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    3 4 Rte 14 Cary, IL 60013

    Sponsored
    For Sale
    $599,832

    1.97 Acres, B-3 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.97-acre commercial land parcel in Cary, Illinois, presents a unique investment opportunity. Comprising three separate parcels (APN: 2018177026, 027, 028), this B-3 zoned property boasts a high-traffic location on Route 14, directly adjacent to a CVS and across from a former Burger King and Thornton's Gas station. The site offers dual access points to Route 14 and East Main Street, providing excellent visibility and convenient access. With over 27,600 vehicles passing daily, this property benefits from a prominent 250-foot frontage on Route 14 and a 139-foot frontage on East Main Street. Concept plans for retail and/or fast-food development are available, along with completed soil reports and Phase I/II environmental studies. The seller, a bank, is actively seeking to facilitate financing for qualified buyers, making this an attractive proposition for developers seeking a prime location with significant development potential. The asking price is $599,832. This is a rare opportunity to acquire a well-situated commercial property in a thriving area.

    Property Features for 3 4 Rte 14

    General Information

    Property type
    Land
    Lot Size
    85,813 SF

    HighLights

    • 1.97‑acre commercial land parcel in Cary, IL, ideal for retail or fast‑food development.
    • Three parcels (APN: 2018177026, 027, 028) totaling 1.97 acres, B‑3 zoning.
    • High‑traffic location on Route 14, adjacent to CVS, across from former Burger King and Thornton's.
    • Dual access points from Route 14 and East Main Street, offering excellent visibility and accessibility.
    • 250‑foot frontage on Route 14 and 139‑foot frontage on East Main Street, with over 27,600 vehicles passing daily.
    • Concept plans, soil reports, and Phase I/II environmental studies available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cary
    County
    Mchenry
    State
    Illinois
    Longitude
    -88.2363819
    Latitude
    42.2128686

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    FAQs

    What type of property is this?
    Land - 1.97 Acres, B-3 Zoning, Prime Location
    Where is this land located?
    The property is located at 3 4 Rte 14 Cary, IL.
    What is the asking price?
    The asking price for this property is $599,832.
    What are key features of this property?
    This property features: 1.97-acre commercial land parcel in Cary, IL, ideal for retail or fast-food development.; Three parcels (APN: 2018177026, 027, 028) totaling 1.97 acres, B-3 zoning.; High-traffic location on Route 14, adjacent to CVS, across from former Burger King and Thornton's.
    Request Owner's contact information
    3 4 Rte 14 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
    3 4 Rte 14 Cary, IL 60013
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