Freestanding Restaurant with
For Sale
$395,000
140 Crystal Street, Cary, IL 60013
An existing food-service layout and dedicated parking serve the standalone commercial building.
Property Size1,587 SF
Lot Size0.42 Acres
Price / SF$248.90
Days on Market66
Property Features for 140 Crystal Street
General Information
Standard status
Active
Size
1,587 SF
Lot size
0.42 Acres
Property subtype
Commercial
Zoning
B1
Additional Details
Highway Access
Yes
Equipment Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$8,865
Building Details
Year Built
1902
Buildings
1
Stories
1
Listing Agency:
103 Realty
Listed By:
Socorro Sanchez
(312) 880-7862
Source:
Fishmangroup
Added: Aug 21
Changed: Oct 23
Last Checked: Oct 23 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 103 Realty
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Investment Insights
Based on property information with market context.
This freestanding restaurant property contains approximately 1,587 square feet on an approximately 0.42-acre site. The interior has a customer service area and food-service buildout, and equipment is included in the sale. The property has been used for dessert and ice cream service. B1 zoning applies; a drive-through could be considered, subject to Village of Cary review and approval.
The site is at 140 Crystal Street in Cary, near Downtown Cary, Route 14, and the Cary Metra station. Dedicated on-site parking serves the property. Mechanical updates include a furnace and two A/C units installed in 2024, a water heater installed in 2023, and a new gas meter.
The site is at 140 Crystal Street in Cary, near Downtown Cary, Route 14, and the Cary Metra station. Dedicated on-site parking serves the property. Mechanical updates include a furnace and two A/C units installed in 2024, a water heater installed in 2023, and a new gas meter.
Key Highlights
- Approximately 1,587 square feet on an approximately 0.42‑acre site
- Food‑service buildout, customer service area, and equipment included
- Furnace and two A/C units installed in 2024; water heater installed in 2023; new gas meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,636
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,720
$372.7K
Cap Rate 7%
$266,229
$266.2K
Cap Rate 9%
$207,067
$207.1K
Market Conditions
NOI Build-Up for 1,587 SF
Gross rent
$26.7K $16.80/SF
− Vacancy
−$1.8K −$1.14/SF
EGI
$24.8K $15.66/SF
− OpEx
−$6.2K −$3.91/SF
NOI
$18.6K $11.74/SF
Area
McHenry County, IL
Vacancy
6.80%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,720
Cap Rate 7%
$266,229
Cap Rate 9%
$207,067
Alternative Uses
Best Use
Specialty Retail
$266.2K
$233.0K – $310.6K
NOI $18,636 @ 7.0% cap · market cap 4.72%
Second Best
Retail
$218.8K
$191.4K – $255.2K
NOI $15,314 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$547.9K
$479.4K – $639.2K
NOI $38,354 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
7,142 visits/mo
0.4 miles
BMO Harris Bank
Shops & Services
6,524 visits/mo
0.2 miles
Chase Bank
Shops & Services
6,408 visits/mo
0.5 miles
Marathon
Shops & Services
4,923 visits/mo
0.2 miles
Sam's Corner
Shops & Services
1,918 visits/mo
0.2 miles
Demographics for 60013, IL
26,144
Population
9,906
Households
2.6
Avg Household Size
41
Median Age
44%
College-Educated
96%
High-School Grad
14.5 sq mi
ZIP Area
1,803
Density / Sq Mi
$115,833
Median Household Income
$52,193
Median Earnings
$1,489
Median Rent
$291,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An existing food-service layout and dedicated parking serve the standalone commercial building.
Where is this conventional restaurant located?
The property is located at 140 Crystal Street Cary, IL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Approximately 1,587 square feet on an approximately 0.42‑acre site; Food‑service buildout, customer service area, and equipment included; Furnace and two A/C units installed in 2024; water heater installed in 2023; new gas meter
