215 Sycamore Rd Genoa, IL 60135
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 215 Sycamore Rd
- Property type
- Commercial real estate
- APN
- 03-29-104-019
- APU
- 329104019
Description
This exceptional 11,000 square foot commercial property presents a remarkable redevelopment or operational opportunity in a high-traffic area of Genoa, Illinois. Strategically situated near the intersection of Route 23 and Route 72, this location boasts exceptional visibility and accessibility. A McDonald's restaurant is directly across the street, and Genoa Motors Auto Sales is conveniently located next door, ensuring consistent high vehicular and pedestrian traffic. The building itself offers over 11,000 square feet of usable space, currently configured into 9-12+ distinct areas, each with potential for individual lease or combined use. The layout is adaptable to a wide range of commercial ventures, including but not limited to auto stores, strip malls, or chain food restaurants. The property's versatility is further enhanced by a basement area, previously utilized as a dog grooming business. This space offers additional potential for expansion or repurposing. The property is being sold in its current "as is" condition, providing a blank canvas for creative entrepreneurs and investors to realize their vision. The high traffic count and prominent location make this an exceptional investment opportunity with significant upside potential. Don't miss this chance to acquire a prime commercial property in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $190,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $200,000
- 6.5%
- $185,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $190,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $220,000
- Retail
- $200,000
- Mixed-Use
- $185,000
- Hospitality
- $205,000
- Educational
- $215,000
- Residential Income
- $215,000
- Energy
- $210,000
- Income-Based Land
- $205,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Genoa
- County
- Dekalb
- State
- Illinois
- Longitude
- -88.6844
- Latitude
- 42.0944
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA