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
    The Largest CRE Database in the US with Over 1 Million Listings

    31 Aster Rd Sycamore, IL 60178

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $268,000

    1.89 acres, M1 Zoning, prime location.

    Property Features for 31 Aster Rd

    General Information

    Property type
    Land
    Lot Size
    82,416 SF

    We can help!

    Listing Contact
    Denise Weinmann, Ccim, Sior
    Denise Weinmann, Ccim, Sior

    Listing Agency: RVG Commercial Real Estate Listing Agent: Denise Weinmann, Ccim, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1.892-acre commercial lot, identified as Lot 31 Aster Road, is situated in the thriving Sycamore Prairie Business Park in Sycamore, Illinois, and presents a remarkable opportunity for investors and developers. Located in DeKalb County, with a convenient address of Lot 31 Aster Road, Sycamore, IL 60178 (41.9688378, -88.6988238), this property boasts an M1 zoning designation, opening doors to a wide array of commercial uses. The lot's generous size provides ample space for various development projects. Easy access from Peace Road ensures excellent visibility and convenient transportation links. The Sycamore Prairie Business Park is home to a number of established and successful businesses, creating a vibrant and supportive commercial environment. This property is subject to covenants and restrictions (C&R's), details of which are available upon request. The asking price for this strategically located commercial land is $268,000. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing area. Serious inquiries only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Sycamore
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.6988238
    Latitude
    41.9688378

    Nearby Similar for Sale

    • $2,250,000
      3,200 SF

      Sycamore Commercial Property with Residence

      Versatile 7-acre property with residence, banquet hall, and chapel.
      15165 Quigley Rd, Sycamore, IL 60178
      View Details
    • $649,000
      7,503 SF

      Versatile Commercial Property in Sycamore

      Nearly 2-acre commercial property with multiple buildings and income potential.
      1126 E State St, Sycamore, IL 60178
      View Details
    • New
      $415,000

      Sycamore Multifamily Income Opportunity

      Two homes on one lot, ideal for investors or owners.
      405 W High St, Sycamore, IL 60178
      View Details
    • New
      $245,900
      0.56 Acres

      Well-Maintained Two-Unit Multifamily Property

      Versatile two-unit property with income potential and room to expand.
      732 Park Ave, Sycamore, IL 60178
      View Details
    • New
      $625,000
      25,500 SF

      Sycamore Commercial Building For Sale

      Renovated commercial building in downtown Sycamore with multiple possibilities.
      425 W State St, Sycamore, IL 60178
      View Details
    • $349,900
      3,736 SF

      Downtown Sycamore Commercial Building

      3736 SF commercial building in downtown Sycamore for sale.
      325 W Elm St, Sycamore, IL 60178
      View Details
    • $198,000
      0.14 Acres

      Free Standing Commercial Building

      Commercial building near downtown Sycamore with parking and expansion potential.
      220 E State St, Sycamore, IL 60178
      View Details
    • Contact for pricing
      1,675 SF

      Spacious Ranch Condo in 55+ Community

      End-unit ranch condo in Somerset Farm 55+ community.
      2113 Waterbury Ln W, Sycamore, IL 60178
      View Details
    • Contact for pricing
      1,220 SF

      Move-in Ready Top Floor Condo

      Updated 2 bed, 2 bath condo in prime Sycamore location.
      966 Constance Ln, Sycamore, IL 60178
      View Details
    • $298,875
      12,950 SF

      Sycamore Office Condo - 12,950 SF

      Prime Medical/Office Space - For Sale or Lease
      1680 Mediterranean Dr, Sycamore, IL 60178
      View Details
    • $650,000

      Sycamore Multi-Family Investment Opportunity

      Six-unit income property with high CAP rate.
      524 Cross St, Sycamore, IL 60178
      View Details
    • $756,000
      7,200 SF

      Sycamore Office/Retail Investment

      7,200 SF, High-End Finish, Turnkey
      2525 Bethany Rd, Sycamore, IL 60115
      View Details

    FAQs

    What type of property is this?
    Land - 1.89 acres, M1 Zoning, prime location.
    Where is this land located?
    The property is located at 31 Aster Rd Sycamore, IL.
    What is the asking price?
    The asking price for this property is $268,000.
    What are key features of this property?
    This property features: $268,000 asking price.; 1.892-acre commercial land parcel.; M1 zoning.
    Request Owner's contact information
    31 Aster Rd 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.
    31 Aster Rd
    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 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
    31 Aster Rd 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Denise Weinmann, Ccim, Sior
    Denise Weinmann, Ccim, Sior
    Real Estate License ID: 475122227
    Learn more
    Google sign-in failed. Please try again or use another login method.