Technical
Financial
Distress signals
Property profile

3 4 Rte Cary, IL 60013

OFF-MARKET
Land
1.97 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 1.97 ac (85,813 SF)

Cap rate & NOI

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

Location

3 4 Rte 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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