1430 Dekalb AveSycamore, IL 60178

  • Commercial real estate
  • 0.50 AC
For Sale
$299,900 View listing

Property Details for 1430 Dekalb Ave

Lot size
0.50 AC
Property type
Commercial real estate
APN
09-06-126-013
APU
906126013

Description

This exceptional 4,560 square foot brick office building in Sycamore, IL, presents a compelling investment opportunity. The property boasts four individual suites, three currently occupied by tenants under lease agreements, and one month-to-month tenant. Many tenants have enjoyed long-term occupancy, demonstrating the building's desirability and stable rental income. The sale includes a contingency: the new owner must agree to a one-year lease with the current owner. A detailed rent roll is available upon request, providing a comprehensive overview of current income streams. The building sits on a half-acre lot and features convenient access via a shared driveway, subject to an existing easement and right-of-way agreement. Please note that showings require 24-hour advance notice and the presence of both second-floor tenants. The elevator is currently non-functional. The building is offered "as is," and a metal plaque near the entrance may be removed by the seller before closing. This property offers a unique chance to acquire a well-located office building with established tenancy in a thriving community. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,501,358
    Hospitality
    $4,123,219
    Educational
    $3,430,470
    Medical
    $3,548,449
    Retail
    $5,336,286

Location Insight

City
Sycamore
County
Dekalb
State
Illinois
Latitude
41.9785
Longitude
-88.7114
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,142
$43,060
$126,496
$169,556
-
$129,180
$379,488
$508,668

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