2525 Bethany Rd Sycamore, IL 60115
- Commercial real estate
- 1.43 lot acres
Current Use by Public Records
- Studio 25 / Beauty Salon
Property Details for 2525 Bethany Rd
- Lot size
- 1.43 lot acres
- Property type
- Commercial real estate
- APN
- 08-01-451-010
- APU
- 801451010
Description
This exceptional 7,200-square-foot single-tenant building, situated on a 1.44-acre lot in Sycamore, Illinois, presents a remarkable investment opportunity. Constructed in 1986, this one-story structure boasts 24 parking spaces, providing ample convenience for employees and clients. Currently configured as a fully improved salon, the property features extensive recent upgrades valued at hundreds of thousands of dollars. These improvements include polished concrete floors, high ceilings, a mix of enclosed and open-air salon suites, robust electrical and water service, a break room, a laundry room, and a sophisticated climate control system. The building's spacious layout and oversized lot offer significant expansion potential, making it adaptable to various uses. The property's strategic location between DeKalb and Sycamore ensures high visibility and accessibility. While currently operating as a high-volume salon, the building's versatile design makes it suitable for repurposing as an office or light industrial space. The asking price is below replacement cost, representing a compelling value proposition. The property is offered as-is. Interested parties are asked to refrain from contacting the tenant directly and schedule a private showing through the appropriate channels. The property is located at 2525 Bethany Rd, DeKalb, IL 60115.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $330,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $355,000
- Mixed-Use
- $365,000
- Hospitality
- $355,000
- Educational
- $275,000
- Residential Income
- $370,000
- Energy
- $320,000
- Income-Based Land
- $340,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Sycamore
- County
- Dekalb
- State
- Illinois
- Longitude
- -88.724
- Latitude
- 41.9669
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA