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Dekalb Office - Retail 129 E Locust St 2,460 SF 50% Leased Office Building Dekalb, IL 60115 $229,000 ($93.09/SF)
Investment Highlights
- 1230 sf available for an owner user
- Unbeatable downtown Dekalb location
- Own for less than renting - income from established tenant with a fresh lease
Executive Summary
Own this awesome commercial building for less than renting! Don't miss this owner user or investment opportunity in the best location downtown Dekalb! The building is 50% occupied by an established office tenant with a new long term lease. There is approximately 1230 sf available for an owner to occupy or to put another tenant or two in place. The vacant space has historically been a dentist's office and there is still plumbing in place. The building is currently set up as two units but it can easily be set up as three to create more income potential. There is a full basement of which half has leasing potential. The other half of the basement is primarily storage and mechanicals. Utilities are separately metered for a two unit set up. Only one short block to downtown restaurants, shops and City Hall. Don't miss out. This is the chance that you have been waiting for!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
2,460 SF
Building Class
C
Year Built
1963
Price
$229,000
Price Per SF
$93.09
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,460 SF
Building FAR
0.94
Lot Size
0.06 AC
Zoning
CBD - Commercial
Amenities
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
State Farm began in 1922 when George J. Mecherle created auto insurance for farmers in Illinois. The company expanded into homeowners and life insurance while maintaining its mutual ownership structure. Today State Farm offers various insurance products and financial services like banking and investments. They've become a significant presence in the US insurance market through their large network of agents.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-23-155-012 | Improvements Assessment | $60,318 |
| Land Assessment | $7,919 | Total Assessment | $68,237 |
Property Taxes
Parcel Number
08-23-155-012
Land Assessment
$7,919
Improvements Assessment
$60,318
Total Assessment
$68,237
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Dekalb Office - Retail | 129 E Locust St
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