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425 W State Street Sycamore, IL 60178 Commercial - Retail New

New - 44 Hours Ago
  • 425 W State Street , Sycamore, IL 60178 Main Photo

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Description

Seller's loss is the buyer's gain. Price reduced for quick sale.This property is being sold way under the amount that has been invested. Cash offers with a quick closing will win out over price! This is not an opportunity to be missed! Located in the heart of downtown Sycamore this notable building has been completely renovated. Bring your ideas - bar, restaurant, concerts, event center, banquets etc. With 25,500 sf available and a building occupancy load of 598 (could be increased more) to work with there are too many possibilities to list! The building is set up with multiple levels. There is a bar and a huge event/assembly area on the main floor with hardwood floors and seating on either side. There is another bar on the entry level with room for more seating. The lower level is beautifully finished open space that features LVP flooring that has housed pool tables and dart games etc. This area also has the bathrooms an office space and some storage. An elevator provides additional access to separate floors of the building. There is a deck behind the building for outdoor seating and activites. The building is fully sprinklered with a new fire alarm system, a new security system plus the electrical and plumbing systems have been updated. This completely updated property is being sold as-is. All FF&E has been removed.

Property Highlights

Property Type: Commercial - Retail
Building Description: 4.0 stories
Year Built: 1875

General Information

County: DeKalb
Listed By:
Coldwell Banker Real Estate Group 630-232-6900
MRED MLS
$450,000
Est. $3,003/mo
New to the Market New
SQUARE FEET25,500 MLS#12713658
STATUSNew PROPERTY TYPECommercial - Retail

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Ruhl&Ruhl Realtors
563.441.1776

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425 W State Street , Sycamore, IL 60178.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $450,000$450,000$450,000
Down Payment $90,000$15,750$112,500
Monthly Mortgage Amount $2,246$2,721$2,803
Taxes $626$626$626
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$198$0
Monthly Estimated Total $3,003$3,676$3,560

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