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700 Northwest Hwy 4,428 SF 100% Leased Retail Building Fox River Grove, IL 60021 $790,000 ($178.41/SF)
EXECUTIVE SUMMARY
*** OWNER FINANCING AVAILABLE *** Seize this incredible opportunity with a versatile 2-story, 4,428 sqft mixed-use building on a 0.40 acre lot! This property features retail space, warehouse/garage space, and residential apartments. The 2,400 sqft restaurant/bar with 81' frontage on Northwest Hwy is fully equipped with a kitchen that includes a pizza oven, hood with an Ansul system, stove, fryers, walk-in cooler, and grease trap. Additionally, there's a full 1,235 sqft basement for extra storage. The property also boasts three residential apartments on the second floor: two 2-bed/1-bath units and one 1-bed/1-bath unit. The 1,400+- warehouse/garage area includes another 1-bed/1-bath apartment. Situated in a high-traffic commercial corridor, this location is surrounded by nationally recognized retailers and restaurants, and is close to office space, schools, recreation, and transportation.
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PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,428 SF
Building Class
C
Year Built
2000
Price
$790,000
Price Per SF
$178.41
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.25
Lot Size
0.40 AC
Zoning
B-3
Parking
20 Spaces (4.52 Spaces per 1,000 SF Leased)
Frontage
81’ on Northwest Hwy
AMENITIES
- Signage
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-20-130-021 | Improvements Assessment | $172,064 |
| Land Assessment | $72,694 | Total Assessment | $244,758 |
PROPERTY TAXES
Parcel Number
20-20-130-021
Land Assessment
$72,694
Improvements Assessment
$172,064
Total Assessment
$244,758
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700 Northwest Hwy
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