This exceptional 7.34-acre parcel, located at Lot 2 Three Oaks Road in Cary, Illinois (60013), presents a unique investment opportunity. Situated at a signalized intersection, this slightly irregular site boasts convenient access and high visibility, just west of an Aldi grocery store. The property is zoned B-2, offering a range of development possibilities. All utilities are readily available on-site, and off-site detention is already in place. Previously bank-owned, the land has undergone engineering and grading, making it ready for immediate development. The asking price is $1,520,000, representing a reduced price of $4.75 per square foot. This prime location makes it ideal for a variety of commercial uses, including a banquet facility. The site features three pads, providing flexibility for multiple buildings or a large-scale development. This is a turnkey opportunity for developers seeking a well-prepared site in a thriving location. Note that additional parcels are available in the immediate area, including a 6.67-acre lot on the southeast corner of Three Oaks and Georgetown Roads, and a 4.51-acre lot with frontage on Georgetown Road. Contact for details on these additional properties.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.