24659 Grass Lk Rd Antioch, IL 60002
This exceptional 4,144 square foot single-story office building presents a unique investment opportunity in Antioch, Illinois. Situated on a substantial 10-acre lot at the corner of Fox Lake Road and County A10, this property boasts high visibility and excellent car traffic. The building, constructed in 1981, features 20 parking spaces and is zoned R-3, offering considerable flexibility for future development. Previously occupied by First Midwestern Bank, the building includes a convenient drive-through. Its prime location offers easy access to prominent retailers and restaurants, and its proximity to a golf course and fire department adds to its appeal. The expansive acreage provides significant potential for expansion into commercial, retail, or other development ventures. This property is ideally located in a densely populated area near the Wisconsin border, ensuring a strong potential for tenant occupancy and future growth. The single-tenant occupancy provides a stable foundation for immediate income generation, while the substantial land area offers significant upside potential for future development and expansion. This is a rare opportunity to acquire a well-located, versatile property with significant growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.