Neighborhood Retail Strip
265 W Peace Rd Sycamore, IL 60178
New
265 W Peace Rd, Sycamore, IL, 60178
$2,500,000
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 Market1
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
Chicago Downtown Office
(312) 624-7006
Listed by
Mitchell Kiven · License #License(s): IL: 475.164486
(312) 624-7006
Source
Marcusmillichap
Added: Jul 19 Checked: Jul 19 at 2:06 am
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 Chicago Downtown Office
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
Local 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
Similar For Sale Nearby
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
