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.
Details
MLS #
12483956
Listing Type
For Sale
Style
Office/tech
Sub-Type
Resale
Status
Active
Year
2002
Days On Site
324
Listing Provided By
Hoffman Realty | Matthew Hoffman
Features
SQ Feet
2,886
Story(s)
1
Units
1
Zoning
OFFIC
Acreage
1.28
Interior
Cooling
Central Air
Exterior
Roof
Composition
Construction Materials
Brick
Utilities
Electric
Circuit Breakers
Taxes
Tax Year
2024
Tax Annual Amount
11653
Area Information
State
IL
County
DeKalb
City
Sycamore
Zip Code
60178
Area
Sycamore
Sourced by Back At You
MLS Number: 12483956
Matthew Hoffman – (815) 501-3351 – mhoffmanrealty@yahoo.com
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MLS Number: 12483956
Matthew Hoffman – (815) 501-3351 – mhoffmanrealty@yahoo.com
