Modern Medical Office
1705 Mediterranean Dr Sycamore, IL 60178
1705 Mediterranean Dr, Sycamore, IL, 60178
Contact for pricing
For Sale
Contact for pricing
Modern medical office building offered for sale or lease with C-3 Highway Business zoning.
Property Size9,964 SF
Price / SF$162.59
Days on Market328
Property Features for 1705 Mediterranean Dr
General Information
- Standard status
- Active
- Size
- 9,964 SF
- Property subtype
- OFFICE
Listing agency
Marcus & Millichap | Indianapolis
(317) 218-5366
Listed by
Julia Evinger · License #(S):IN:RB14040143
Source
Moodyscre
Added: Aug 29, 2025 Updated: Jul 21 at 5:24PM Checked: Jul 21 at 5:24PM
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 | Indianapolis
Investment Insights
Based on property information with market context.
This modern medical office building is available for sale or lease. The offering is presented for both investor and owner-user scenarios, with the property positioned to support a range of commercial uses under its existing zoning designation.
The building is located at 1705 Mediterranean Dr in Sycamore, IL 60178. Public remarks note excellent access to medical facilities and major transportation corridors, supporting convenient day-to-day operations for patients and staff.
Zoning is identified as C-3 Highway Business, which may allow for diverse uses as governed by the local zoning ordinance.
The building is located at 1705 Mediterranean Dr in Sycamore, IL 60178. Public remarks note excellent access to medical facilities and major transportation corridors, supporting convenient day-to-day operations for patients and staff.
Zoning is identified as C-3 Highway Business, which may allow for diverse uses as governed by the local zoning ordinance.
Key Highlights
- Modern medical office building offered for sale or lease
- C‑3 Highway Business zoning allowing for diverse uses
- Designed for use with access to medical facilities and major transportation corridors
Local Financial Insights For Office B
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 | $243.9k | $24.48 |
| − Vacancy | −$60.7k | −$6.10 |
| EGI | $183.2k | $18.38 |
| − OpEx | −$45.8k | −$4.60 |
| NOI | $137.4k | $13.79 |
9,964 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.96M
$1.72M – $2.29M
NOI $137,387 @ 7.0% cap · market cap 8.48%
Second Best
Healthcare Medical
$1.89M
$1.65M – $2.20M
NOI $132,003 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,808 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
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
FAQs
What type of property is this?
Medical Office Space - Modern medical office building offered for sale or lease with C-3 Highway Business zoning.
Where is this medical office space located?
The property is located at 1705 Mediterranean Dr Sycamore, IL.
What is the asking price?
The asking price for this property is $1,620,000.
What are key features of this property?
This property features: Modern medical office building offered for sale or lease; C‑3 Highway Business zoning allowing for diverse uses; Designed for use with access to medical facilities and major transportation corridors
