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Property profile & analytics
OFF-MARKET
Land

40186 Illinois Rte Antioch, IL 60002

10 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10-acre commercial land parcel presents a remarkable investment opportunity in Antioch, Illinois. Located at the southwest corner of the highly trafficked intersection of Illinois Route 59 and West Grass Lake Road, this property boasts a hard corner location with a signalized intersection ensuring maximum visibility and accessibility. The site is zoned R-3, offering flexibility for a variety of development options. A portion of the land is already improved, featuring a former bank branch building and an existing parking lot, providing a solid foundation for future development. Its strategic location offers excellent potential for a gas station, retail establishment, or residential project. The property's proximity to the Valley Ridge Golf Course and a local fire department further enhances its appeal and accessibility. The address is 40186 Illinois Route 59, Antioch, IL 60002, with an alternative address of 24659 W Grass Lake Rd. This is a rare opportunity to acquire a significant commercial land parcel in a thriving location with high visibility and development potential. The asking price is $1,050,000. Don't miss this chance to secure a prime piece of Lake County real estate.

Property profile
Verified
Property type Land
Lot 10 ac (435,600 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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