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Listed by Matthew Hoffmanof Hoffman Realty
$ 540,000
Est. payment | /mo
2,886 SqFt
$ 540,000
Est. payment | /mo
2,886 SqFt
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 2,886 sqft
Price per Sqft $187
MLS Listing ID 12483956
Year Built 2002
Annual Tax Amount $11,653
Tax Year 2024
Lot Size 1.280 Acres
Lot Dimensions 1.28 ACRES
Property Sub-Type Office/Tech
Property Description
Excellent investment opportunity. Leased with a national tenant since 2014. Gross income for 2024 was approximately $65,784 with income of $44,682. CAP rate of 8 based on 2024 income. Rent increases 2.5 annually. Condo Association takes care of the common area maintenance. The 2,886 SF brick office condo is located in an established high end area of medical and professional buildings of the Midlands Professional Campus of Sycamore, IL. Centrally located DeKalb and Sycamore. The condo features suites and conference room. Great privacy since the building consists of only 2 condo units.
Location
State IL
County Dekalb
Zoning OFFIC
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Roof Type Composition
Building
Structure Type Brick
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