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501 E Il Route 173
Antioch, IL 60002
Arby's · Retail Property For Sale
Executive Summary
Established Tenant: Arby’s is a globally recognized quick-service restaurant (QSR) brand with over 3,400 locations, offering an investor the security of a proven, recession-resistant corporate operator.
Below Replacement Cost: The property is equipped with a drive-thru and priced well below replacement cost for new construction QSR buildings, providing strong residual value for an investor.
Primary Commercial Corridor: Route 173 is the area’s main east/west thoroughfare, connecting Antioch and the surrounding area to I-94, providing consistent, daily traffic to the site, which is anchored by Walmart Supercenter and Menards.
Targeted Expansion Zone: The Village of Antioch is heavily investing in the Route 173 corridor. With the nearby Antioch Corporate Park expanding and active plans to add over a million square feet of commercial and light industrial space to the area, the daytime population and built-in lunch crowd are positioned for significant growth.
Favorable Demographics: Antioch offers an affluent, family-oriented demographic profile with strong average household incomes, ensuring robust discretionary spending on dining and convenience.
Below Replacement Cost: The property is equipped with a drive-thru and priced well below replacement cost for new construction QSR buildings, providing strong residual value for an investor.
Primary Commercial Corridor: Route 173 is the area’s main east/west thoroughfare, connecting Antioch and the surrounding area to I-94, providing consistent, daily traffic to the site, which is anchored by Walmart Supercenter and Menards.
Targeted Expansion Zone: The Village of Antioch is heavily investing in the Route 173 corridor. With the nearby Antioch Corporate Park expanding and active plans to add over a million square feet of commercial and light industrial space to the area, the daytime population and built-in lunch crowd are positioned for significant growth.
Favorable Demographics: Antioch offers an affluent, family-oriented demographic profile with strong average household incomes, ensuring robust discretionary spending on dining and convenience.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,010 SF
Building Class
C
Year Built
2007
Price
$2,221,140 CAD
Price Per SF
$737.92 CAD
Cap Rate
6.15%
NOI
$136,600 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.91 AC
Zoning
B-2
Parking
38 Spaces (12.62 Spaces per 1,000 SF Leased)
Frontage
207’ on E IL Route 173
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 02-16-201-007 | Improvements Assessment | $273,978 CAD |
| Land Assessment | $259,455 CAD | Total Assessment | $533,434 CAD |
Property Taxes
Parcel Number
02-16-201-007
Land Assessment
$259,455 CAD
Improvements Assessment
$273,978 CAD
Total Assessment
$533,434 CAD
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