Property profile

24576 Grass Lk Rd Antioch, IL 60002

OFF-MARKET
Commercial land
Property ID
US28-2345435
3 ac lot
Trust Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.63-acre commercial land parcel presents a remarkable investment opportunity in the thriving Antioch, Illinois market. Located at 24576 W Grass Lake Rd, this property boasts a highly desirable General Commercial (GC) zoning designation within Lake County, offering unparalleled flexibility for a wide range of commercial ventures. The site benefits from excellent visibility and accessibility, situated just west of the heavily trafficked intersection of Grass Lake Road and Route 59. Enjoy significant frontage along Grass Lake Road, capitalizing on the substantial daily traffic volume of approximately 8,200 vehicles. Further enhancing its strategic location, the property is also conveniently positioned near Route 59, which sees approximately 8,250 vehicles daily. The property's APN is 02-19-300-001, and its annual property taxes are $4,934. This exceptional location, combined with its generous size and favorable zoning, makes this land ideal for a variety of commercial developments. The property is offered subject to a successful offer. Don't miss this chance to secure a prime commercial location in a rapidly growing area. Act quickly, as this opportunity is unlikely to last.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 3 ac (130,680 SF)
APN 02-19-300-001
UPID US28-2345435

Cap rate & NOI

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

Location

24576 Grass Lk Rd Antioch, IL 60002
Antioch metro Census 860809 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$150k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2024
Last sale
$150,000
2 recorded transactions
2024
$150,000
2002
Price N/A

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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