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Medical/Office Condo Investment Opportunity
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1680 Mediterranean Dr, Sycamore, IL 60178

Finished condo leased through 2028 with renewal option.

Property Size2,391 SF
Price / SF$125
Days on Market668

Property Features for 1680 Mediterranean Dr

General Information

Standard status Active
Size 2,391 SF
Property subtype Office
Occupancy 100%
Lease Type NNN

Building Details

Tenancy Single
Listing Agency: RVG Commercial Real Estate
Listed By: Sam Patterson · License #IL 475154735
Source: Crexi
Added: Oct 22, 2024 Changed: Aug 17 Last Checked: Aug 19 at 8:16AM

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 RVG Commercial Real Estate

Investment Insights

Based on property information with market context.

This property presents an investment opportunity in a finished medical or office condominium. The property is currently leased through December 31, 2028, with a 3-year option to renew and annual increases of 3%. It features both front and rear private entrances. The interior layout includes 5 private offices, a conference room, a waiting/reception area, a breakroom, and an open bullpen area. Signage rights are available on a pylon. Ample parking is provided. The property is situated in a medical/office corridor.

Key Highlights

  • Great investment opportunity in a finished medical/office condo.
  • Leased through 12/31/2028 with a 3‑year renewal option and 3% annual increases.
  • Includes 5 private offices, conference room, waiting/reception area, breakroom, and open bullpen.

Property Analytics

Current Use

Edward Jones - Financial ... Financial Advisor Mark A Regnier, MD Pediatrician Genesis Pediatric Medicine Medical Clinic Tracy Saladar Physician Kenneth Kwiatkowski Pediatrician

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store Electrical Service Restaurant Kitchen & Bath Showroom Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

918
Businesses Nearby
Well-served
Demand for This Use

Demographics for 60178, IL

22,386
Population
9,151
Households
2.4
Avg Household Size
39
Median Age
44%
College-Educated
96%
High-School Grad
67.2 sq mi
ZIP Area
333
Density / Sq Mi
$88,314
Median Household Income
$47,157
Median Earnings
$1,084
Median Rent
$262,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Dr. Katherine Clement DVM 2400 Bethany Rd, Sycamore, IL 60178, United States
  • Dr. Heather Brown, DVM 2400 Bethany Rd, Sycamore, IL 60178, United States
  • Dr. Carlos E. Dominquez, DVM 2400 Bethany Rd, Sycamore, IL 60178
  • Dr. Charles R. Schelkopf, DVM 2400 Bethany Rd, Sycamore, IL 60178
  • Dr. Le Ann Gruber, DVM 2400 Bethany Rd, Sycamore, IL 60178

Frequently Asked Questions

What type of property is this?
Medical Office Space - Finished condo leased through 2028 with renewal option.
Where is this medical office space located?
The property is located at 1680 Mediterranean Dr Sycamore, IL.
What is the asking price?
The asking price for this property is $298,875.
What are key features of this property?
This property features: Great investment opportunity in a finished medical/office condo.; Leased through 12/31/2028 with a 3‑year renewal option and 3% annual increases.; Includes 5 private offices, conference room, waiting/reception area, breakroom, and open bullpen.
More about this property
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