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    188 Northwest Highway

    Cary, IL 60013
    • $1,190,000
    • STATUS: Active
    • ON SITE: 79 days
    • MLS #: 10775859
    $1,190,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,400
      SQFT
    • $83
      $/SQFT
    Type:
    Commercial
    Built:
    1977
    County:

    School Ratings & Info

    Description

    3-Level, 92% leased, office/retail building on Route 14 in a TIF District. Lower level (basement) is on parking lot level with a drive-in door allowing storage uses. Lease with Metra allows extra parking. See attached floor plans. $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. $103,259 NOI or 8.67% CAP. Contact broker for Rent Roll and Operating Statement. 1,085 SF main floor unit will be available for lease on 11/1/2020 for $950/mo gross.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2020-09-26T23:50:11.093 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    188 Northwest Highway Cary, IL 60013

    • Price: $1,190,000
    • Status: Active
    • MLS #: 10775859
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    14,400
    SQFT
    $83
    $/SQFT
    1977
    Built
    Neighborhood:
    Cary / Oakwood Hills / Trout Valley
    County:
    McHenry
    Area:
    Cary / Oakwood Hills / Trout Valley
    Property Description
    3-Level, 92% leased, office/retail building on Route 14 in a TIF District. Lower level (basement) is on parking lot level with a drive-in door allowing storage uses. Lease with Metra allows extra parking. See attached floor plans. $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. $103,259 NOI or 8.67% CAP. Contact broker for Rent Roll and Operating Statement. 1,085 SF main floor unit will be available for lease on 11/1/2020 for $950/mo gross.
    Exterior Features

    Construction Brick Docks None Foundation Concrete Frontage Access State Road Location Mixed Use Area Lot Dimensions 275X31X275X200 Lot Sq Ft 25973 Number Of Parking Spaces 40 Number Of TLDocks 0 Roof Coverings Rubber Roof Structure Flat

    Interior Features

    Air Conditioning Central AirCentral Individual Fire Protection Fire Extinguisher/S Floor Finish CarpetConcreteTileVaries Miscellaneous Inside Inside Corridor/SPublic Restroom/SBasement Number Of Drive In Doors 1 Number Of Stories 3 Outdoor Parking 31-50 SpacesOpenPrivate Lot

    Property Features

    Age 36-50 Years Built Before1978 YN Yes Current Use CommercialOffice And ResearchOther Electrical Service Circuit BreakersSeparate Meters101-200 Amps Estimated Cam SF 0 Expense Year 2019 Exterior Building Type Brick Extra Storage Spaces Available YN Yes Geographic Locale Northwest Suburban Gross Rentable Area 14400 Gross Rental Income Amount 152244 Heat Ventilation Central Heat/Indiv ControlsForced AirGas Investment YN Yes Lease Type Gross Max Avail Sq Ft Rentable 1085 Min Avail Sq Ft Rentable 1085 Miscellaneous Outside Security Lighting Monthly Rental Price 950 Net Oper Income Amount 103259 Net Operating Income Year 2019 Net Rentable Area 12670 Number Of Tenants 3 Possession ClosingNegotiableTenant's Rights Potential Use CommercialOffice And ResearchRetail Property Offered For Sale Or Rent Rental Price 10.5 Sale Terms Conventional Tax Year 2019 Taxes 14707.8 Tenant Pays Air ConditioningElectricHeatVaries By Tenant Total Annual Exp 41658 Total Annual Expense Source Owner Projection Total Annual Income 152244 Total Monthly Income 12687 Township Algonquin Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSeptic-PrivateWell-Private Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Premier Commercial Realty.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2020-09-26T23:50:11.093 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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