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    912 Hwy Fox River Grove, IL 60021

    Sponsored
    For Sale
    $760,000

    Modern medical office, strong tenant. Prime location.

    Property size:
    5,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,200 square foot Class B commercial property, located at 912 W Northwest HWY Suite 101, Fox River Grove, IL 60021, presents a unique investment opportunity. Built in 2004, this building boasts a convenient location on Northwest Highway, near Route 22, in a thriving residential and commercial area. The property is zoned for office use and sits on a 3-acre lot, offering ample space and full ingress/egress. Currently configured as a modern and efficient medical office condo with an existing tenant, this property is ideally suited for medical professionals seeking a well-established presence. Its strategic location provides easy access to three counties: Lake, Cook, and McHenry, placing it within a 10-minute drive of Good Shepherd Hospital. The property's strong tenant mix and proximity to a major intersection contribute to its high potential for return on investment. The asking price for this retail and office space is $760,000. This is a rare opportunity to acquire a well-situated, income-producing property in a rapidly growing market.

    Property Features for 912 Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    5,200 SF
    Class
    B
    Lot Size
    130,680 SF

    Building Details

    Year Built
    2004

    HighLights

    • Full ingress/egress.
    • Near major intersection (Northwest Highway & Route 22).
    • Serves three counties (Lake, Cook, and McHenry).
    • Strong tenant mix in a medical office condo.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Fox River Grove
    County
    Lake/McHenry
    State
    Illinois
    Longitude
    -88.2120315
    Latitude
    42.1976923

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Lifestyle center - Modern medical office, strong tenant. Prime location.
    Where is this lifestyle center located?
    The property is located at 912 Hwy Fox River Grove, IL.
    What is the asking price?
    The asking price for this property is $760,000.
    What are key features of this property?
    This property features: Full ingress/egress.; Near major intersection (Northwest Highway & Route 22).; Serves three counties (Lake, Cook, and McHenry).
    Request Owner's contact information
    912 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
    912 Hwy Fox River Grove, IL 60021
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