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265 Peace Rd
Sycamore, IL 60178 DeKalb

$2,500,000 USD

Storefront For Sale  •  20,020 SF

Property Details

  • Property Type Storefront
  • Total Building Size 16,085 SF
  • Lot Size 2.21 AC
  • Building Class B
  • Year Built 2007
  • Tenancy Multiple
  • Zoning C-3
10 Transit Score
30 Walk Score

Highlights

100% Occupied Neighborhood Strip Center offered at a 7.60% cap rate, positioned at a signalized intersection, across the street from the Jewel Grocery
Low average rents at ~$15 gross, with a wide range in what tenants are currently paying – indicating significant upside by marking rents to market
Most of the tenant leases feature fixed annual increases ranging from 2-4% annually
Built in 2008, the property is currently undergoing a significant renovation project to update the roof
Notably low acquisition basis of $155 per square foot
Abundant new construction single-family homes in Sycamore as housing costs in inner and outer ring Chicago suburbs have grown prohibitively expensive

Amenities

  • Pylon Sign
  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Drive Thru
  • Monument Signage
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Chicago/Rockford International 55 min - 36.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 120
Type: Surface
Included in Rent: Yes
Mitchell Kiven 312-624-7006 Marcus & Millichap
Mitchell Kiven 312-624-7006 Marcus & Millichap