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    Sec 3 Oaks & Georgetown Cary, IL 60013

    Sponsored
    For Sale
    $1,145,000

    Prime Commercial Development Site, Cary, IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.67-acre commercial land parcel presents a unique investment opportunity in Cary, Illinois. Located at the intersection of Three Oaks and Georgetown Roads in McHenry County (zip code 60013), this relatively rectangular site boasts frontage on three roads, offering excellent visibility and accessibility. The property is zoned B-2, allowing for a variety of commercial uses. All utilities are available on-site, and off-site detention is in place, simplifying development. Previously bank-owned, the site has already undergone grading and engineering, saving significant time and expense for the buyer. The asking price is $1,145,000, representing a reduced price of $3.94 per square foot. This makes it an attractive option for various commercial ventures, such as a banquet facility or a medium-sized retail establishment. The property's strategic location at a signalized intersection ensures high traffic volume and exposure. This ready-to-develop site offers a streamlined path to construction, minimizing delays and maximizing return on investment. The property's rectangular shape allows for efficient site planning and development. This is a rare opportunity to acquire a well-prepared commercial site in a desirable location. The property includes three potential building pads.

    Property Features for 0 Sec 3 Oaks & Georgetown

    General Information

    Property type
    Land
    Lot Size
    290,545 SF

    HighLights

    • Price significantly reduced.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cary
    County
    McHenry
    State
    Illinois
    Longitude
    -88.2662908
    Latitude
    42.2190146

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    FAQs

    What type of property is this?
    Land - Prime Commercial Development Site, Cary, IL
    Where is this land located?
    The property is located at Sec 3 Oaks & Georgetown Cary, IL.
    What is the asking price?
    The asking price for this property is $1,145,000.
    What are key features of this property?
    This property features: Price significantly reduced.; ;
    Request Owner's contact information
    Sec 3 Oaks & Georgetown 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
    Sec 3 Oaks & Georgetown Cary, IL 60013
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