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    330 E State Street

    Sycamore, IL 60178
    • $380,000
    • STATUS: Active Under Contract
    • ON SITE: 10 days
    • MLS #: 11217061
    Under Contract
    UPDATED: 14 min ago
    $380,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1990
    County:
    Area:

    School Ratings & Info

    Description

    Located on the SE corner of E. State St (IL Route 64) and S. Governor St, (ADT is over 9000), at the easterly fringe of the central business district of the city of Sycamore. This parcel consists of 8000 sq. ft. and the well constructed commercial office building, built in 1990 features 4096 sq. ft. two-2BR apartments on the second level collecting $795 per month per unit - the rent alone on these two units pays for the buildings entire operating expenses. The building features 13 total parking spaces, and a one car garage which rents for $300 a year currently. Walking into the main entrance off State St, tenants can access their apartments upstairs. The east office suite (left side) is approx 370 sq. ft. featuring two entrances, one at the foyer, and the other to the common hallway towards the rear of the bldg. This office was home to beloved Betsy Smith and her real estate practice of over 40 years. The west suite features 3 separate offices totaling approx. 500 sq. ft. of space. Great for companies with different dept.'s, or enclose or open a wall to make bigger or smaller as you wish. Connected to the west suites, located at the SW corner of the building is a separate office featuring private half bath, individual electric meter, and private entrance to rear of building. This office space could easily be kept as is and rented right away if desired, or combined with the other spaces as you see fit. The common area features a kitchenette, 2 handicap accessible baths, and a large storage closet. From the common area you can also access another office located at the SE corner currently being used as a salon and rented for $500 per month. There is also a full unfinished dry basement with access door leading outside. The basement also features a built in tornado shelter and has roughed in plumbing if adding a bath is desired. There are multiple setups and variations available for the first floor office floor. If this building is fully rented out, based on local comps, this is easily a 6 cap. Ideally, this property could be suitable for a local business owner with employees who can live near work (upstairs). Come and see this property and see all that it has to offer!

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-24T16:08:37.127 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    330 E State Street Sycamore, IL 60178

    • Price: $380,000
    • Status: Active Under Contract
    • Updated: 14 min ago
    • MLS #: 11217061
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1990
    Built
    Neighborhood:
    Sycamore
    County:
    De Kalb
    Area:
    Sycamore
    Property Description
    Located on the SE corner of E. State St (IL Route 64) and S. Governor St, (ADT is over 9000), at the easterly fringe of the central business district of the city of Sycamore. This parcel consists of 8000 sq. ft. and the well constructed commercial office building, built in 1990 features 4096 sq. ft. two-2BR apartments on the second level collecting $795 per month per unit - the rent alone on these two units pays for the buildings entire operating expenses. The building features 13 total parking spaces, and a one car garage which rents for $300 a year currently. Walking into the main entrance off State St, tenants can access their apartments upstairs. The east office suite (left side) is approx 370 sq. ft. featuring two entrances, one at the foyer, and the other to the common hallway towards the rear of the bldg. This office was home to beloved Betsy Smith and her real estate practice of over 40 years. The west suite features 3 separate offices totaling approx. 500 sq. ft. of space. Great for companies with different dept.'s, or enclose or open a wall to make bigger or smaller as you wish. Connected to the west suites, located at the SW corner of the building is a separate office featuring private half bath, individual electric meter, and private entrance to rear of building. This office space could easily be kept as is and rented right away if desired, or combined with the other spaces as you see fit. The common area features a kitchenette, 2 handicap accessible baths, and a large storage closet. From the common area you can also access another office located at the SE corner currently being used as a salon and rented for $500 per month. There is also a full unfinished dry basement with access door leading outside. The basement also features a built in tornado shelter and has roughed in plumbing if adding a bath is desired. There are multiple setups and variations available for the first floor office floor. If this building is fully rented out, based on local comps, this is easily a 6 cap. Ideally, this property could be suitable for a local business owner with employees who can live near work (upstairs). Come and see this property and see all that it has to offer!
    Exterior Features

    Docks None Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type Us Highway Outdoor Parking 13-18 Spaces Parking Total 13 Roof Composition Roof Structure GablePitched Water Drainage None

    Interior Features

    Cooling Central Air Fireplaces Total 0 Flooring CarpetTileVinylWood Heat Ventilation Ceiling UnitsCentral Bldg HeatForced AirGas Miscellaneous Inside Common Lunchroom/SCommon Meeting Room/SHandicapped AccessMulti-TenantPrivate Restroom/SSkylight/SStorage InsideOtherBasementFurnished Units Available Number Of Dishwashers 0 Number Of Dryers 0 Number Of Ranges 2 Number Of Washers 0

    Property Features

    Additional Parcels YN No Approximate Age 26-35 Years Building Area Total 4096 Built Before1978 YN No Contingency Attorney/Inspection Continue To Show Yes Current Use Commercial Electric 101-200 Amps Fire Protection Alarm On SiteFire Extinguisher/SCarbon Monoxide Detector(S) Geographic Locale East/West CorridorFar West Gross Income 25080 Gross Scheduled Income 25080 Insurance Expense 1865 Location Central Business DistrictCorner Net Operating Income 8946 Number Of Tenants 3 Operating Expense 14428 Ownership Types Limited Liability Corp Possible Use CommercialOffice And ResearchMulti-Family Property Sub Type Mixed Use Rental Price 0 Seller Needs New OpportunityOut Of Management Seller Will Other Tax Annual Amount 10187 Tax Year 2020 Tenant Pays Varies By Tenant Total Monthly Income 2090 Township Sycamore Type Mixed Use Utilities Electric To SiteGas To SiteSanitary SewerWater To Site Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Exp Realty, Llc.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-24T16:08:37.127 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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