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Listed by Charles Kirkwoodof Coldwell Banker Real Estate Group
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Est. payment | /mo
4,148 SqFt
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Est. payment | /mo
4,148 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 4,148 sqft
MLS Listing ID 12698221
Year Built 1910
Annual Tax Amount $9,594
Tax Year 2025
Lot Dimensions 50x64x50x65
Property Sub-Type Retail/Stores
Property Description
Don't miss this exceptional investment opportunity in the heart of downtown Sycamore. Positioned as an 8% cap rate at the list price the property will provide an excellent ROI over time. This is a real estate sale only. The tenant is a long standing and succesful restaurant and the location is unbeatable. The current restaurant was established in 2004 and the building has a history as a restaurant before that. The building features two main dining areas, a private dining room, a bar and a fully equipped kitchen. There are two restrooms for patrons and there is one employee restroom in the back. The building is low maintenance all brick construction and one of the two roof top HVAC units has been updated. The real estate is owned by the business owner and they require a lease back so this is purely a real estate investment opportunity. The lease terms moving forward can be negotiable. Do not walk through without a confirmed appointment or approach the employees.
Location
State IL
County Dekalb
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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