Property profile

515 Il-173 Antioch, IL 60002

OFF-MARKET
Lifestyle centers
7,026 SF 0.95 ac lot Built 2006
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Property summary

AI-generated overview

This exceptional Class A, 7,026 square-foot retail property in Antioch, IL, presents a compelling investment opportunity. Located on a 0.95-acre lot at the hard corner of IL Route 173 and Deep Lake Road, this single-story building boasts a prime location within a thriving retail corridor, benefiting from over 25,000 vehicles per day. The property is 100% occupied by Sherwin-Williams and Mattress Firm, both on long-term, net leases with multiple renewal options and significant rental increase potential. Built in 2006 and renovated in 2014, the center offers two suites totaling approximately 7,026 square feet. The property's strong tenant base, favorable lease terms, and strategic location near Walmart and Menards, along with other national retailers like ALDI, Starbucks, and Chase, ensure a stable and high-yielding investment. The property features a 6.25% cap rate and a Net Operating Income (NOI) of $178,220, with an asking price of $2,850,000. The surrounding area boasts a population of over 56,000 within a five-mile radius, exhibiting an average household income exceeding $129,000. This presents a rare opportunity to acquire a stabilized, high-performing retail asset in a robust market. The property's APN is 02-16-200-034-0000.

Property profile

Verified
Property type Lifestyle centers
Year built 2006
Total area 7,026 SF
Lot 0.95 ac (41,382 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

515 Il-173 Antioch, IL 60002
Antioch metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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