Marengo area 9,628 sf bar/restaurant with living quarters and outdoor service bar/patio with volleyball courts.  Nearly 5 acres.

3,098 sf free-standing masonry commercial building formerly used as small engine repair/sales/service shop.  10x10 drive-in door.  Fenced storage. Fantastic deal!

Premier is honored to be involved as listing broker for one of the largest commercial deals in the area.  The Parkway Bank hired us to market some commercial land in Cary that the bank took back from a party in a foreclosure.  A particular 27 acre parcel on Three Oaks Road caught the attention of neighboring giant, Sage Products, who was itself bought this year by Stryker Corp.  Sage is one of McHenry County's largest employers and reputedly one of the best places to work.  It is also one of the most charitable and community involved companies in the County

Hurdles to getting this expansion project to happen include vacating (closing) the road (Sage Parkway) so that they can build where the road now is.  The Village owns the road but the land for that road was donated to the Village when the initial Sage project was conceived in 2001.  The other hurdle is to change the zoning from B-2 to BP (Business Park).  The Cary Village Board will vote on the re-zoning on November 1 at their regular meeting.  As listing broker for the property, it is hard to conceive why the Village would not approve this beneficial project. Making productive use of a huge parcel that would eventually house a 810,000 square foot addition and employ 350 more people by 2021 is in the best interest of the Village.  Sage currently pays approximately $700,000 a year in real estate taxes.  When complete, the entire Sage owned property will generate well over $1 million in real estate taxes to all the taxing bodies.  In spite of that, several residents of the adjacent Cambria subdivision voiced objection to the project at an October 13 zoning hearing citing truck traffic, noise, intrusive lighting and potential damage to property values.  Some expressed concern about what would happen if Sage pulled out of Cary and left us with a million plus square foot vacant monstrosity like Motorola in Harvard.  Sage appears to be committed to work with the neighbors to minimize any potential negative impact to the adjacent properties.  It's a joy to see them so sensitive to the nearby residents' concerns. They truly want to be good neighbors.

If all goes well, the first phase of this project will be done in 2018 and the second phase by 2021.  Some people think the site should be reserved for a retail project. From a broker's standpoint, the traffic counts on Three Oaks are not likely to attract a major retailer.  The demographics in Cary have also been a deterrent to retail development meaning we just don't have a large enough population to compete with the likes of Crystal Lake, McHenry, Algonquin, Lake in the Hills and Woodstock.  Cary needs more residents to attract substantial retail development.

Congratulations to Cary for attracting Sage to the Village when they could have expanded just about anywhere.