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    Mixed-use properties

    300 Northwest Hwy, Fox River Grove, IL 60021

    2 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Mixed-use properties
    Lot 2 ac (87,120 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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