Medical Office Suite For
912 W Northwest Hwy Suite-204 Fox River Grove, IL 60021
912 W Northwest Hwy Suite-204, Fox River Grove, IL, 60021
Contact for pricing
For Sale
Contact for pricing
New medical office suite in growing residential and commercial area.
Property Size1,425 SF
Price / SF$261.05
Days on Market2716
Property Features for 912 W Northwest Hwy Suite-204
General Information
- Standard status
- Active
- Size
- 1,425 SF
- Property subtype
- Office
Building Details
- Year Built
- 2004
Listing Agency
IL Realty Kurchina & Associates
(847) 912-1313
Listed by
Wayne Kurchina · License #IL 471.000538
Source
Crexi
Added: Feb 8, 2019 Checked: Jul 17 at 12:17 pm
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 IL Realty Kurchina & Associates
Investment Insights
Based on property information with market context.
This is a new medical office suite with 1425 square feet of space. It can be configured to your specifications. Drawings are available for a build out with a reception area, waiting room, private physician office, treatment and procedure rooms, as well as a medical records storage area. The property is located in a growing residential and commercial area, serving Lake, Cook, and McHenry Counties. The property is intended for use as a medical office.
Key Highlights
- New medical office suite, customizable to specifications.
- Drawings available for pre‑designed build‑out including reception, waiting room, office, treatment rooms, and records storage.
- Located in a growing residential and commercial area.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.9k | $24.48 |
| − Vacancy | −$8.7k | −$6.10 |
| EGI | $26.2k | $18.38 |
| − OpEx | −$6.5k | −$4.60 |
| NOI | $19.6k | $13.79 |
1,425 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$280.7K
$245.6K – $327.5K
NOI $19,648 @ 7.0% cap · market cap 5.28%
Second Best
Healthcare Medical
$275.5K
$241.1K – $321.4K
NOI $19,284 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$492.0K
$430.5K – $574.0K
NOI $34,439 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - New medical office suite in growing residential and commercial area.
Where is this medical office space located?
The property is located at 912 W Northwest Hwy Suite-204 Fox River Grove, IL.
What is the asking price?
The asking price for this property is $372,000.
What are key features of this property?
This property features: New medical office suite, customizable to specifications.; Drawings available for pre‑designed build‑out including reception, waiting room, office, treatment rooms, and records storage.; Located in a growing residential and commercial area.
