Automotive Property with Drive-In
670 Northwest Highway, Fox River Grove, IL 60021
For Sale
$599,000
Includes an office with garage below, a two-bedroom apartment, and a separate drive-in building.
Property Size2,900 SF
Lot Size0.26 Acres
Price / SF$206.55
Days on Market453
Property Features for 670 Northwest Highway
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Traffic Count
Road Access
Additional Details
Land Use
Automotive Uses
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Premier Commercial Realty
Listed By:
Bruce Kaplan · License #475075614
(847) 854-2300
Source:
Gogginrealestate
Added: Aug 14, 2025
Changed: Nov 7
Last Checked: Nov 8 at 8:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Commercial Realty
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Investment Insights
Based on property information with market context.
The property includes a 1,000-square-foot, two-story sales office and garage, with the garage on the lower level. A 780-square-foot, two-bedroom apartment occupies the upper floor. A separate 1,120-square-foot pole building has three drive-in doors. The site is approximately 0.26 acres and is zoned COMMR.
Two curb cuts provide access from Route 14, with additional direct access from School Street along the north side. The reported traffic count is 25,500 vehicles per day.
Two curb cuts provide access from Route 14, with additional direct access from School Street along the north side. The reported traffic count is 25,500 vehicles per day.
Key Highlights
- 1,000‑square‑foot, two‑story sales office and garage
- 780‑square‑foot, two‑bedroom apartment above the office and garage
- 1,120‑square‑foot pole building with 3 drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,015
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,300
$600.3K
Cap Rate 7%
$428,786
$428.8K
Cap Rate 9%
$333,500
$333.5K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$52.2K $18.00/SF
− Vacancy
−$4.2K −$1.44/SF
EGI
$48.0K $16.56/SF
− OpEx
−$18.0K −$6.21/SF
NOI
$30.0K $10.35/SF
Area
McHenry County, IL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,300
Cap Rate 7%
$428,786
Cap Rate 9%
$333,500
Alternative Uses
Best Use
Mixed Use
$428.8K
$375.2K – $500.3K
NOI $30,015 @ 7.0% cap · market cap 5.01%
Second Best
Retail
$399.8K
$349.8K – $466.4K
NOI $27,984 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.00M
$876.1K – $1.17M
NOI $70,087 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
25,500 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Automotive property - Includes an office with garage below, a two-bedroom apartment, and a separate drive-in building.
Where is this automotive property located?
The property is located at 670 Northwest Highway Fox River Grove, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,000‑square‑foot, two‑story sales office and garage; 780‑square‑foot, two‑bedroom apartment above the office and garage; 1,120‑square‑foot pole building with 3 drive‑in doors
