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215 W Elm St
Sycamore, IL 60178 DeKalb

Price Upon Request

Medical For Sale • 14,000 SF

Property Details

Property Type Medical
Total Building Size 14,000 SF
Lot Size 0.11 AC
Building Class C
Year Built 1920
Tenancy Multiple
Zoning C-2

0 Transit Score

84 Walk Score

                
                    Highlights
                
                                95.89% occupied historic downtown investment opportunity with great value-add potential at a high NOI. 
                            
                                Flexible rent structure and superb downtown location allow a buyer the opportunity to renew or re-tenant at higher rental rates.
                            
                                Having tenants pay for their own utilities (gas, electricity, and water) will substantially reduce the operating costs and increase NOI.
                            
                                The current NOI is $78,034. We will assess the price using a cap rate of 8% to 10%.
                            
                                Appraised at $850,000 in 2014 and more than $200,000 invested in capital improvements.
                            
                                Well maintained and constantly updated, this property is situated in a vibrant neighborhood.

Amenities

Signage
Storage Space
Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
Chicago/Rockford International	52 min	-	34.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

215 W Elm St OFF MARKET Sycamore, IL 60178 DeKalb OFF MARKET