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Property profile & analytics
OFF-MARKET
Banks

24659 Grass Lk Rd Antioch, IL 60002

4,630 SF 0.59 ac lot Built 1981
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US28-2533375
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1981
Construction FRAME
Total area 4,630 SF
Lot 0.59 ac (25,700 SF)
APN 02-19-300-043
UPID US28-2533375
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mon Ami Properties LLC · 8 yrs held
Mon Ami Properties LLC
since 2017
2 recorded transactions
2025
Price N/A
2017
$200,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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