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    42489 N Forest Ln Antioch, IL 60002
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    42489 N Forest Ln Antioch, IL 60002

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    • Commercial real estate
    • 0.57 lot acres
    For Sale
    $150,000
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    Land on Fox River For Sale
    $150,000
    0.57 Acres

    Land on Fox River

    Heavily wooded land with potential on the Fox River.

    42489 N Forest Lane, Antioch, IL 60002
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    Property ID
    US28-1431919
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 42489 N Forest Ln

    Lot size
    0.57 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.57-acre residential land parcel presents a unique opportunity in Antioch, Illinois. Located on Forest Lane (42489 N Forest Ln, Antioch, IL 60002), this property boasts a prime location with access to the Fox River. The sale is categorized as a distressed sale, with an asking price of $150,000. The land is heavily wooded and includes two sheds and a significantly damaged house that requires removal or complete rebuilding. Buyers should be aware that the existing structure is not habitable and will necessitate substantial work. This lot is one of five available lots (Lots 21, 22, and 23 are included in this listing; other lots are available via separate listings). Parcel numbers for this listing are 0110304004, 0110304003, and 0110304009. Prospective buyers are responsible for conducting their own due diligence regarding building codes and permits. All inquiries concerning building regulations should be directed to Lake County officials or a qualified builder. Unauthorized entry onto the property is strictly prohibited. A dimension map is available upon request. Lots 26 and 27 are available via a separate MLS listing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Antioch
    County
    Lake
    State
    Illinois
    Longitude
    -88.1747208
    Latitude
    42.4806936

    Comparable in this City

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      Land For Sale Near Retail

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      Fox River Land Opportunity

      Land available on the Fox River in Antioch, Illinois.
      42479 N Forest Ln, Antioch, IL 60002
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      Land For Sale, Antioch, IL

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      Antioch, IL Land For Sale

      Residential land and home lots available in Antioch, Illinois.
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      0.28 Acres

      Land For Sale, Antioch, IL

      Commercial land available in Antioch, Illinois.
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    Similar Nearby for Sale

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      Fully Occupied Multi-Family Property

      Multi-family rental property with lake rights and income potential.
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      73 Acres of Raw Land

      73 acres of raw land for sale in Antioch, IL.
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      50 Acres with Solar Farm

      50 acres annexed into Antioch with leased solar farm.
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      Antioch Corporate Center Land Site

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      Residential Lot Near Lake Marie

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      Prime Commercial Land in Antioch

      High-visibility commercial land with main road frontage near downtown Antioch.
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    Similar Nearby for Lease

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      Retail Space in Antioch, IL

      Retail spaces available in high-traffic Antioch shopping corridor.
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      Commercial Space in Antioch, IL

      1000 sq ft commercial space for contractors in Antioch.
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      6,800 SF

      Retail Space in Antioch, Illinois

      Divisible retail spaces available with high visibility and access.
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      Modern Retail/Office Complex in Antioch

      Modern retail/office complex near Antioch commuter train station.
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      17,385 SF

      Antioch Industrial Warehouse For Rent

      Renovated 17,385 SF warehouse with heavy power and air conditioning.
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    • $10 SF/Yr
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      Retail Space in High-Traffic Area

      Retail spaces available in a densely populated shopping district.
      460-510 Orchard St, Antioch, IL 60002
      View Details
    View Listing
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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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    42489 N Forest Ln, Antioch, IL, 60002
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