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.
— the listing agent’s description
The home
Built in 1910
Lot 50x64x50x65
Retail/Stores
What it’ll cost
$9,595 taxes / yr
No HOA
7 days on dwello
Estimated monthly payment
$4,165/mo
Principal & interest$3,190
Property taxes$800
Homeowners insurance$175
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