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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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