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    330 E State Street

    Sycamore, IL 60178
    • $395,000
    • STATUS: Active
    • ON SITE: 90 days
    • MLS #: 10968627
    UPDATED: 21 min ago
    $395,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,096
      SQFT
    • $96
      $/SQFT
    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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T12:54:49.263 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: $395,000
    • Status: Active
    • Updated: 21 min ago
    • MLS #: 10968627
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,096
    SQFT
    $96
    $/SQFT
    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

    Construction Materials BrickConcreteWood Frame Docks None Foundation Details Concrete Perimeter Frontage Type Us Highway Location Central Business DistrictCorner Miscellaneous Outside Handicapped Access Outdoor Parking 13-18 Spaces Parking Total 13 Roof Composition Roof Structure GablePitched

    Interior Features

    Cooling Central Air Electric 101-200 Amps Fire Protection Alarm On SiteFire Extinguisher/SCarbon Monoxide Detector(S) 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 Apts 2 Number Of Dishwashers 0 Number Of Disposals 0 Number Of Dryers 0 Number Of Offices 4 Number Of Ranges 2 Number Of Refrigs 2 Number Of Stores 2 Number Of Washers 0 Number Of Window Ac 0

    Property Features

    Additional Parcels YN No Built Before1978 YN No Cap Rate 2.2 Current Use Commercial Electric Expense 1112 Existing Lease Type N/A Expense Year 2019 Exterior Building Type Brick Fuel Expense 579 Geographic Locale East/West CorridorFar West Green Energy Efficient Low Flow CommodeLow Flow Fixtures Gross Income 25080 Gross Scheduled Income 25080 Insurance Expense 1865 Known Encumbrances None Known Lot Size Dimensions 80X100 Net Operating Income Year 2019 Number Of Tenants 3 Operating Expense 14428 Other Expense 490 Owners Assoc YN No Possible Use CommercialOffice And ResearchMulti-Family Seller Will Other Tax Annual Amount 10038 Tax Year 2019 Tenant Pays Varies By Tenant Total Actual Rent 0 Total Monthly Income 2090 Trash Expense 0 Unincorporated YN No Utilities Electric To SiteGas To SiteSanitary SewerWater To Site Washer Dryer Leased YN No Water Drainage None Water Sewer Expense 344 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T12:54:49.263 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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