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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    41412 N Il Route 83 Antioch, IL 60002

    • Office buildings
    • 13,647 SF
    • 1.04 lot acres
    For Sale
    View listing
    $950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1965522
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 41412 N Il Route 83

    Year built
    2004
    Construction
    FRAME
    Lot size
    1.04 lot acres
    Property size
    13,647 SF
    Property type
    Office buildings
    APN
    02-17-300-018
    APU
    217300018

    Description

    This exceptional 13,500 square foot office building presents a compelling investment or owner-user opportunity in the thriving Antioch, IL market. Strategically located on Route 83, this property boasts unparalleled visibility and accessibility, ensuring high traffic and brand recognition. Situated on a 1.04-acre lot, the building offers ample parking and convenient drive-thru lanes, enhancing its appeal to a wide range of businesses. The building's layout includes a first floor featuring approximately 5,000 square feet of readily available space, ideal for immediate occupancy or expansion. Currently, the second floor and lower level are occupied under existing leases, providing a stable income stream for investors. This property's prime location, substantial size, and existing lease agreements combine to create a rare and highly desirable commercial real estate offering. The combination of high visibility, convenient amenities, and income-generating potential makes this an exceptional investment opportunity in a rapidly growing area. Don't miss the chance to secure this exceptional property and capitalize on its significant potential. Contact us today to schedule a showing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,344,000
      Market price range: $829k - $2.64M
      AI Estimate
      $960,000
      Market price range: $691k - $1.50M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,650,000
      Current use
      AUTO REPAIR, GARAGE
      $2,385,000
      Change: +44% Conversion: Difficult
      RESTAURANT
      $2,330,000
      Change: +41% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,530,000
      Change: -8% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.0928
    Latitude
    42.465
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,366
    $46,924
    $225,219
    $272,143
    -
    $140,786
    $675,725
    $816,511

    Comparable in this City

    • Value Estimation
      $550,000
      10,384 SF

      543 Orch St

      OFFICE BUILDING • 10,384 SF
      543 Orch St, Antioch, IL 60002-3107
      View Details
    • Value Estimation by Request
      1,672 SF

      25220 Il Rte 173

      OFFICE BUILDING • 1,672 SF
      25220 Il Rte 173, Antioch, IL 60002-8350
      View Details
    • Value Estimation
      $760,000
      8,304 SF

      1326 Main St

      OFFICE BUILDING • 8,304 SF
      1326 Main St, Antioch, IL 60002-2181
      View Details
    • Value Estimation
      $525,000
      10,560 SF

      25451 Old Grass Lk Rd

      OFFICE BUILDING • 10,560 SF
      25451 Old Grass Lk Rd, Antioch, IL 60002-7934
      View Details
    • Value Estimation
      $1,350,000
      9,374 SF

      935 Skidmore Dr

      OFFICE BUILDING • 9,374 SF
      935 Skidmore Dr, Antioch, IL 60002-1547
      View Details
    • Value Estimation by Request
      3,925 SF

      439 Lk St

      OFFICE BUILDING • 3,925 SF
      439 Lk St, Antioch, IL 60002-1405
      View Details

    Similar Nearby for Sale

    • $949,000
      13,647 SF

      Three-Story Office Building For Sale

      Three-story office building with existing cash flow and drive-through lanes.
      41412 N Il Route 83, Antioch, IL 60002
      View Details
    • $950,000
      1.03 Acres

      Antioch Commercial Property For Sale

      Commercial property in Antioch, Illinois, with income from existing tenants.
      41412 N Il Route 83, Antioch, IL 60002
      View Details
    • $950,000
      13,500 SF

      Antioch Office Building - Prime Location

      High-Visibility Office Building with Drive-Thru
      41412 Il Route 83, Antioch, IL 60002
      View Details
    • $330,000
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      Lakefront Antioch Workshop Haven

      Spacious pole barn, waterfront lot, income potential.
      41763 Riverview Ave, Antioch, IL 60002
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      Land For Sale Near Retail

      Vacant land suitable for retail, medical, sports, or PUD.
      22458 Il Route 173, Antioch, IL 60002
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    • $34,900

      Buildable Lot Near Antioch Downtown

      Buildable lot close to downtown Antioch, parks, and Chain O'Lakes.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Building in Chain-O-Lakes Heart

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      View Details
    • $12 SF/Yr

      Serviced Offices with Included Amenities

      Upscale serviced offices with utilities and amenities included for rent.
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      View Details
    • Contact for pricing
      57,935 SF

      Modern Retail/Office Complex in Antioch

      Modern retail/office complex near the Commuter Train Station Depot.
      311 Depot St, Antioch, IL 60002
      View Details
    • $9 SF/Yr
      2,150 SF

      Prime Antioch Office Space

      2,150 SF Office, Great Location
      426 Orchard St, Antioch, IL 60002
      View Details
    • Contact for pricing
      39,825 SF

      Antioch Industrial Building Available

      39,825 SF industrial building with office space for lease.
      905 Anita Ave, Antioch, IL 60002
      View Details
    • Contact for pricing

      Downtown Antioch Storefront For Rent

      Storefront in downtown Antioch with additional storage space.
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      View Details
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    Antioch, IL 60002
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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