Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1830 Mediterranean Dr Sycamore, IL 60178

    For Sale
    $1,573,333

    High-Yield Medical Office Investment

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6,000 square foot medical office building, located at 1830 Mediterranean Drive in Sycamore, Illinois (60178), presents a compelling investment opportunity. Built in 2006, this single-story building sits on a 0.79-acre lot and boasts a strong 7.50% capitalization rate, generating a net operating income (NOI) of $118,040. The asking price is $1,573,333, translating to a price per square foot of $262.22. The property features high-end build-outs and is fully leased to credit-rated tenants, ensuring a stable and predictable income stream. Constructed of masonry, this building represents a solid investment with a price point at replacement value. The property's location in DeKalb County, Illinois, offers convenient access to major transportation routes and a thriving local community. The property's APN is 0906399003. This is a turnkey investment ideal for those seeking a stable, high-yield return in the medical office sector. Serious inquiries only

    Property Features for 1830 Mediterranean Dr

    General Information

    Property type
    Medical offices
    Square Feet
    6,000 SF
    Lot Size
    34,412 SF

    Building Details

    Year Built
    2006
    Stories
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prometric Pharmacy Sarah Hourselt Nurse Practitioner Neha Vohra Vohra ... Gastroenterologist James Matheu Family Practice Physician Prometric Test Center Educational Testing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sycamore
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.7092788
    Latitude
    41.9669275

    Nearby Similar for Sale

    • $2,750,000
      12,131 SF

      Sycamore Business Opportunity on 7 Acres

      Versatile property with endless possibilities for business and residential use.
      15165 Quigley Rd, Sycamore, IL 60178
      View Details
    • $675,000
      9,040 SF

      Versatile Commercial Property in Sycamore

      Unique commercial property with retail space, greenhouse, and residential income.
      1126 E State St, Sycamore, IL 60178
      View Details
    • $249,900
      0.56 Acres

      Well-Maintained Duplex in Sycamore, IL

      Versatile 2-unit property with income potential and room to expand.
      732 Park Ave, Sycamore, IL 60178
      View Details
    • New
      $659,900
      25,500 SF

      Renovated Downtown Sycamore Building

      Completely renovated 25,500 SF building in downtown Sycamore.
      425 W State St, Sycamore, IL 60178
      View Details
    • $219,900
      0.25 Acres

      Sycamore, IL Residential Income Property

      Two-unit residential income property near downtown Sycamore and NIU campus.
      459 E State St, Sycamore, IL 60178
      View Details
    • $198,000
      1,157 SF

      Sycamore Office Building For Sale

      Freestanding office building near downtown Sycamore with parking.
      220 E State St, Sycamore, IL 60178
      View Details

    FAQs

    What type of property is this?
    Medical office - High-Yield Medical Office Investment
    Where is this medical office located?
    The property is located at 1830 Mediterranean Dr Sycamore, IL.
    What is the asking price?
    The asking price for this property is $1,573,333.
    Request Owner's contact information
    1830 Mediterranean Dr Sycamore, IL 60178
    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.
    1830 Mediterranean Dr
    Sycamore, IL 60178
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    1830 Mediterranean Dr Sycamore, IL 60178
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.