining and bar spaces, can provide an added revenue stream while maintaining the restaurant's family-friendly appeal. With its reputation, multiple income opportunities including catering, and location in a high-traffic area, this business is positioned for continued success and growth. The property is located at 955 E 173 Route, Antioch, IL 60002, in Lake County. The lot size is 1.19 acres. The zoning is COMMR. This is a turnkey operation with community roots, ideal for an owner-operator or an experienced restaurateur looking to expand.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.0522
    Latitude
    42.4721

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    FAQs

    What type of property is this?
    Conventional restaurant - Thriving family restaurant in the Chain O'Lakes region.
    Where is this conventional restaurant located?
    The property is located at 955 E 173 Route Antioch, IL.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: Thriving, well‑established family restaurant with a loyal customer base and strong community reputation.; Prime location in a high‑traffic area of Antioch, the Hub of the Chain O'Lakes region.; Multiple income streams: lunch, dinner, popular Sunday breakfast buffet, full bar, private gaming area, and catering potential.
    (847) 395-1010
    We can help!
    Listing Contact
    Wayne Sobczak
    Wayne Sobczak
    Real Estate License ID: 471000681
    Learn More
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    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.

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