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    24816 Il-173 Antioch, IL 60002

    • Land
    • 3.21 lot acres
    For Sale
    View listing
    $420,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 24816 Il-173

    Lot size
    3.21 lot acres
    Property type
    Land

    Description

    This exceptional 3.21-acre commercial land parcel in Antioch, Illinois, presents a compelling redevelopment opportunity. Located at 24816 IL-173, the property boasts a highly desirable location between two bustling marinas on the historic Chain of Lakes, benefiting from an average daily traffic count of 14,000 vehicles. Conveniently situated in the Village of Antioch, the land offers easy access to essential utilities, with sewer and water lines adjacent to the property. Its strategic proximity to I-94 (within 10 miles) further enhances its accessibility and market appeal. The property is offered fee simple and includes a three-bedroom home currently rented on a month-to-month basis. The asking price is $420,000, and the anticipated occupancy date for any new development is November 20, 2024. This Class A site presents numerous potential commercial uses, making it an ideal investment for developers seeking a high-traffic location with significant growth potential in a thriving community. The property is zoned for commercial use.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.1174
    Latitude
    42.4774

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    24816 Il-173
    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
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