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    300 Hwy Fox River Grove, IL 60021

    Sponsored
    For Sale
    Contact for pricing

    Two-acre mixed-use land, ideal location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-acre commercial or mixed-use development opportunity is located in Fox River Grove, Illinois, at 300 Northwest Hwy, zip code 60021. The property, encompassing APNs 20-18-483-015, 20-18-483-014, 20-18-483-022, 20-18-483-016, 20-18-483-017, 20-18-483-018, 20-18-483-019, 20-18-483-020, 20-18-483-021, and 20-17-356-007, is zoned B1 & B2, offering significant flexibility for development. Its strategic location provides convenient access to the Fox River Grove Metra Station (Union Pacific Northwest Line), situated within walking distance, and is just one mile east of Good Shepherd Hospital. The property benefits from its proximity to award-winning school districts – District 3 and District 155. Furthermore, this site is located within a Tax Increment Financing (TIF) district, with 25 years remaining after a recent extension (established in 2015), presenting a compelling financial advantage for developers. The property is offered at a price subject to negotiation. This presents a rare opportunity to capitalize on a prime location with excellent infrastructure and community amenities, just 42 miles northwest of Chicago.

    Property Features for 300 Hwy

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Price Upon Request
    • Located in a Tax Increment Financing (TIF) District with 25 years remaining
    • Walking distance to Fox River Grove Metra Station (Union Pacific Northwest Line)
    • One mile from Good Shepherd Hospital
    • 42 miles northwest of Chicago
    • Near award‑winning School Districts 3 & 155
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fox River Grove
    County
    McHenry
    State
    Illinois
    Longitude
    -88.219754
    Latitude
    42.198624

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Two-acre mixed-use land, ideal location.
    Where is this land located?
    The property is located at 300 Hwy Fox River Grove, IL.
    What are key features of this property?
    This property features: Price Upon Request; Located in a Tax Increment Financing (TIF) District with 25 years remaining; Walking distance to Fox River Grove Metra Station (Union Pacific Northwest Line)
    Request Owner's contact information
    300 Hwy Fox River Grove, 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

    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.

    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
    300 Hwy Fox River Grove, IL 60021
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