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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)

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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

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

Storage Space

Air Conditioning

Major Tenants

Finance and Insurance
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State Farm began in 1922 when G.J. Mecherle founded the business in central Illinois as an auto insurance company built around fairness for farmers and other drivers. The company has since grown into a mutual insurer that offers auto, home, renters, life, health, and business coverage, along with financial services and claims support. State Farm’s public materials describe a long-running focus on helping customers manage everyday risks, recover from unexpected events, and plan for the future. Recent company reporting also shows a broad market presence across insurance and related services, with a wide network of agent offices serving millions of policies and accounts.