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    700 Northwest Hwy Hoffman Estates, IL 60021

    New
    For Sale
    $830,000

    Mixed Use - Fox River Grove, IL

    Type:Mixed Use
    Property size:
    4,428 SF
    Days on Market:
    6
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 700 Northwest Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    COMMR
    APN
    2020130021
    Size
    4,428 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2000
    Number of units
    5
    Architectural style
    Other

    ParkVue Realty Corporation (312) 788-4040 [email protected]

    Listing agent Anthony Disano (312) 788-4040 License #471010606

    Listing date Dec 8, 2025

    MLS# 12290150 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Mixed-Use Building Available

    This versatile 2-story mixed-use building offers 4,428 square feet of space on a 0.49-acre lot. The property includes retail space, warehouse/garage space, and residential apartments. A 2,400 square foot restaurant/bar features 81 feet of frontage on Northwest Highway and is equipped with a kitchen including a pizza oven, hood with an Ansul system, stove, fryers, walk-in cooler, and grease trap. A 1,235 square foot basement provides additional storage. The second floor houses three residential apartments: two 2-bed/1-bath units and one 1-bed/1-bath unit. The 1,400 square foot warehouse/garage area includes another 1-bed/1-bath apartment. Situated in a high-traffic commercial corridor, the location is near nationally recognized retailers and restaurants, office space, schools, recreation, and transportation. The property is located in Fox River Grove, Illinois.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    USA Vein Clinics Medical Clinic Vera Boutros, MD Vascular Surgeon Susie Sushi Sushi Restaurant Available Electric Electrician

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hoffman Estates
    County
    Cook
    State
    Illinois
    Longitude
    -88.124769
    Latitude
    42.149774

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail, warehouse, and residential units.
    Where is this mixed-use property located?
    The property is located at 700 Northwest Hwy Hoffman Estates, IL.
    What is the asking price?
    The asking price for this property is $830,000.
    What are key features of this property?
    This property features: - Owner financing available.; - Versatile mixed-use building featuring retail, warehouse/garage, and residential apartments.; - **Fully equipped 2,400 sqft restaurant/bar with 81' frontage on Northwest Hwy.**
    (312) 788-4040
    Request Owner's contact information
    700 Northwest Hwy Hoffman Estates, IL 60021
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    Hoffman Estates, IL 60021
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    Realmo Value Estimation

    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

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    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.

    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
    700 Northwest Hwy Hoffman Estates, IL 60021
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