2615 3 Oaks RdCary, IL 60013

For Sale
$1,799,000

18,434 SF Office Building, 8.9% Cap Rate

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a two-story, 18,434 square foot office building situated on a 1.86-acre lot at 2615 Three Oaks Road in Cary, Illinois. The property boasts a prime location adjacent to the Cary Post Office and overlooking the picturesque Jaycee Park pond. Currently 77% leased, the building houses thirteen tenants, ranging in size from 160 to 3,822 square feet, with three vacancies totaling approximately 3,348 square feet. Key tenants include Northwestern Medicine and Cary Grove Dental, providing strong anchors for the property. The building features convenient amenities such as a common break room, conference rooms, and restrooms on each floor, along with an elevator and ample parking. Recent upgrades totaling $394,000 have been completed within the last three years by the current owner. The building is constructed of masonry and benefits from prominent electric monument signage. This offering presents a compelling investment opportunity with an 8.9% capitalization rate based on current income. Financial details, including a rent roll and operating statement, are available upon request. This property is ideal for investors seeking a stable, well-located commercial asset with significant upside potential.

Property Details for 2615 3 Oaks Rd

Property type
Office properties, Other office properties
Square Feet
18,434 SF
Year Built
1998
Lot Size (sq. ft)
81,022 SF

Location Insight

City
Cary
County
McHenry
State
Illinois
Latitude
42.21828
Longitude
-88.25134
2615 3 Oaks Rd, Cary, Illinois

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2615 3 Oaks Rd
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