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    Turn-Key Medical Office Suite Title is generated by Realmo AI

    912 Northwest Highway, Fox River Grove, IL 60021

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    Claim this Listing
    For Sale
    $224,900

    COMMERCIAL - Fox River Grove, IL

    Type:Office
    Lot size:
    2.65 Acres
    Added:
    Nov 10, 2025
    Days on Market:
    193
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 912 Northwest Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    OFFIC
    Standard status
    Active
    APN
    2020255147
    Lot size
    2.65 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    5344

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Carpet
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Basel Tarabein
    Basel Tarabein

    Listing agent Basel Tarabein License #IL 471008459

    Listing office RE/MAX At Home 3215 Algonquin Road, ROLLING MEADOWS, IL

    Listing date Nov 10, 2025

    MLS# 12513430

    Copyright © 2026 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.

    HighLights

    • Turn‑key medical office suite ready for immediate occupancy, requiring no additional build‑out.
    • Prime location in the Riverpoint Professional Building in Fox River Grove, near major routes (Route 14 and Route 22) serving Lake and McHenry Counties.
    • Comprehensive Association Monthly Fee covers nearly all operating costs, including utilities, maintenance, cleaning (interior and exterior), landscaping, and snow/trash removal.
    • Well‑designed layout includes reception/waiting area, multiple exam rooms, treatment/procedure room, private physician's office, and ample storage.
    • Abundant on‑site parking and excellent accessibility for patients and staff.
    • Professionally maintained and updated with pride of ownership evident throughout.

    Overview

    This turn-key medical office suite is available for immediate occupancy in the Riverpoint Professional Building, located in Fox River Grove. The second-floor medical condo is fully built-out and ready for immediate use. The suite includes a reception and waiting area, multiple spacious exam rooms, a dedicated treatment/procedure room, a private physician's office, and ample medical records and storage areas. The property is located on Northwest Highway (Route 14) near Route 22, serving both Lake and McHenry Counties within a growing residential and commercial region. The building offers accessibility along with on-site parking. The Association Monthly Fee includes exterior maintenance, interior and exterior cleaning, electricity, heating, air conditioning, water, sewer, landscaping, snow removal, trash removal, and daily professional cleaning inside and outside the office. The property is located in McHenry County, on a lot of 2.65 acres. This property is intended for medical offices and office properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • VCA Noyes Animal Hospital — 308 Lincoln Ave, Fox River Grove, IL 60021
    • VCA Noyes Animal Hospital — 710 Northwest Hwy, Fox River Grove, IL 60021

    Map

    City
    Fox River Grove
    County
    McHenry
    State
    Illinois
    Longitude
    -88.2237
    Latitude
    42.1928

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    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready medical office in Riverpoint Professional Building.
    Where is this medical office space located?
    The property is located at 912 Northwest Highway Fox River Grove, IL.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: Turn‑key medical office suite ready for immediate occupancy, requiring no additional build‑out.; Prime location in the Riverpoint Professional Building in Fox River Grove, near major routes (Route 14 and Route 22) serving Lake and McHenry Counties.; Comprehensive Association Monthly Fee covers nearly all operating costs, including utilities, maintenance, cleaning (interior and exterior), landscaping, and snow/trash removal.
    (847) 255-1000
    We can help!
    Listing Contact
    Basel Tarabein
    Basel Tarabein
    Real Estate License ID: IL 471008459
    Learn More
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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.

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