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2615 3 Oaks Rd Cary, IL 60013

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For Sale
$1,799,000

18,434 SF Office Building, 8.9% Cap Rate

Property size:
18,434 SF

Property Features for 2615 3 Oaks Rd

General Information

Property type
Office Properties & Spaces
Square Feet
18,434 SF
Lot Size
81,022 SF

Building Details

Year Built
1998

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Listing Contact
Bruce Kaplan
Bruce Kaplan

Listing Agency: Premier Commercial Realty Listing Agent: Bruce Kaplan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a two-story, 18,434 square foot office building situated on a 1.86-acre lot at 2615 Three Oaks Road in Cary, Illinois. The property boasts a prime location adjacent to the Cary Post Office and overlooking the picturesque Jaycee Park pond. Currently 77% leased, the building houses thirteen tenants, ranging in size from 160 to 3,822 square feet, with three vacancies totaling approximately 3,348 square feet. Key tenants include Northwestern Medicine and Cary Grove Dental, providing strong anchors for the property. The building features convenient amenities such as a common break room, conference rooms, and restrooms on each floor, along with an elevator and ample parking. Recent upgrades totaling $394,000 have been completed within the last three years by the current owner. The building is constructed of masonry and benefits from prominent electric monument signage. This offering presents a compelling investment opportunity with an 8.9% capitalization rate based on current income. Financial details, including a rent roll and operating statement, are available upon request. This property is ideal for investors seeking a stable, well-located commercial asset with significant upside potential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Office Properties & Spaces

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Cary
County
McHenry
State
Illinois
Longitude
-88.25134
Latitude
42.21828

FAQs

What type of property is this?
Office Property / Space - 18,434 SF Office Building, 8.9% Cap Rate
Where is this office property / space located?
The property is located at 2615 3 Oaks Rd Cary, IL.
What is the asking price?
The asking price for this property is $1,799,000.
More about this property
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