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Property profile & analytics
FOR LEASE
Retail space
311 Depot St, Antioch, IL 60002
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-1213943
For Lease
1 / 12
$1,990,000
311 Depot St, Antioch, IL 60002
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
FRAME
Total area
23,760 SF
Lot
1.8 ac (78,277 SF)
APN
02-08-104-098
UPID
US28-1213943
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
Current use
Occupant on record · Public records
-
Klub Powderkeg Gym & Fitness Center
-
Shah Jesika MD Physician
-
Blending Families Counselor Social Worker
-
Dr. Christina A. Swanson, MD Pediatrician Medical Clinic
-
Valeri Galloway Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$1.99M
Owner & transaction history
Pacific Plaza LLC · 3 yrs held
Pacific Plaza LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+36.0%
Apartment house (5+ units)
$2.7M
+25.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Antioch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Antioch submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,065,000
ML approach
$2,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,115,000
Current use
OFFICE BUILDING
$2,875,000
Change: +36% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,660,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,010,000
Change: -5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,835,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $1.94M (Sep 20 2022)
Last sale anchor
$1.94M
Sep 20 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$84 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$44,074
Tax year 2023
Assessed value
$571,059
Assessed 2023
Previous assessed
$392,404
+45.5% YoY
Effective rate
7.72%
On assessed value
Assessed land
$79,961
Assessed improvement
$491,098
Land market value
$239,907
Improvement market value
$1,473,441
Total market value
$1,713,348
Applied tax rate
4,034.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2003
Construction
FRAME
Heating
NONE
Buildings
2
Total area
23,760 SF
Lot
1.8 ac (78,277 SF)
APN
02-08-104-098
UPID
US28-1213943
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
FRAME
Heating
NONE
Buildings
2
Lot
1.8 ac
Current owner
From public records · entity-resolved
Pacific Plaza LLC
Entity
Mailing address
1163 WING PT WAY NE, BAINBRIDGE ISLAND, WA 98110-1924
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2022
—
Pacific Plaza LLC
—
Deed
related
$90,000 · Bank Of Springfield
Sep 20, 2022
$1,944,500
Pacific Plaza LLC
Depot Street Station Development Ll
Warranty Deed
$1,306,292 · Bank Of Springfield
May 21, 2014
—
Depot Street Station Dev LLC
Trust 88-123
Grant Deed
—
Aug 26, 2009
—
Depot Street Station Dev LLC
—
Trustees Deed
related
$2,172,313 · State Bank Of The Lakes
Oct 25, 2004
—
Depot Street Station Dev LLC
Trust 92-102
Grant Deed
$1,700,000 · State Bank Of The Lakes
—
—
Depot Street Station Dev LLC
—
Loan Modification
related
—
—
—
Depot Street Station Dev LLC
—
Deed Of Trust
related
$1,120,000 · State Bank Of The Lakes
—
—
Depot Street Station Dev LLC
—
Deed Of Trust
related
$1,810,000 · State Bank Of The Lakes
—
—
Depot Street Station Dev LLC
—
Deed Of Trust
related
$50,000 · State Bank Of The Lakes
—
—
Depot Street Station Dev LLC
—
Deed Of Trust
related
$100,000 · State Bank Of The Lakes
—
—
Depot Street Station Dev LLC
—
Loan Modification
related
—
—
—
Depot Street Station Dev LLC
—
Deed Of Trust
related
$99,622 · State Bank Of The Lakes
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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