A lab/office building with $90,000 in annual base rent — Sale in Fox River Grove, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Fox River Grove, IL 60021

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Description

204 Northwest Hwy is a 7,389 SF single-story commercial building on 0.31 acre in downtown Fox River Grove, directly across Route 14 from the Metra station, offered at $1,200,000. The building is leased to American Calibration, LLC, an ANAB-accredited calibration laboratory founded in 1992, at $90,000 a year of base rent ($7,500 a month) through January 12, 2028, with two 2-year options at 5% increases. The tenant reimburses real estate taxes and property insurance and pays its own utilities; the landlord holds the roof, structure and system replacements. At $1,200,000 the price is $162 per square foot.

Market Context

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