Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sycamore Prairie Business Park Land Title is generated by Realmo AI

    Lot 49 West Peace Road, Sycamore, IL 60178

    View on Map
    Claim this Listing
    For Sale
    $3,219,955

    Land for sale in Sycamore Prairie Business Park.

    Type:Land
    Added:
    Feb 1, 2023
    Days on Market:
    1217
    Last Refresh:
    Mar 13 at 3:02 pm

    Property Features for Lot 49 West Peace Road

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Denise Weinmann

    Listing agent Denise Weinmann License #475122227

    Listing office RVG Commercial Realty

    Listing date Feb 1, 2023

    Source Compass

    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 Realty

    HighLights

    • Easy access from Peace Rd.
    • M1 or M2 Zoning
    • Various sized lots available
    • Located in Sycamore Prairie Business Park
    • Join many other successful businesses
    • Subject property includes 3 parcels

    Overview

    Various sized lots are available in the Sycamore Prairie Business Park. The lots are zoned either M1 or M2. The property offers easy access from Peace Road. C&R's apply. The subject property includes 3 parcels: one large parcel located on Peace Road and 2 smaller ones on Mediterranean Drive. Many other successful businesses are located in the park.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sycamore
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.677207
    Latitude
    42.015897

    Nearby Similar for Sale

    • $349,900
      3,736 SF

      Downtown Sycamore Commercial Building

      3736 SF commercial building in downtown Sycamore for sale.
      325 W Elm Street, Sycamore, IL 60178
      View Details
    • $535,000
      7,503 SF

      Multi-Building Commercial Investment Opportunity

      Versatile commercial property with retail, residential, and garage spaces.
      1126 E State Street, Sycamore, IL 60178
      View Details
    • $535,000
      7,503 SF

      Versatile Commercial Property in Sycamore

      Multi-building commercial investment with retail, storage, and residential income.
      1126 E State Street, Sycamore, IL 60178
      View Details
    • $2,150,000
      3,200 SF

      Sycamore Commercial Property on 7 Acres

      Versatile commercial property with residence, banquet hall, and chapel.
      15165 Quigley Road, Sycamore, IL 60178
      View Details
    • $575,000
      5,200 SF

      Sycamore Multifamily Investment Opportunity

      Well-maintained four-unit property with recent upgrades and strong rental potential.
      247-253 N Cross Street, Sycamore, IL 60178
      View Details
    • $475,000
      25,500 SF

      Renovated Downtown Sycamore Commercial Building

      Completely renovated building in downtown Sycamore with multiple possibilities.
      425 W State Street, Sycamore, IL 60178
      View Details
    • $1,075,000

      Historic Mixed-Use Investment Opportunity

      Fully leased mixed-use building in downtown Sycamore.
      134 W State Street, Sycamore, IL 60178
      View Details
    • $79,500

      Residential Land in Merry Oaks

      Nearly half-acre lot in established Sycamore neighborhood.
      232 Whittemore Drive lot: 118, Sycamore, IL 60178
      View Details
    • $89,500

      Residential Land in Merry Oaks

      Homesite in established subdivision with nature trails and bike paths.
      201 Whittemore Drive lot: 106, Sycamore, IL 60178
      View Details
    • $49,500

      Premium Lot in Merry Oaks

      Nearly half-acre lot in desirable Merry Oaks subdivision.
      218 Whittemore Drive lot: 120, Sycamore, IL 60178
      View Details
    • $400,000

      Sycamore Multifamily Investment Opportunity

      Two homes on one lot, ideal for investors.
      405 W High Street, Sycamore, IL 60178
      View Details
    • $210,000

      Sycamore Multifamily Property Near Downtown

      Two-unit property near downtown Sycamore with income potential.
      465 E State Street, Sycamore, IL 60178
      View Details

    FAQs

    What type of property is this?
    Industrial land - Land for sale in Sycamore Prairie Business Park.
    Where is this industrial land located?
    The property is located at Lot 49 West Peace Road Sycamore, IL.
    What is the asking price?
    The asking price for this property is $3,219,955.
    What are key features of this property?
    This property features: Easy access from Peace Rd.; M1 or M2 Zoning; Various sized lots available
    (815) 754-4000
    We can help!
    Listing Contact
    Denise Weinmann
    Real Estate License ID: 475122227
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lot 49 West Peace Road, Sycamore, IL 60178
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!