10 W Main St 7,900 SF 73% Leased Office Building Cary, IL 60013 $740,000 ($93.67/SF) 9.50% Cap Rate

INVESTMENT HIGHLIGHTS

  • Traffic Light Corner
  • Visibility & Signage
  • Good Tenant Mix
  • Ample Parking
  • Flexible Floor Plans

EXECUTIVE SUMMARY

High profile INVESTMENT PROPERTY. 8,280 square foot, multi-tenant office building. Investment or Owner/User opportunity. AMAZING VISIBILITY - Traffic light corner on MAIN ST. (Rt. 14) and 1st Street. Ample parking and the building backs up to a pond.
The property is located within the planning area for the Village of Cary’s Downtown Cary Strategic Plan (adopted June 2021) and the newly created Central Cary Tax Increment Financing District – TIF #3 (adopted August 2023).
Link to Downtown Plan: Downtown Cary Strategic Plan
Link to TIF #3 Information: Village Website / Map of Approved TIF #3 Area

ATTACHMENTS

one-page FLYER

FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
7,900 SF
Building Class
B
Year Built
1975
Price
$740,000
Price Per SF
$93.67
Cap Rate
9.50%
NOI
$70,310
Percent Leased
73%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,140 SF
Building FAR
0.55
Lot Size
0.33 AC
Zoning
B-1, Cary
Parking
25 Spaces (3.02 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 2nd Floor
  • 2,100 SF
  • Office
  • Full Build-Out
  • Now

up to 2,100 square feet available - divisible. Small private offices available. Large open areas with windows. Common area restrooms. GROSS lease.

Space Size Space Use Condition Available
2nd Floor 2,100 SF Office Full Build-Out Now

2nd Floor

Size
2,100 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

PROPERTY TAXES

  • Listing ID: 29325144

  • Date on Market: 8/21/2023

  • Last Updated:

  • Address: 10 W Main St, Cary, IL 60013