$395,000 Calculate Payment
330 E State Street Sycamore, IL 60178
General Commercial Residence
4,096 Sq. Ft.
Time on Site
Days on Market
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! Continue reading
4,096 sq. ft
Exterior / Lot Features
13 Parking Spaces.
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Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent. More