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Listing provided courtesy of Parkvue Realty CorporationMREDas Distributed by MLSGrid- MLS# 12290150MLS Provider

700 Northwest HighwayFox River Grove, IL 60021

Commercial · 4,428 Sq. ft.
$790,000 Active

700 Northwest Highway Overview

Time on Site:
446 days
Visits:
9

*** OWNER FINANCING AVAILABLE *** Seize this incredible opportunity with a versatile 2-story, 4,428 sqft mixed-use building on a 0.49 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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700 Northwest Highway Facts & Features

  • Type Commercial
  • Sq. ft. 4,428
  • Price/Sq.ft. $178

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Existing Lease Type: Gross
  • Fuel Expense: 0
  • Gross Income: 7850
  • Gross Scheduled Income: 94200
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 2000

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: McHenry
  • MLS Area Major: Fox River Grove

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Scavenger, Sewer, Varies by Tenant

Tax Information

  • Tax Annual Amount: $22,722.00
  • Tax Year: 2023

General Information

  • Parcel Number: 2020130021
  • Possible Use: Commercial,Office,Multi-Family,Retail
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 4428

General Information

  • Cooling: Central Air
  • Electric: Separate Meters
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: State Road
  • Lot Size Dimensions: .5 ACRE
  • Lot Size Square Feet: 21674
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Block

General Information

  • Number Of Units Total: 5
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected

700 Northwest Highway Neighborhood

Community

60021 (Fox River Grove) Demographics

39
Median Age
2,407
Population Density (per sq. mile)
56%
College Educated
$107,500
Estimated Median Income
1,650
Estimated Total Home Owners
308
Estimated Total Renters
84% / 16%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

700 Northwest Highway Monthly Cost

$
$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

700 Northwest Highway Market Data

Based on the last 30 days in this zip code

$427,735
Average List Price
$226
Average Price per Square Foot
10
Properties Sold
40
Average Days on Market
17
Properties for Sale
Calculations provided by Reliance Network

700 Northwest Highway History

Date Event Value Agent
1/14/2026Source: MRED Status Change
Active
1/9/2026Source: MRED Price Reduction
$790,000 -4.8%
1/9/2026Source: MRED Status Change
Price Change
7/31/2025Source: MRED Status Change
Price Change
7/31/2025Source: MRED Price Reduction
$830,000 -5.7%
7/31/2025Source: MRED Status Change
Active
6/14/2025Source: MRED Status Change
Active
6/9/2025Source: MRED Price Reduction
$880,000 -5.4%
6/9/2025Source: MRED Status Change
Price Change
5/14/2025Source: MRED Status Change
Active
5/9/2025Source: MRED Price Reduction
$930,000 -5.1%
5/9/2025Source: MRED Status Change
Price Change
4/14/2025Source: MRED Status Change
Active
4/9/2025Source: MRED Added to Database
April 09, 2025