Cary, IL 60013 2615 Three Oaks Road

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Presented By: Premier Commercial Realty
  • MLS# 12201990
  • 11/01/2024
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  • SQFT • 18,434

Home Details

Investment Opportunity 18,434 SF 2-Story Office Building w/ Heavy Medical Tenancy Silver Lake Professional Building. 2-story masonry office building currently 77% leased. 13 tenants ranging from 160 SF to 3,822 SF with 3 vacancies ranging from 160SF to 1,688 SF. First floor includes common break room, conference room and bathrooms on each floor. Elevator equipped, ample parking . Northwestern Medicine and Cary Grove Dental are anchor tenants. Offered at a 8.9% cap rate based on in place income. Current owner has made $394,000 of upgrades in the last three years. Located next to the Cary Post Office overlooking Jaycee Park pond with Electric monument signage. Seller is a licensed real estate broker. Contact Broker for Rent Roll and Operating Statement.
Presented By: Premier Commercial Realty

Interior Features for 2615 Three Oaks Road

Other Interior Features

FlooringCarpet, Tile, Varies

General for 2615 Three Oaks Road

Additional Parcels Y/NNo
CityCary
Construction MaterialsBrick
ContingencyOther Contingency
CoolingCentral Air
CountyMcHenry
DirectionsRt 14 to Three Oaks. East on Three Oaks to property next to Cary post office
ElectricCircuit Breakers, Separate Meters, Service - 101 to 200 Amps
Gross Income267198
Leasable Area
Lot Size Square Feet81021
MLS AreaCary / Oakwood Hills / Trout Valley
Net Operating Income160773
Number Of Units Total16
Operating Expense106425
PossessionClosing, Negotiable, Tenant's Rights
Possible UseCommercial, Office
Property SubtypeOffice
Property TypeCommercial Sale
Property TypeOffice/Tech
RoofComposition
Standard StatusActive Under Contract
StatusContingent
Stories2
Tax Annual Amount31261
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
TownshipAlgonquin
UtilitiesNatural Gas Available, Sewer Connected
Year Built1998
ZoningCOMMR

Exterior for 2615 Three Oaks Road

Building Area Total18434
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions1.86 ACRE
Lot Size Acres1.86
Water SourceMunicipal Water

Additional Details

Price History

Client Care

Price $1,799,000
MLS#12201990
List Date 11/01/2024
Property Type Contingent
Phone 847.485.2500
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