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.
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
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.