Renovated Restaurant and Bar for
For Sale
Contact for pricing
327 W State St, Sycamore, IL 60178
Recently renovated restaurant/bar with FF&E included, building and business for sale.
Property Size3,221 SF
Price / SF$263.89
Days on Market212
Property Features for 327 W State St
General Information
Standard status
Active
Size
3,221 SF
Property subtype
Business for Sale, Hospitality, Retail
Investment Type
Owner/User
Listing Agency:
Corcoran Commercial Real Estate
(630) 674-8424
Listed By:
Ryan Samuelson · License #IL 471.008643
Source:
Crexi
Added: Jan 21
Changed: Aug 8
Last Checked: Aug 20 at 9:31PM
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 Corcoran Commercial Real Estate
Investment Insights
Based on property information with market context.
Available for purchase is a recently renovated restaurant and bar, which includes all furniture, fixtures, and equipment. Both the building and the business are for sale. The property has a size of 3221 square feet and is suitable for commercial real estate, conventional restaurants, restaurants, bars, and pubs.
Key Highlights
- Recently renovated restaurant / bar.
- All furniture, fixtures, and equipment included.
- Building and business are for sale together.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,920
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,078,400
$1.1M
Cap Rate 7%
$770,286
$770.3K
Cap Rate 9%
$599,111
$599.1K
Market Conditions
NOI Build-Up for 3,221 SF
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.
Gross rent
$77.3K $24.00/SF
− Vacancy
−$5.4K −$1.68/SF
EGI
$71.9K $22.32/SF
− OpEx
−$18.0K −$5.58/SF
NOI
$53.9K $16.74/SF
Area
DeKalb County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,078,400
Cap Rate 7%
$770,286
Cap Rate 9%
$599,111
Alternative Uses
Best Use
Specialty Retail
$770.3K
$674.0K – $898.7K
NOI $53,920 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$973.1K – $1.30M
NOI $77,845 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
31k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Dining 4%
Circle K
Shops & Services
10,663 visits/mo
0.4 miles
Mobil
Shops & Services
5,215 visits/mo
0.4 miles
BP
Shops & Services
4,514 visits/mo
0.3 miles
Old National Bank
Shops & Services
3,618 visits/mo
0.1 miles
Family Dollar
Shops & Services
2,914 visits/mo
0.4 miles
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 Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sycamore Moose — 321 W State St, Sycamore, IL 60178
- Hink's Bar & Grill — 123 S California St, Sycamore, IL 60178
- Denim & Diamonds Saloon — 425 W State St, Sycamore, IL 60178
- PJ's Courthouse Tavern — 202 W State St, Sycamore, IL 60178
- Nat's On Maple — 112 S Maple St, Sycamore, IL 60178
Frequently Asked Questions
What type of property is this?
Bar & Pub - Recently renovated restaurant/bar with FF&E included, building and business for sale.
Where is this bar & pub located?
The property is located at 327 W State St Sycamore, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Recently renovated restaurant / bar.; All furniture, fixtures, and equipment included.; Building and business are for sale together.
