Multi-Building Commercial Flex
1126 E State Street Sycamore, IL 60178
For Sale
Under Contract
$499,000
COMMERCIAL - Sycamore, IL
Property Size7,503 SF
Lot Size2.04 Acres
Price / SF$66.51
Days on Market72
Property Features for 1126 E State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Fireplace
- 1
- Standard status
- Active Under Contract
- APN
- 0633400014
- Lot size
- 2.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 17758
Utilities
- Utilities
- Water Available
- Cooling system
- Other (Cooling), Central Air
- Water source
- Well
Building Details
- Year built
- 1951
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Concrete, Varies, Vinyl
- Building materials
- Aluminum Siding, Cedar, Glass
- Roof type
- Composition, Metal
Listing Agency:
American Realty Illinois LLC
(815) 991-5298
Listed By:
Alison Rosenow · License #471001608
(815) 991-5298
Added: May 14
Changed: Jul 23
Last Checked: Jul 24 at 2:06PM
MLS# 12648878
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-building commercial flex property includes a main commercial building with retail or shop space, multiple storage areas, private offices, a restroom, and multiple garage bays. An attached greenhouse/atrium provides open, adaptable space. The site also features a detached 1,537 square foot garage with a heated shop.
The property includes a legal non-conforming 3-bedroom, 1-bath single-family residence that is currently leased. The offering is sold as-is.
The site totals approximately 2.04 acres and is designated with zoning listed as COMMR.
The property includes a legal non-conforming 3-bedroom, 1-bath single-family residence that is currently leased. The offering is sold as-is.
The site totals approximately 2.04 acres and is designated with zoning listed as COMMR.
Key Highlights
- Nearly 2‑acre multi‑building commercial property in Sycamore, offering a mix of retail/shop space, offices, storage, and multiple garage bays.
- Main building includes approximately 7,503 SF with retail or shop areas, private offices, a restroom, multiple storage areas, and garage bays.
- Attached 1,500 SF greenhouse/atrium provides open, adaptable space for seasonal inventory or specialty retail.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.6k | $6.48 |
| − Vacancy | −$2.5k | −$0.33 |
| EGI | $46.1k | $6.15 |
| − OpEx | −$6.9k | −$0.92 |
| NOI | $39.2k | $5.23 |
7,503 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.49M
$1.30M – $1.74M
NOI $104,143 @ 7.0% cap · market cap 20.87%
Second Best
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,041 @ 7.0% cap · market cap 17.44%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,331 @ 7.0% cap · market cap 36.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kar-Fre Flowers
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Flex space - Multi-building commercial property with retail/shop space, multiple garage bays, and a leased single-family residence.
Where is this flex space located?
The property is located at 1126 E State Street Sycamore, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Nearly 2‑acre multi‑building commercial property in Sycamore, offering a mix of retail/shop space, offices, storage, and multiple garage bays.; Main building includes approximately 7,503 SF with retail or shop areas, private offices, a restroom, multiple storage areas, and garage bays.; Attached 1,500 SF greenhouse/atrium provides open, adaptable space for seasonal inventory or specialty retail.
