Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Us-14 Cary, IL 60013

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    30 Acres, Prime Location, High Potential

    Property Features for 0 Us-14

    General Information

    Property type
    Land
    Lot Size
    1,306,800 SF

    We can help!

    Listing Contact
    Ted Wagner
    Ted Wagner

    Listing Agent: Ted Wagner

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

    Learn more

    Overview

    This exceptional 30-acre property in Cary, Illinois, presents a unique investment opportunity. Strategically located on US Route 14 and the picturesque Fox River, this land offers nearly 12 buildable acres, ideal for residential, commercial, or mixed-use development. The property's prime location ensures high visibility and easy accessibility, while its inclusion in a Tax Increment Financing (TIF) district provides significant financial incentives for development, including potential infrastructure improvements and property tax rebates. Extensive engineering and boring tests have confirmed the buildable acreage. The Fox River adds natural beauty and recreational opportunities, enhancing the property's appeal. Cary's vibrant community, strong growth, and proximity to major transportation routes, including the Metra train line, make this a compelling investment. Priced at $3,000,000, this 30-acre parcel offers substantial potential for return on investment, capitalizing on Cary's expanding population and thriving market. The combination of location, buildable land, and TIF benefits makes this a highly competitive offering. This property is situated near the intersection of Route 14 and Spring Beach Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cary
    County
    McHenry
    State
    Illinois
    Longitude
    -88.22614
    Latitude
    42.204335

    Nearby Similar for Sale

    • $740,000
      8,280 SF

      Cary Office Building - Main Street Corner

      High-visibility office building, ample parking, great location.
      10 Main St, Cary, IL 60013
      View Details
    • $850,000
      3,600 SF

      Cary Multifamily Investment Opportunity

      Seven-unit Cary apartment building, high occupancy.
      109 Cary St, Cary, IL 60013
      View Details
    • Contact for pricing

      Office/Retail Building on Route 14

      1400 sq ft office/retail building on busy Route 14.
      181 S Northwest Hwy, Cary, IL 60013
      View Details
    • $375,000
      4,000 SF

      Prime Cary Commercial Building

      Fully Leased, High-Traffic Location
      179-81 Northwest Hwy, Cary, IL 60013
      View Details
    • $1,799,000
      18,434 SF

      Cary Office Building Investment

      18,434 SF Office Building, 8.9% Cap Rate
      2615 3 Oaks Rd, Cary, IL 60013
      View Details
    • Contact for pricing

      Updated Townhome with Modern Amenities

      Well-maintained 3-bedroom townhome with updated kitchen and bathrooms.
      60 Forest Ln, Cary, IL 60013
      View Details
    • $224,900

      Charming Townhome with Bonus Room

      Spacious 3-bedroom townhome with bonus room and community pool.
      50 Bright Oaks Cir, Cary, IL 60013
      View Details
    • $2,950,000
      50,427 SF

      150 Chicago St, Cary, IL 60013

      Investment properties • 50,427 SF
      150 Chicago St, Cary, IL 60013
      View Details

    FAQs

    What type of property is this?
    Land - 30 Acres, Prime Location, High Potential
    Where is this land located?
    The property is located at Us-14 Cary, IL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 30-acre land parcel for sale in Cary, IL for $3,000,000.; Located on US Route 14, offering high visibility and accessibility.; Situated within a Tax Increment Financing (TIF) district, providing potential development incentives.
    (847) 630-8920 Call to check price and availability
    Request Owner's contact information
    Us-14 Cary, IL 60013
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Us-14
    Cary, IL 60013
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Us-14 Cary, IL 60013
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ted Wagner
    Ted Wagner
    (847) 630-8920
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!