Medical Office Suite For
912 W Northwest Hwy Suite-204, Fox River Grove, IL 60021
New medical office suite in growing residential and commercial area.
Type:Office
Property size:
1,425 SFPrice / SF:
$261/SF- Added:
- Feb 8, 2019
- Days on Market:
- 2671
- Last Refresh:
- May 19 at 9:13 pm
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 agent Wayne Kurchina License #IL 471.000538
Listing office IL Realty Kurchina & Associates
Listing date Feb 8, 2019
Source Crexi
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
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.
- Serves Lake, Cook, and McHenry Counties.
- Built in 2004.
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- VCA Noyes Animal Hospital — 308 Lincoln Ave, Fox River Grove, IL 60021
- VCA Noyes Animal Hospital — 710 Northwest Hwy, Fox River Grove, IL 60021
Map
- City
- Fox River Grove
- County
- McHenry
- State
- Illinois
- Longitude
- -88.2237
- Latitude
- 42.1928
Nearby Similar for Sale
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.
