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    502 Northwest Hwy Cary, IL 60013

    Sponsored
    For Lease
    $16 SF/Yr

    High-Visibility Retail Space, Excellent Location

    Lot size:
    26,015 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail storefront, located at 502 NW Highway, offers 1,215 square feet of vacant space within a larger 26,015 square foot retail center. Situated at the highly visible, signalized intersection of Route 14 and Cary-Algonquin Road, this property benefits from significant traffic flow and exposure. The property is strategically positioned between established businesses such as Lou Malnati's Pizza and Anytime Fitness, and is anchored by a Walgreens, ensuring a strong customer base and high foot traffic. Unit 502-B boasts 893 square feet of front retail space, complemented by a 322 square foot back room, providing ample space for various retail operations. The interior features attractive open ceilings and wood laminate flooring. The property includes 53 total parking spaces for customer convenience. The lot size is 3.27 acres, offering potential for expansion or outdoor display areas. The building was constructed in 1996 and has 200 amps of power. Monument signage is available, providing excellent branding opportunities. The property is zoned B-2, allowing for a variety of retail uses. The total monthly rent for this space is $2,370.26. The APN is 19-12-382-001. This is a rare opportunity to secure a prime retail location in a thriving commercial area.

    Property Features for 502 Northwest Hwy

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,015 SF
    Total Rate
    34686.67

    Building Details

    Year Built
    1996

    Unit(s) available at that property

    Space
    Available space 1215
    Size
    1,215 SF
    Rate per SF
    $16

    HighLights

    • 26,015 SF retail storefront on 3.27 acres.
    • Single‑tenant occupancy, 1,215 SF currently vacant.
    • High‑visibility location at the signalized intersection of Route 14 and Cary‑Algonquin Road.
    • Located in a retail center anchored by Walgreens, near Lou Malnati's Pizza and Anytime Fitness.
    • Monument signage available.
    • Unit 502‑B: 893 SF retail space + 322 SF back room, wood laminate flooring, open ceilings, $2,370.26/month rent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Mchenry
    State
    Illinois
    Longitude
    -88.2363819
    Latitude
    42.2128686

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    Nearby Similar for Lease

    • $149,900
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      Route 14 Office/Retail Building

      1,400 SF office/retail building on busy Route 14.
      179-181 S Hwy NW, Cary, IL
      View Details
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      Prime Retail End Cap in Cary

      4,603 SF Fitness Space Available
      504 Northwest Hwy, Cary, IL 60013
      View Details
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      17,073 SF

      Cary Retail Center: Prime Location

      17,073 SF Retail Space Available
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    • $18 SF/Yr
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      Retail Space in Cary, Illinois

      Highly visible retail space in a popular retail center.
      500-504 Hwy NW, Cary, IL
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-Visibility Retail Space, Excellent Location
    Where is this individual retail property located?
    The property is located at 502 Northwest Hwy Cary, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 26,015 SF retail storefront on 3.27 acres.; Single-tenant occupancy, 1,215 SF currently vacant.; High-visibility location at the signalized intersection of Route 14 and Cary-Algonquin Road.
    Request Owner's contact information
    502 Northwest Hwy 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
    502 Northwest Hwy Cary, IL 60013
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