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Cary, ILCommercial
270-296 Cary Algonquin Road, Cary, IL, 60013
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This asset has sold. The record stays published — the terms, the photography and the process are the evidence for how the next one gets handled.
Historical sale record. Property details reflect the original listing.
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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A Comparable Mandate
This transaction is published in full because the record is the argument. If you are holding something similar — as owner, lender, receiver or counsel — that is the conversation to have.
12 photographs — scroll the strip or choose a frame below.
This asset is no longer available. The process that sold it — the marketing, the buyer pool, the reporting a court or a credit committee will accept — is the part that transfers.
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