2615 3 Oaks RdCary, IL 60013

For Sale
$1,799,000

18,434 SF Office, 8.9% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional investment opportunity in Cary, IL, featuring an 18,434 square foot, two-story office building situated on a 1.86-acre lot (APN 19-12-301-040). This property, built in 1998 and zoned B2, boasts a strong 77% occupancy rate with 13 tenants, including prominent anchors Northwestern Medicine and Cary Grove Dental. Unit sizes range from 160 to 3,822 square feet, with three vacancies totaling approximately 1,688 square feet. The building offers convenient amenities such as a common break room, conference rooms, and bathrooms on each floor, along with an elevator and ample parking. Recent upgrades totaling $394,000 have been completed within the last three years. The property enjoys a prime location adjacent to the Cary Post Office, overlooking Jaycee Park pond, and benefits from electric monument signage. The asking price is $1,799,000, representing an attractive 8.9% capitalization rate based on the current net operating income (NOI) of $160,773. Financial statements are available upon request.

Highlights

  • $1,799,000 asking price.
  • 18,434 square foot, two-story office building.
  • 8.90% cap rate, $160,773 NOI, 77% occupancy.
  • 13 units, 1.86-acre lot in Cary, IL.
  • Built in 1998, B2 zoning.

Property Details for 2615 3 Oaks Rd

Property type
Other office properties, Medical offices
Square Feet
18,434 SF
Year Built
1998
Buildings
1
Stories
2
Lot Size (sq. ft)
81,022 SF
Units
13

Location Insight

City
Cary
County
McHenry
State
Illinois
Latitude
42.21834
Longitude
-88.2514086
2615 3 Oaks Rd, Cary, Illinois

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2615 3 Oaks Rd
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