10% Cap Office Investment

For Sale

215 W Elm St, Sycamore, IL 60178

This Sycamore property for sale is located at 215 W Elm St. The general use of 10% Cap Office Investment is office and it incorporates 14,000 square feet of class C office space. The current listed sale price for 10% Cap Office Investment is $895,000. 10% Cap Office Investment is situated on a lot that is 0.09 acre in size.

Contacts

broker

Guzel Lubinski

Golden Group Real Estate

Property Details

  • Property Type Office - General Office
  • Property Size 14,000 SF
  • Units 17
  • Lot Size 0.09 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1899
  • Year Renovated 2022
  • Date Updated Oct 21, 2024
The building located in the heart of the downtown Historic District of Sycamore, IL., which is about 60 miles west of Chicago.Golden Group Real Estate is proud to present a 14,000 square feet three-story plus lower level, multi-tenant office building located in the heart of the downtown Historic District of Sycamore, IL., which is about 60 miles west of Chicago. This historic property has lots of character and great location. The building consists of mostly executive office suites occupied by a variety of different business professionals. It's a great, value-add investment opportunity at 9.7% cap rate. There is a newly remodeled 2-bedroom apartment on the top floor and a salt cave on the lower level. The property is listed on the National Register of Historic Places and is exempt from ADA requirements. Sellers have done extensive renovations. The location is home to festivals and events going year-round: Pumpkin Festival Parade Route, Annual Car Show, street dances, food events, and outdoor movies. The city of Sycamore is considering turning the block next to the building (Somonauk) into a permanent “Town Square” where more events and gatherings can take place. The building benefits rom the proximity to numerous restaurants, retail establishments, and government buildings: 12 restaurants/bar and grills (1-6 blocks), movie theatre (2 blocks), DeKalb County Courthouse (1 block), Library (2 blocks), post office (2 blocks) and others. Proximity to DeKalb County Courthouse makes it ideal for an attorney-owner-user or government professional. Due to its historic value, it can also be re-developed as a boutique hotel.

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Highlights

  • 100% occupied historic downtown office investment opportunity at 9.7% cap rate
  • Listed on the National Register of Historic Places
  • Lots of character and charm
  • 3-storied plus lower-level value-add owner-user opportunity
  • Well-maintained and constantly updated
  • Stable, reliable tenants, many have been there for 10 and more years
  • Abundant parking: 2 free city parking lots and free bank parking
  • Excellent traffic counts, visibility, and density with easy access to I-88
  • Possible “Town Square” destination
  • Vibrant and diverse neighborhood with lots going on
  • Proximity to DeKalb County Courthouse makes it ideal for an attorney-owner-user or any type of government professional
  • Possible conversion to a boutique hotel
  • Low DeKalb County real estate taxes

Getting around

  • 84/100

    Walk Score ®

  • 55/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Sycamore, IL
  • Zip Code 60178
  • Market Chicago

Points of Interest

  • BP

    0.19 miles

  • Marathon

    0.49 miles

  • Meijer

    1.21 miles

  • Casey's General Store

    2.02 miles

  • Circle K - DeKalb Ave

    2.30 miles

  • Hy-Vee Gas

    2.66 miles

  • Mobil

    3.06 miles

  • Park parking

    2.04 miles

  • Kishwaukee Hospital - Physician Parking

    2.67 miles

  • Kishwaukee Hospital - Employee Parking

    2.72 miles

  • Parking Lot 44

    5.01 miles

  • Lot 44

    5.02 miles

  • Parking Lot A

    5.03 miles

  • Parking Lot 40

    5.08 miles

  • Parking Lot 44A

    5.08 miles

  • Parking Lot V

    5.10 miles

  • King Parking Lot

    5.13 miles

  • Country Inn & Suites

    1.26 miles

  • Holiday Inn Express & Suites

    2.21 miles

  • Holmes Student Center Hotel

    5.49 miles

  • Red Roof Inn - DeKalb

    6.10 miles

  • Comfort Inn DeKalb

    6.18 miles

  • Hampton Inn - DeKalb

    6.32 miles

  • Super 8 DeKalb

    7.15 miles

  • Meijer

    1.31 miles

  • Jewel-Osco

    1.85 miles

  • Hy-Vee

    2.58 miles

  • TJ Maxx

    2.84 miles

  • ALDI

    2.86 miles

  • Ross

    2.90 miles

  • Target

    2.97 miles

  • Walmart Supercenter

    3.23 miles

  • Kohl's

    3.37 miles

  • Schnucks

    6.57 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Guzel Lubinski

Golden Group Real Estate