24816 Il-173 Antioch, IL 60002
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.