Investment Opportunity in Cary

Overview

  • Investment For Sale
  • 188 Northwest Highway, Cary, IL 60013.
  • Price: $1,190,000
  • 14,400 sq. ft.

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Multi-Tenant Investment 92% Leased   14,400 SF

 3 Level 92% leased office/retail building on Route 14 in a TIF District. $103,259 NOI or 8.67% CAP. Lower level (basement) is on parking lot level with a drive in door allowing storage uses. $242,000 of improvements since 2014 include: New windows, parking lot, roof tuck pointing, solar electric system, well tank. Top floor has been completely remodeled. Lease with Metra allows extra parking. See attached floor plans. Contact broker for rent roll and operating statement. 1,085 SF main floor unit will be available for lease on 11/1/20 for $950/mo. gross.

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