Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    425 W State St Sycamore, IL 60178

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $655,900

    Completely renovated 25,500 SF building in downtown Sycamore.

    Lot size:
    0.27 Acres

    Property Features for 425 W State St

    General Information

    Lot size
    0.27 Acres

    Building Details

    Year built
    1875

    We can help!

    Listing Contact
    Charles Kirkwood
    Source: Cbcworldwide

    Listing Agency: Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) Listing Agent: Charles Kirkwood

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Downtown Sycamore Event Venue

    Located in downtown Sycamore, this renovated building offers 25,500 square feet of space suitable for various ventures, including a bar, restaurant, concert venue, event center, or banquet hall. The building has an occupancy load of 598, with potential for further increase. The main floor features a bar and a large event/assembly area with hardwood floors and seating. The entry level includes another bar with additional seating and gaming machines. The lower level is finished with LVP flooring and houses pool tables, dart games, bathrooms, and office space. An elevator provides access to separate floors. Outdoor seating and activities can be accommodated on the deck behind the building. The property is fully sprinklered and equipped with a new fire alarm system and a new security system. The electrical and plumbing systems have been updated. The property is being sold as-is and sits on 0.2718 acres. Furniture, fixtures, and equipment may be negotiable.
    Location Intelligence

    Current Use by Public Records

    Denim & Diamonds Saloon Nightclub

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sycamore
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.688667
    Latitude
    41.989401

    Nearby Similar for Sale

    • New
      $599,000
      7,503 SF

      Multi-Building Commercial Investment Opportunity

      Versatile commercial property with retail, storage, and residential income.
      1126 E State St, Sycamore, IL 60178
      View Details
    • New
      $415,000

      Sycamore Multifamily Income Opportunity

      Two homes on one lot, ideal for investors or owners.
      405 W High St, Sycamore, IL 60178
      View Details
    • New
      $245,900
      0.56 Acres

      Well-Maintained Sycamore Multi-Family Property

      Versatile 2-unit property with income potential and room to expand.
      732 Park Ave, Sycamore, IL 60178
      View Details
    • $756,000
      7,200 SF

      2525 Bethany Rd, Sycamore, IL 60178

      Retail properties & Spaces • 7,200 SF
      2525 Bethany Rd, Sycamore, IL 60178
      View Details
    • $625,000
      25,500 SF

      Sycamore Commercial Building For Sale

      Renovated commercial building in downtown Sycamore with multiple possibilities.
      425 W State St, Sycamore, IL 60178
      View Details
    • $349,900
      3,736 SF

      Downtown Sycamore Commercial Building

      3736 SF commercial building in downtown Sycamore for sale.
      325 W Elm St, Sycamore, IL 60178
      View Details
    • $183,000
      0.14 Acres

      Free Standing Commercial Building

      Commercial building in Sycamore, IL, with parking and storage.
      220 E State St, Sycamore, IL 60178
      View Details
    • $2,250,000
      3,200 SF

      Sycamore Commercial Property with Residence

      Versatile 7-acre property with residence, banquet hall, and chapel.
      15165 Quigley Rd, Sycamore, IL 60178
      View Details
    • $650,000

      Sycamore Multi-Family Investment Opportunity

      Six-unit income property with high CAP rate.
      524 Cross St, Sycamore, IL 60178
      View Details
    • $1,573,333
      6,000 SF

      Sycamore Medical Office Building

      High-yield, fully leased medical office.
      1830 Mediterranean Dr, Sycamore, IL 60178
      View Details
    • Contact for pricing
      1,220 SF

      Move-in Ready Top Floor Condo

      Updated 2 bed, 2 bath condo in prime Sycamore location.
      966 Constance Ln, Sycamore, IL 60178
      View Details
    • $299,900
      4,560 SF

      Sycamore Office Building - Great Investment

      Prime Sycamore Office, 4 Suites, 4560 sq ft
      1430 Dekalb Ave, Sycamore, IL 60178
      View Details

    FAQs

    What type of property is this?
    Retail space - Completely renovated 25,500 SF building in downtown Sycamore.
    Where is this retail space located?
    The property is located at 425 W State St Sycamore, IL.
    What is the asking price?
    The asking price for this property is $655,900.
    What are key features of this property?
    This property features: - 25,500 sq ft of renovated space in downtown Sycamore, suitable for various business ventures.; - High occupancy load (598, expandable) allows for large events and gatherings.; - Multiple levels including a main floor event space, entry-level bar with gaming, and a finished lower level with recreational amenities.
    (815) 553-2406
    Request Owner's contact information
    425 W State St Sycamore, IL 60178
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    425 W State St
    Sycamore, IL 60178
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    425 W State St Sycamore, IL 60178
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Charles Kirkwood
    Real Estate License ID: 475142955
    (815) 553-2406 (630) 232-6900 (630) 715-5714
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!