215 W Elm St - Medical FOR SALE
Sycamore, IL 60178 |
312-237-0290
215 W Elm St
Sycamore, IL 60178
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.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Historic Office/Multifamily | Downtown
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Loft/Creative Space, Telecom Hotel/Data Hosting, Office/Residential
TOTAL BUILDING SIZE
-
STORIES
3
BUILDING CLASS
C
YEAR BUILT
1920
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.11 AC
LAND SF
4,792 SF
ZONING
C-2
APN/PARCEL ID
06-32-259-012
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
312-237-0290
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
312-237-0290
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
