Technical
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Property profile

502 Northwest Hwy Cary, IL 60013

OFF-MARKET
Retail properties & Spaces
26,015 SF Built 1996
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1996
Total area 26,015 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Take-out & Catering
  • Hardware & Home Improvement Building Supply

Location

502 Northwest Hwy Cary, IL 60013
Cary metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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