Single-Tenant Flex
204 Northwest Highway, Fox River Grove, IL 60021
For Sale
$1,200,000
Commercial Sale, Fox River Grove, IL
Property Size7,389 SF
Lot Size0.32 Acres
Price / SF$162.40
Days on Market53
Property Features for 204 Northwest Highway
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
RE/MAX Suburban · RE/MAX International
(847) 367-8686
Listed By:
Jason Bitton · License IL #475170841
(847) 259-0202
Added: Sep 19
Changed: Oct 3
Last Checked: Nov 10 at 4:06AM
MLS# 12764487
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.
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Investment Insights
Based on property information with market context.
The single-story flex building at 204 Northwest Highway contains 7,389 square feet and was constructed in 1952 with block and masonry materials. A 2024–25 interior buildout created a calibration laboratory with four labs, seven offices, a showroom-style lobby, reception and waiting areas, a conference room, kitchenette, workstation area, auxiliary room, and two shipping rooms. The property also features LED lighting, key-fob access, a full sprinkler system, central air, and three-phase electrical service. A membrane roof replacement was completed in 2026.
The building is occupied by American Calibration, LLC, and includes 12 on-site parking spaces. It sits on the north side of Northwest Highway, directly opposite the Fox River Grove Metra station on the Union Pacific Northwest line. Northwest Highway carries approximately 25,700 vehicles per day at the property, including about 1,100 trucks, according to 2025 IDOT traffic data. Zoning is B2 General Business in the Village of Fox River Grove.
The building is occupied by American Calibration, LLC, and includes 12 on-site parking spaces. It sits on the north side of Northwest Highway, directly opposite the Fox River Grove Metra station on the Union Pacific Northwest line. Northwest Highway carries approximately 25,700 vehicles per day at the property, including about 1,100 trucks, according to 2025 IDOT traffic data. Zoning is B2 General Business in the Village of Fox River Grove.
Key Highlights
- 7,389 SF single‑story flex building on a 13,603 SF lot
- 2024–25 interior conversion to a calibration laboratory
- Four labs, seven offices, showroom lobby, conference room, and shipping areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,116
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,320
$882.3K
Cap Rate 7%
$630,229
$630.2K
Cap Rate 9%
$490,178
$490.2K
Market Conditions
NOI Build-Up for 7,389 SF
Gross rent
$71.8K $9.72/SF
− Vacancy
−$4.0K −$0.53/SF
EGI
$67.9K $9.19/SF
− OpEx
−$23.8K −$3.21/SF
NOI
$44.1K $5.97/SF
Area
McHenry County, IL
Vacancy
5.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,320
Cap Rate 7%
$630,229
Cap Rate 9%
$490,178
Alternative Uses
Best Use
Flex RnD
$630.2K
$551.5K – $735.3K
NOI $44,116 @ 7.0% cap · market cap 3.68%
Second Best
Industrial
$454.4K
$397.6K – $530.1K
NOI $31,807 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $141,037 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
10 ft
Clear height
1
Drive-in doors
25,700 VPD
Traffic count
Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 60021, IL
5,404
Population
1,968
Households
2.7
Avg Household Size
42
Median Age
42%
College-Educated
98%
High-School Grad
2.0 sq mi
ZIP Area
2,702
Density / Sq Mi
$122,005
Median Household Income
$59,030
Median Earnings
$2,134
Median Rent
$286,400
Median Home Value
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Market
Properties on Market for Flex space in McHenry County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Recently fitted laboratory and office facility with upgraded building systems, commuter rail access, and dedicated parking.
Where is this flex space located?
The property is located at 204 Northwest Highway Fox River Grove, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7,389 SF single‑story flex building on a 13,603 SF lot; 2024–25 interior conversion to a calibration laboratory; Four labs, seven offices, showroom lobby, conference room, and shipping areas
