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Dekalb Office - Retail 129 E Locust St 2,460 SF 100% Leased Office Building Dekalb, IL 60115 $229,000 ($93.09/SF)

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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
Office
Building Size
2,460 SF
Building Class
C
Year Built
1963
Price
$229,000
Price Per SF
$93.09
Percent Leased
100%
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
  • -
  • -
  • -

tate Farm is one of the largest insurance and financial services organizations in the United States, operating as a mutual company owned by its policyholders. Founded in 1922, the company has built a longstanding reputation for stability, scale, and customer-focused service across personal, commercial, and financial product lines. The organization provides a broad range of offerings, including auto, home, renters, life, health, and business insurance, along with banking, lending, and investment services through affiliated entities. State Farm serves tens of millions of customers nationwide and maintains one of the most extensive insurance distribution networks in the country through independent local agents supported by centralized enterprise operations. As a mutual insurer, State Farm prioritizes long-term financial strength, risk management, and policyholder value over short-term market performance. The company consistently ranks among the largest insurers in North America by premiums written and policies in force, particularly in auto and homeowners insurance. State Farm operates at national scale with a highly integrated organizational structure encompassing underwriting, claims, technology, analytics, legal, compliance, marketing, and customer service functions. Its operations are supported by a large professional workforce and advanced digital platforms designed to enhance claims handling, customer experience, and operational efficiency. Guided by a strong brand identity and a long-standing emphasis on trust and reliability, State Farm continues to play a central role in the U.S. insurance and financial services landscape.

Tenant Industry SF Occupied Rent/SF Lease End
Finance and Insurance - - -
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
08-23-155-012
Land Assessment
$7,919
Improvements Assessment
$60,318
Total Assessment
$68,237
  • Listing ID: 37123966

  • Date on Market: 8/5/2025

  • Last Updated:

  • Address: 129 E Locust St, Dekalb, IL 60115

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