Bob Case
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Don't miss this exceptional investment opportunity in the heart of downtown Sycamore. Positioned as an 8% cap rate at the list price the property will provide an excellent ROI over time. This is a real estate sale only. The tenant is a long standing and succesful restaurant and the location is unbeatable. The current restaurant was established in 2004 and the building has a history as a restaurant before that. The building features two main dining areas, a private dining room, a bar and a fully equipped kitchen. There are two restrooms for patrons and there is one employee restroom in the back. The building is low maintenance all brick construction and one of the two roof top HVAC units has been updated. The real estate is owned by the business owner and they require a lease back so this is purely a real estate investment opportunity. The lease terms moving forward can be negotiable. Do not walk through without a confirmed appointment or approach the employees.
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1910
General Information
County: DeKalb
Listed By:
Coldwell Banker Real Estate Group
630-232-6900
MRED MLS
MLS ID: 12698221
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112 S Maple Street , Sycamore, IL 60178.
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $600,000 | $600,000 | $600,000 |
| Down Payment | $120,000 | $21,000 | $150,000 |
| Monthly Mortgage Amount | $2,955 | $3,580 | $3,737 |
| Taxes | $835 | $835 | $835 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $264 | $0 |
| Monthly Estimated Total | $3,965 | $4,854 | $4,747 |
Bob Case
REALTOR®
Cell: (563) 340-7514
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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