4 Parcel Portfolio Sale: Downtown Cary 4 Land Properties Offered at $1,700,000 in Cary, IL

This rare 4-parcel portfolio in the heart of Downtown Cary, IL presents a prime redevelopment opportunity for investors and developers seeking a strategic foothold in a vibrant suburban market. Spanning over 35,000 square feet across four parcels, the offering includes a mix of land, multifamily, and commercial assets with flexible B1 and B2 zoning.
The site features two buildings, including a fully leased four-unit apartment building with month-to-month tenants, allowing for immediate income and future repositioning.
Located steps from Cary’s Main Street and surrounded by local favorites like Tracks Bar & Grill, Uncle Jerry’s Pizza, and 750° Cucina Rustica, the parcels benefit from strong visibility and walkable access to retail, dining, and services. The 122 W Main Street parcel currently operates as a paid parking lot, adding utility and potential for future vertical development. The double lot at 104 High Road offers additional scale and optionality, with potential adjacent acquisitions available.
With a competitive asking price of $1.7M and a per-square-foot valuation under $50, this portfolio is ideal for multifamily, mixed-use, or commercial redevelopment. The site’s proximity to the Metra station, local businesses, and residential neighborhoods enhances its appeal for both tenants and future buyers. Whether repositioned as boutique apartments, retail storefronts, or a hybrid concept, this portfolio offers unmatched flexibility in a growing market.