179-181 S. Northwest Hwy. (Route 14) | 179-181 S Northwest Hwy
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179-181 S. Northwest Hwy. (Route 14) 179-181 S Northwest Hwy
4,000 SF Vacant Retail Building Cary, IL 60013 $375,000 ($94/SF)
Investment Highlights
- Excellent location on busy Route 14
- Fully leased through April 14, 2024
- Excellent signage
Executive Summary
Fully Leased Multi-Tenant
Commercial Building in TIF District
Price Reduced! 4,000 SF Multi-tenant office/retail building on corner of busy Route 14 with 147’ frontage with 25,500 vpd and monument signage.
Full basements under both units. New $50,000 roof on 179 side installed in 2022. New windows and doors within past five years. Great for user/investor.
Property is in TIF District and also has redevelopment potential. Entire property is leased through 4/14/25 at $2,700/month Gross with 90 day cancellation rights by either party. Tenant has right of first refusal to purchase. Owner is licensed real estate broker. Shown by appointment only. Do not bother tenant.
Commercial Building in TIF District
Price Reduced! 4,000 SF Multi-tenant office/retail building on corner of busy Route 14 with 147’ frontage with 25,500 vpd and monument signage.
Full basements under both units. New $50,000 roof on 179 side installed in 2022. New windows and doors within past five years. Great for user/investor.
Property is in TIF District and also has redevelopment potential. Entire property is leased through 4/14/25 at $2,700/month Gross with 90 day cancellation rights by either party. Tenant has right of first refusal to purchase. Owner is licensed real estate broker. Shown by appointment only. Do not bother tenant.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$8,921
|
$2.23
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,921
|
$2.23
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $8,921 |
| Annual Per SF | $2.23 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $8,921 |
| Annual Per SF | $2.23 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
C
Year Built
1950
Price
$375,000
Price Per SF
$94
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.37 AC
Zoning
B-3
Parking
12 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $96,378 | |
| Land Assessment | $48,987 | Annual Taxes | $8,921 ($2.23/SF) |
| Improvements Assessment | $47,391 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$48,987
Improvements Assessment
$47,391
Total Assessment
$96,378
Annual Taxes
$8,921 ($2.23/SF)
Tax Year
2023
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179-181 S. Northwest Hwy. (Route 14) | 179-181 S Northwest Hwy
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