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Description
SOLD
Suggested Opening Bid: $699,000
Buyer’s Premium: 6%
Cooperating Broker’s Commission: 2%
Built: 1994
Lot Size: Approx. .87 Acres
Building Size: Approx. 8,500 SF
Units: 6
Occupied: 25%
2017 Taxes: $23,754.12
PIN #: 19-14-428-006
Zoning: B4
This retail shopping center is approximately 8,500 sf and has 6 individual units. A value add opportunity for an investor, this center currently has 2 units that are leased. A 7-11 convenience store is the anchor tenant and the other tenant is a dry cleaning business. Both tenants have been in place for over 10 years and are in long term auto renewal leases.
Each unit has its own dedicated gas/electrical meter and HVAC systems. The building has been meticulously maintained and the roof and mechanicals are annually inspected with no known issues or leaks.
Unit 6 (leased by the 7-11) is approximately 2,500 sf; Units 4 and 5 are approximately 2,005 sf each; Units 2 and 3 are approximately 900 sf each; Unit 1 (leased by the dry cleaners) is approximately 1,800 sf. Units 2-5 may be combined.
Located at 270 Cary/Algonquin Rd. This retail shopping center is well located just South of Main Street on the West side of Cary/Algonquin Rd in the Village of Cary. Main Street is an East/West street that is just Southwest of Route 14. Cary/Algonquin Road is a North/South road.
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- You may now download the document.
Total Bids Placed:
Auction has expired
Auction Expired because there were no bidsAuction started | May 30, 2019 12:00 am CDT |
Auction Information
ONLINE-ONLY AUCTION
Bidding Starts: May 30, 2019 12:00 am CDT
Bidding Ends: May 30, 2019 12:00 pm CDT
Location: 270-296 Cary Algonquin Road, Cary, IL, 60013
How to Submit Pre-Auction Bid
Click on the Pre-Auction Offer Form button on the property page and submit your bid with proof of funds.
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BID APPROVAL PROCESS:
Review all information and due dilligence documents posted on the property listing on our website.
Read the Terms and Conditions and Purchase and Sale Agreement posted on the property listing on our website.
Wire or overnight the certified funds required to bid on the property (for amount required see Terms and Conditions).
Click the “Register to Bid” button.
You will receive an email notifying you that you have been approved to bid on the property.
If you have any questions, contact us. We would be happy to assist you.
For wiring instructions email: info@awproperties.com or call 847-509-2757.
There is a 6% Buyer's Premium in effect for this auction.
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