Property Attributes
- MLS#11711572
- TypeCommercial
- CountyDE KALB
- CitySycamore
- AreaSycamore
- Zip60178
- StyleOffice
- Year Built2002
- Taxes$ 10102
- Price$ 540,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2886
- Lot Size1.28 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Excellent investment opportunity. Leased with a national tenant since 2014. Gross income for 2022 was approximately $65,784 with net income of $44,682. CAP rate of 8.2% based on 2022 income. Rent increases 2.5% annually. Condo Association takes care of the common area maintenance. The 2,886 SF brick office condo is located in an established high end area of medical and professional buildings of the Midlands Professional Campus of Sycamore, IL. Centrally located DeKalb and Sycamore. The condo features suites and conference room. Great privacy since the building consists of only 2 condo units.
Price History | |
---|---|
2/13/2024 | Listed $540,000 |
General Features
Cooling | Central Air |
---|---|
Roof | Composition |
Zoning | OFFIC |
Construction Materials | Brick |
Year Built | 2002 |
Electric | Circuit Breakers |
Tenant Pays | Air Conditioning,Common Area Maintenance,Electricity,Heat,Janitorial Service,Taxes,Insurance |
Stories | 1 |
Unit Number | 1 |
Property SubType | Condominium |
Tax Year | 2021 |
Current Use | Office |
Gross Income | 65784 |
County | De Kalb |
Net Operating Income | 44682 |
Operating Expense | 11000 |
Property Type | Commercial Sale |
Status | Active |
Directions | From State Hwy 23 to Bethany Rd.,east to Aberdeen Court |
City | Sycamore |
Total Units | 1 |
MLS Area | Sycamore |
Lot Size Square Feet | 55756 |
Street Name | Aberdeen |
Tax Annual Amount | 10102 |
Additional Parcels Y/N | No |
Leasable Area | 2866 |
Days on Market | 382 |
Standard Status | Active |
Property Type | Office/Tech |
Interior Features
Street Suffix | Court |
---|
Exterior Features
Building Area Total | 2886 |
---|---|
Lot Dimensions | 1.28 ACRES |
Lot Size Acres | 1.28 |
Frontage Type | City Street |
Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool