Route 14 Office/Retail
179-181 S NW Hwy Cary, IL
For Sale
Contact for pricing
1,400 SF office/retail building on busy Route 14.
Property Size1,400 SF
Lot Size0.16 Acres
Price / SF$107.07
Days on Market305
Property Features for 179-181 S NW Hwy
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Lot size
- 0.16 Acres
- Property subtype
- OFFICE
Properties For Sale
at 179-181 S NW Hwy Contact us
Listing Agency:
Premier Commercial Realty
(847) 854-2300
Listed By:
Bruce Kaplan · License #475075614
Source:
Moodyscre
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Jul 21 at 7:02AM
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 Premier Commercial Realty
Investment Insights
Based on property information with market context.
This 1,400 square foot office/retail building is situated on a 10,000 square foot triangular lot at a corner location on busy Route 14. The property benefits from the right to use a portion of lit monument signage visible to 25,500 vehicles per day. The building features an open front retail/clerical area, three private offices, a kitchenette with a coffee bar, and a 6-foot by 12-foot wood exterior deck. A full basement provides space for storage or a workshop. The property includes a bathroom in the basement and two separate outside entrances. Located in a TIF district, the B3 zoning allows for office or retail use. The building has been tuckpointed and features recent new doors and windows. The property is suitable for office or retail use.
Key Highlights
- High‑visibility corner location on Route 14 with 25,500 vehicles per day traffic count.
- B3 zoning allows for office or retail use.
- Located in a TIF district.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.0k | $15.00 |
| − Vacancy | −$1.7k | −$1.22 |
| EGI | $19.3k | $13.79 |
| − OpEx | −$5.8k | −$4.14 |
| NOI | $13.5k | $9.65 |
1,400 SF · lease $15.00/SF/yr · vacancy 8.10% · expense 30.00%
Alternative Uses
Best Use
Office B
$275.8K
$241.3K – $321.7K
NOI $19,304 @ 7.0% cap · market cap 12.88%
Second Best
Retail
$193.0K
$168.9K – $225.2K
NOI $13,509 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$483.4K
$422.9K – $563.9K
NOI $33,835 @ 7.0% cap · market cap 22.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - 1,400 SF office/retail building on busy Route 14.
Where is this office units located?
The property is located at 179-181 S NW Hwy Cary, IL.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: High‑visibility corner location on Route 14 with 25,500 vehicles per day traffic count.; B3 zoning allows for office or retail use.; Located in a TIF district.
