Modern Medical Office
For Sale
Contact for pricing
1705 Mediterranean Dr, Sycamore, IL 60178
Modern medical office building offered for sale or lease with C-3 Highway Business zoning.
Property Size9,964 SF
Price / SF$150.44
Days on Market336
Property Features for 1705 Mediterranean Dr
General Information
Standard status
Active
Size
9,964 SF
Property subtype
OFFICE
Zoning
C-3
Listing Agency:
Marcus & Millichap | Indianapolis
(317) 218-5366
Listed By:
Julia Evinger · License #(S):IN:RB14040143
Source:
Moodyscre
Added: Aug 29, 2025
Changed: Jul 28
Last Checked: Jul 29 at 2:55PM
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 positioned for both investors and owner-users, supported by its flexible C-3 Highway Business zoning that allows for diverse uses.
The property benefits from excellent access to medical facilities and major transportation corridors, supporting convenient patient and staff reach.
As a medical office asset, the building is designed to support healthcare-oriented operations within the broader range of permitted C-3 uses.
The property benefits from excellent access to medical facilities and major transportation corridors, supporting convenient patient and staff reach.
As a medical office asset, the building is designed to support healthcare-oriented operations within the broader range of permitted C-3 uses.
Key Highlights
- Modern medical office building offered for sale or lease
- C‑3 Highway Business zoning allows for diverse uses
- Designed for use with access to medical facilities and major transportation corridors
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 9.17%
Second Best
Healthcare Medical
$1.89M
$1.65M – $2.20M
NOI $132,003 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,808 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - 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 $1,499,000.
What are key features of this property?
This property features: Modern medical office building offered for sale or lease; C‑3 Highway Business zoning allows for diverse uses; Designed for use with access to medical facilities and major transportation corridors
