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    925 IL Route 22 Fox River Grove, IL 60021

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    COMMERCIAL - Fox River Grove, IL

    Type:Retail
    Lot size:
    2.17 Acres
    Added:
    Dec 2, 2025
    Days on Market:
    150
    Last Refresh:
    May 1 at 12:06 pm

    Property Features for 925 IL Route 22

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Zoning
    COMMR
    Standard status
    Active
    Lot size
    2.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    61803

    Utilities

    Utilities
    Natural Gas Available
    Cooling system
    Central Air

    Building Details

    Year built
    2008
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Brick

    We can help!

    Listing Contact
    Cherie Smith Zurek
    Cherie Smith Zurek

    Listing agent Cherie Smith Zurek License #471003036

    Listing office RE/MAX Suburban 444 S. Rand Road Ste 103 Ste 103, Mount Prospect, IL

    Listing date Dec 2, 2025

    MLS# 12518693

    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.

    Overview

    Versatile Commercial Space in Fox River Grove

    This versatile commercial space is located in Fox River Grove. The space offers 4968 square feet total and can be divided to 1,500 square feet. It is suitable for retail or office use. The space is part of a well-established shopping center, anchored by co-tenants such as Brunch Cafe, Nick's Barber Shop & Tuffy's Auto. The unit features expansive storefront windows that provide natural light. Parking is available in front and rear of the building. The location benefits from high-visibility monument signage. The property is zoned B-2, allowing for a wide range of uses, including retail and office configurations. The property is situated on a 2.17-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • STONE HILL CENTER — 960 IL-22, Fox River Grove, IL 60021
    • Coinstar Kiosk - Bitcoin ATM — 800 Northwest Hwy 14 Jewel, Fox River Grove, IL 60021
    • Hillview Center — 28686 w northwest hwy, lake barrington, il 60010
    • Pepper Road & Friends — 22029-, 22049 n pepper rd, lake barrington, il 60010

    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?
    Shopping center - Prime retail or office space in a vibrant shopping center.
    Where is this shopping center located?
    The property is located at 925 IL Route 22 Fox River Grove, IL.
    What are key features of this property?
    This property features: Prime location in the heart of Fox River Grove within a well‑established shopping center.; High foot traffic and visibility due to popular co‑tenants (Brunch Cafe, Nick's Barber Shop & Tuffy's Auto).; Flexible space: 4968 Sq Ft total, divisible to 1,500 SF, suitable for retail or office use.
    (847) 577-9888
    We can help!
    Listing Contact
    Cherie Smith Zurek
    Cherie Smith Zurek
    Real Estate License ID: 471003036
    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.

    More about this property
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    925 IL Route 22, Fox River Grove, IL 60021

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