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    920 Prairie Dr Sycamore, IL 60178

    Sponsored
    For Sale
    $302,770

    Fully leased office/light industrial condo with high cap rate.

    Property size:
    3,126 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 3,126 square foot condo, located at 920 W Prairie Drive Unit G in Sycamore, IL, presents a compelling investment opportunity boasting a 7.2% cap rate. Situated within the convenient Prairie Business Park, just off Peace Road, this property offers a beautifully finished office build-out valued at $135,000. The space includes a thoughtfully designed layout featuring private offices, a conference room, a training room, and break rooms, catering to a variety of business needs. In addition to the office space, the unit includes valuable warehouse space and mezzanine storage, enhancing its versatility. A 12x12 overhead door provides easy access for loading and unloading. The property is currently fully leased, generating immediate income for the investor. Priced significantly below replacement cost, this presents a rare opportunity to acquire a high-performing asset in a desirable location. The property is a condo and sits on a lot with zero acres. Don't miss this chance to secure a strong return on investment in a well-maintained and strategically located property. Contact us today to schedule a viewing and explore this lucrative opportunity further.

    Property Features for 920 Prairie Dr

    General Information

    Property type
    Residential income properties
    Square Feet
    3,126 SF

    Building Details

    Year Built
    2006
    Property Profile Location Intelligence

    Current Use by Public Records

    AEA Electrical Contracting Utility Contractor Zachary Sheedy Chiropractor Associates In Counseling Psychologist Sycamore Integrated Weight ... Weight Loss Service Dr. Mardjan Foroutan, ... Psychiatrist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sycamore
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.7009
    Latitude
    41.96809

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    FAQs

    What type of property is this?
    Residential income property - Fully leased office/light industrial condo with high cap rate.
    Where is this residential income property located?
    The property is located at 920 Prairie Dr Sycamore, IL.
    What is the asking price?
    The asking price for this property is $302,770.
    (815) 754-4000
    Request Owner's contact information
    920 Prairie Dr Sycamore, IL 60178
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    Sycamore, IL 60178
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    920 Prairie Dr Sycamore, IL 60178
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