Cary Oaks Plaza in Cary, IL

Cary Oaks Plaza in Cary, IL

Bidding is closed.
High Bid:$0.00
NA
Bidding Ended: Thu, May 30  12:00:00 pm CT
Starting Bid: $699,000.00
Property Location: 270-296 Cary Algonquin Road, Cary, IL 60013
Property has been viewed 2,127 times.

SOLD

Suggested Opening Bid: $699,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

Built: 1994

Lot Size: Approx. .87 Acres

Building Size: Approx. 8,500 SF

Units: 6

Occupied: 25%

2017 Taxes: $23,754.12

PIN #: 19-14-428-006

Zoning: B4

This retail shopping center is approximately 8,500 sf and has 6 individual units. A value add opportunity for an investor, this center currently has 2 units that are leased. A 7-11 convenience store is the anchor tenant and the other tenant is a dry cleaning business. Both tenants have been in place for over 10 years and are in long term auto renewal leases.

Each unit has its own dedicated gas/electrical meter and HVAC systems. The building has been meticulously maintained and the roof and mechanicals are annually inspected with no known issues or leaks.

Unit 6 (leased by the 7-11) is approximately 2,500 sf; Units 4 and 5 are approximately 2,005 sf each; Units 2 and 3 are approximately 900 sf each; Unit 1 (leased by the dry cleaners) is approximately 1,800 sf. Units 2-5 may be combined.

Located at 270 Cary/Algonquin Rd. This retail shopping center is well located just South of Main Street on the West side of Cary/Algonquin Rd in the Village of Cary. Main Street is an East/West street that is just Southwest of Route 14. Cary/Algonquin Road is a North/South road.

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View Property Flyer (PDF)

View Zoning Ordinance (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

 
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