10 Main St Cary, IL 60013
- Commercial real estate
- 8,280 SF
- 0.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 10 Main St
- Year built
- 1978
- Lot size
- 0.50 lot acres
- Property size
- 8,280 SF
- Property type
- Commercial real estate
- APN
- 19-13-229-027
- APU
- 1913229027
Description
This exceptional 8,280 square foot multi-tenant office building is strategically located on a traffic light corner at the intersection of Main Street (Route 14) and First Street in Cary, Illinois. Its prime location ensures high visibility and accessibility for businesses. The property boasts ample parking for tenants and employees, a significant advantage in a busy commercial area. Adding to its appeal, the building enjoys a tranquil rear setting, backing onto a picturesque green space and pond, offering a peaceful and attractive environment. The property sits on a 0.33-acre lot. This presents a unique opportunity for investors and businesses seeking a well-situated, attractive office space. Importantly, this property is located within the Village of Cary Tax Increment Financing District (#3), which may offer potential tax advantages. The asking price for this exceptional property is $740,000. This represents a compelling investment opportunity in a thriving commercial area. The building's prominent location, ample parking, and serene rear setting combine to create a highly desirable commercial property. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $340,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $385,000
- Mixed-Use
- $315,000
- Hospitality
- $350,000
- Educational
- $285,000
- Residential Income
- $370,000
- Energy
- $325,000
- Income-Based Land
- $350,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- Cary
- County
- Mchenry
- State
- Illinois
- Longitude
- -88.2386
- Latitude
- 42.2091
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA