$585,120
$699,000
16.3%For more information regarding the value of a property, please contact us for a free consultation.
270 CARY-ALGONQUIN Road Cary, IL 60013
8,500 SqFt
Key Details
Sold Price $585,120
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 8,500 sqft
Price per Sqft $68
MLS Listing ID 10114830
Sold Date 05/30/19
Year Built 1994
Annual Tax Amount $23,754
Tax Year 2017
Lot Dimensions 185X189
Property Description
Auction! $699,000 is suggested opening bid not asking price; reserve price is higher. This retail shopping center is approximately 8,500 sf and has 6 individual units. A value add opportunity for an investor, this center currently has 2 units that are leased. A 7-11 convenience store is the anchor tenant and the other tenant is a dry cleaning business. Both tenants have been in place for over 10 years and are in long term auto renewal leases. Each unit has its own dedicated gas/electrical meter and HVAC systems. The building has been meticulously maintained and the roof and mechanicals are annually inspected with no known issues or leaks. Unit 6 (leased by the 7-11) is approximately 2,500 sf; Units 4 and 5 are approximately 2,005 sf each; Units 2 and 3 are approximately 900 sf each; Unit 1 (leased by the dry cleaners) is approximately 1,800 sf. Units 2-5 may be combined.
Location
State IL
County Mc Henry
Zoning COMMR
Interior
Cooling Central Individual
Fireplace N
Exterior
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Brick
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Bought with Diana Peterson • AW Properties Global/Auction Works