303-343 E State - Storefront FOR SALE


Sycamore, IL 60178
$1,500,000 USD
630-301-2999
303-343 E State, Sycamore, IL for Sale
$1,500,000 USD
Storefront - FOR SALE
1/32
null | 10.29% Cap Rate

303-343 E State
Sycamore, IL 60178


HIGHLIGHTS

  • 10 Year remaining roof warranty
  • Newer Parking Lot
  • 2019 Renovation

OVERVIEW

This multi tenant retail and office center is over 80% occupied. The build-ing was originally constructed in 1980 and completely rehabbed in 2019. The seller renovated the entire building with all new wiring; new plumbing; LED lighting; signage; paint; all flooring; exterior steel doors; garage doors; and 2 of 3 new HVAC rooftop units. Positioned along Route 64 in down-town Sycamore, the property consists of +/- 19,000 SF of convenient space. The frontage provides excellent visibility and accessibility. The property has a 20,383 population within a 3 mile radius with an average household income of $97,725. Investors have an opportunity to maintain existing cash flow in addition to value creation by executing new leases and increasing rents.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$79 USD /SF

CAP RATE

10.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

C-2 Central Business

APN/PARCEL ID

06-32-282-013

ASK ABOUT THIS PROPERTY

Ryan CorcoranCorcoran Commercial Real EstateMore Info
630-301-2999

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Ryan CorcoranCorcoran Commercial Real EstateMore Info
630-301-2999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.