Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Grimm Rd Antioch, IL 60002
    Back to Search
    Property profile & analytics

    Grimm Rd Antioch, IL 60002

    View on Map
    • Land
    • 47.52 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Grimm Rd

    Lot size
    47.52 lot acres
    Property type
    Land

    Description

    This exceptional 47.52-acre parcel, located in Antioch, Illinois (60002), presents a unique investment opportunity. Situated at the intersection of IL Route 173 and West Grimm Road, this property boasts an M-1 Manufacturing - Limited zoning designation, with the Future Land Use Map indicating a Commercial Business District. Its strategic location offers unparalleled access to major transportation arteries, including the full interchange of Route 173 and Route 83, providing easy access to I-94 via Route 173. This prime location places the property on a premier commercial corridor, ensuring high visibility and accessibility. The property is also conveniently located near the Antioch Metra Station, offering daily commuter rail service to Chicago. The land is comprised of four parcels with PIN numbers: 02-17-200-044, 02-17-200-057, 02-17-403-001, and 02-17-403-002. Currently, the property enjoys tax-exempt status. The asking price is $6 per square foot. This presents a rare chance to acquire a substantial tract of land with significant development potential in a rapidly growing area. Detailed information and site plans are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.0799
    Latitude
    42.4664

    Comparable in this City

    • Value Estimation by Request
      13.47 Acres

      Rt 173 & Gregory Dr

      Land • 13.47 Acres
      0 Rt 173 & Gregory Dr, Antioch, IL 60002
      View Details
    • Value Estimation by Request
      1.50 Acres

      Victoria St

      Land • 1.50 Acres
      0 Victoria St, Antioch, IL 60002
      View Details
    • Value Estimation by Request
      3.21 Acres

      24816 Il-173

      Land • 3.21 Acres
      24816 Il-173, Antioch, IL 60002
      View Details
    • Value Estimation by Request
      0.47 Acres

      Neq Rt 83 &

      Land • 0.47 Acres
      0 Neq Rt 83 &, Antioch, IL 60002
      View Details
    • Value Estimation by Request
      9.78 Acres

      22458 Antioch Il Usa

      Land • 9.78 Acres
      22458 Antioch Il Usa, Antioch, IL 60002
      View Details
    • Value Estimation by Request
      72.94 Acres

      Rte 173 & Brown Rd

      Farms • 72.94 Acres
      0 Rte 173 & Brown Rd, Antioch, IL 60002
      View Details

    Similar Nearby for Sale

    • $50,000
      0.51 Acres

      Fox River Land Opportunity

      Land available on the Fox River in Antioch, Illinois.
      42479 N Forest Ln, Antioch, IL 60002
      View Details
    • Contact for pricing

      73 Acres of Raw Land

      73 acres of raw land for sale in Antioch, IL.
      Rte 173 & Brown Rd, Antioch, IL 60002
      View Details
    • Contact for pricing
      0.11 Acres

      Land For Sale, Antioch, IL

      Land available in Antioch, Illinois.
      22271 W Loon Dr, Antioch, IL 60002
      View Details
    • $32,108

      Land For Sale

      Land available in Antioch, Illinois.
      41016 N Ridge Cir, Antioch, IL 60002
      View Details
    • Contact for pricing

      172 Acres Available For Development

      172 acres m.o.l. available near Raven Glen Forest Preserve.
      20215 W Miller Rd, Antioch, IL 60002
      View Details
    • Contact for pricing

      172 Acres Development Opportunity

      172 acres available near Raven Glen Forest Preserve.
      20215 W Miller Rd, Antioch, IL 60002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,800 SF

      Retail Space in Antioch, Illinois

      Divisible retail spaces available with high visibility and access.
      1120-1140 S Main St, Antioch, IL 60002
      View Details
    • Contact for pricing
      57,922 SF

      Modern Retail/Office Complex in Antioch

      Modern retail/office complex near Antioch commuter train station.
      311 Depot St, Antioch, IL 60002
      View Details
    • Contact for pricing
      17,385 SF

      Antioch Industrial Warehouse For Rent

      Renovated 17,385 SF warehouse with heavy power and air conditioning.
      710 Anita Ave, Antioch, IL 60002
      View Details
    • $10 SF/Yr
      8,424 SF

      Retail Space in High-Traffic Area

      Retail spaces available in a densely populated shopping district.
      460-510 Orchard St, Antioch, IL 60002
      View Details
    • Contact for pricing

      Commercial Space in Antioch, IL

      1000 sq ft commercial space for contractors in Antioch.
      25433 W Il Route 173, Antioch, IL 60002
      View Details
    • Contact for pricing

      Retail Space in Antioch, IL

      Retail spaces available in high-traffic Antioch shopping corridor.
      636 Il -173 Rd, Antioch, IL 60002
      View Details
    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.
    Grimm Rd
    Antioch, IL 60002
    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
    Grimm Rd, 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!