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    2615 3 Oaks Rd Cary, IL 60013

    Sponsored
    For Sale
    $1,799,000

    18,434 SF Office Building, 8.9% Cap Rate

    Property size:
    18,434 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    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 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
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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

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    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.
    (847) 854-2300
    Request Owner's contact information
    2615 3 Oaks Rd Cary, IL 60013
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    Cary, IL 60013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2615 3 Oaks Rd Cary, IL 60013
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