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$1,650,000
Est. payment /mo
8,320 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 8,320 sqft
Price per Sqft $198
MLS Listing ID 12336718
Year Built 1994
Annual Tax Amount $21,564
Tax Year 2023
Lot Dimensions .87
Property Sub-Type Retail/Stores
Property Description
Welcome to the fully leased retail strip center! Cary Oaks Plaza, located at 270-296 Cary Algonquin Road in Cary, Illinois, is a neighborhood strip mall anchored by a 7-Eleven convenience store. Constructed in 1994, the plaza encompasses approximately 8,320 square feet and sits on a 0.864-acre lot. The center offers multiple retail spaces, including a 900-square-foot suite and a 1,620-square-foot end-cap unit featuring a rare drive-thru window. These spaces are suitable for various uses such as retail, medical, personal care, boutique fitness, and office operations. The location benefits from significant foot traffic and visibility, with nearly 13,000 vehicles passing by daily. Adjacent to a large residential development, Cary Oaks Plaza provides ample parking with 42 surface spaces. The property has undergone recent upgrades. Notable tenants include a 7-Eleven convenience store. The plaza's strategic location and diverse tenant mix make it a central hub for the surrounding community. The Plaza's low maintenance, stable income stream, and growth potential make it an excellent fit for investors seeking reliable returns and long-term appreciation.
Location
State IL
County Mchenry
Area Cary / Oakwood Hills / Trout Valley
Zoning COMMR
Interior
Cooling Central Individual
Fireplace N
Exterior
Roof Type Composition
Building
Dwelling Type Retail/Stores
Level or Stories 1
Structure Type Brick
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Listed by Grace Ryu • Century 21 Utmost