Neighborhood Retail Strip
265 W Peace Rd Sycamore, IL 60178
New
For Sale
$2,500,000
Fee simple neighborhood strip center is 100% occupied and anchored by convenience-oriented retail tenants.
Property Size16,085 SF
Price / SF$155.42
Days on Market5
Property Features for 265 W Peace Rd
General Information
- Standard status
- Active
- Size
- 16,085 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2008
Listing Agency:
Marcus & Millichap - Chicago Downtown
(312) 624-7006
Listed By:
Mitchell Kiven · License #License(s): IL: 475.164486
(312) 624-7006
Source:
Marcusmillichap
Added: Jul 19
Last Checked: Jul 23 at 2:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
This neighborhood retail strip center is offered as a fee simple interest and is 100% occupied. The property features a retail mix designed around convenience-based businesses, with an average suite size of approximately 2,000 square feet.
The center is positioned at a signalized intersection and is located directly across the street from Sycamore’s primary grocery store, supporting strong day-to-day retail draw.
The offering provides a single-owner retail asset configured as a neighborhood strip center with multiple suites and stable occupancy.
The center is positioned at a signalized intersection and is located directly across the street from Sycamore’s primary grocery store, supporting strong day-to-day retail draw.
The offering provides a single-owner retail asset configured as a neighborhood strip center with multiple suites and stable occupancy.
Key Highlights
- Fee simple interest in a 100% occupied neighborhood strip center in Sycamore, IL
- Built in 2008
- Average suite size of 2,000 SF with convenience‑oriented retail tenant mix
Financial Insights For Retail
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 | $347.4k | $21.60 |
| − Vacancy | −$28.5k | −$1.77 |
| EGI | $318.9k | $19.83 |
| − OpEx | −$95.7k | −$5.95 |
| NOI | $223.3k | $13.88 |
16,085 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.19M
$2.79M – $3.72M
NOI $223,262 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.55M
$4.86M – $6.48M
NOI $388,739 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Slow Smoke BBQ ...
Take-out & Catering
Little Caesars Pizza
Restaurant
Kingfisher CrossFit
Gym & Fitness Center
J&J Liquors
(Bike/Boat/Book/etc) Store
Pachamama Peruvian restaurant
Restaurant
FAQs
What type of property is this?
Strip mall - Fee simple neighborhood strip center is 100% occupied and anchored by convenience-oriented retail tenants.
Where is this strip mall located?
The property is located at 265 W Peace Rd Sycamore, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fee simple interest in a 100% occupied neighborhood strip center in Sycamore, IL; Built in 2008; Average suite size of 2,000 SF with convenience‑oriented retail tenant mix
