Property summary
This exceptional multi-tenant commercial building, located at 179 South Northwest Highway in Cary, Illinois (60013), presents a compelling investment opportunity. The property boasts 4,000 square feet of leasable space, divided among four units, and sits on a sizable 16,059 square foot lot. The building, constructed in 1950, comprises two structures, each with a full basement. Recent capital improvements include a new roof (installed in 2022 at a cost of $50,000), and new windows and doors… within the past five years. The property benefits from a prominent location on busy Route 14, offering 147 feet of frontage and visibility to 25,500 vehicles per day, along with monument signage. Currently fully leased through April 14, 2025, at a gross monthly rent of $2,700, with 90-day cancellation rights for both landlord and tenant, the property generates a strong net operating income (NOI) of $35,067, resulting in a 9.35% cap rate. The asking price is $375,000, translating to $93.75 per square foot. The property is zoned B-3 and situated within a Tax Increment Financing (TIF) district, offering potential for redevelopment. The tenant holds a right of first refusal to purchase. Showings are by appointment only.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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