40186 Illinois Rte Antioch, IL 60002
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.