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Listing provided courtesy of Century 21 UtmostMREDas Distributed by MLSGrid- MLS# 12336718MLS Provider

270-296 Cary Algonquin AvenueCary, IL 60013

Commercial · 8,320 Sq. ft.
$1,650,000 Active

270-296 Cary Algonquin Avenue Overview

Time on Site:
443 days
Visits:
17

Welcome to the fully leased retail strip center! Cary Oaks Plaza, located at 270-296 Cary Algonquin Road in Cary, Illinois, is a neighborhood strip mall anchored by a 7-Eleven convenience store. Constructed in 1994, the plaza encompasses approximately 8,320 square feet and sits on a 0.864-acre lot. The center offers multiple retail spaces, including a 900-square-foot suite and a 1,620-square-foot end-cap unit featuring a rare drive-thru window. These spaces are suitable for various uses such as retail, medical, personal care, boutique fitness, and office operations. The location benefits from significant foot traffic and visibility, with nearly 13,000 vehicles passing by daily. Adjacent to a large residential development, Cary Oaks Plaza provides ample parking with 42 surface spaces. The property has undergone recent upgrades. Notable tenants include a 7-Eleven convenience store. The plaza's strategic location and diverse tenant mix make it a central hub for the surrounding community. The Plaza's low maintenance, stable income stream, and growth potential make it an excellent fit for investors seeking reliable returns and long-term appreciation.

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270-296 Cary Algonquin Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 8,320
  • Price/Sq.ft. $198

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Gross Income: 150600
  • Gross Scheduled Income: 150600
  • Net Operating Income: 108918

Building Information

  • Year Built: 1994

Location/Region

  • County Or Parish: McHenry
  • MLS Area Major: Cary / Oakwood Hills / Trout Valley

Tax Information

  • Tax Annual Amount: $21,564.00
  • Tax Year: 2023

General Information

  • Parcel Number: 1914428006
  • Property Sub Type: Shopping Center
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 8320

General Information

  • Cooling: Central Individual
  • Electric: Circuit Breakers
  • Leasable Area: 2500
  • Stories: 1

Unit Information

  • Unit SqFt.: 8320

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: .87
  • Lot Size Square Feet: 37885

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Composition

270-296 Cary Algonquin Avenue Neighborhood

Community

60013 (CARY) Demographics

40
Median Age
1,724
Population Density (per sq. mile)
54%
College Educated
$107,920
Estimated Median Income
8,467
Estimated Total Home Owners
1,080
Estimated Total Renters
89% / 11%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

270-296 Cary Algonquin Avenue Monthly Cost

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$
Marc Churchill
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

270-296 Cary Algonquin Avenue Market Data

Based on the last 30 days in this zip code

$479,515
Average List Price
$182
Average Price per Square Foot
30
Properties Sold
35
Average Days on Market
70
Properties for Sale
Calculations provided by Reliance Network

270-296 Cary Algonquin Avenue History

Date Event Value Agent
4/17/2025Source: MRED Status Change
Active
4/12/2025Source: MRED Added to Database
April 12, 2025