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Auction - Walmart Outparcel | 9,324 SF Strip 2428-2430 Sycamore Rd 9,324 SF 17% Leased Retail Building Dekalb, IL 60115 $150,000 ($16.09/SF)
Investment Highlights
- STARTING BID $150,000 | Aldi, T.J. Maxx, Walmart Outparcel | 9,324 SF Strip Center | Signalized Hard Corner | AUCTION MARCH 23-25
- Signalized Hard Corner and Just Off the Intersection of Sycamore Road with 23,633 VPD
- Proximity to Major Regional Demand Drivers: Minutes from DeKalb Taylor Airport, Northern Illinois University, Northwestern Medicine Kishwaukee Hospita
- Multi-Tenant Retail Building with Medical Tenant in Shopping Center including Aldi, HomeGoods, TJMaxx, Burlington, Planet Fitness, Ross, and PetSmart
- Nearby National Retailers: Target, Lowe’s, Walmart, Hy-Vee Supermarket, Ollie’s, Starbucks, Raising Cane’s, Harbor Freight, Old Navy, Famous Footwear
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a freestanding, multi-tenant retail building located within the Northland Plaza Shopping Center at 2428 Sycamore Road, Dekalb, Illinois (the “Property”). Currently 17% occupied (one tenant - Heartland Blood Centers), this is an exceptional opportunity for investors to acquire a highly visible, strategically positioned asset in one of Greater Chicago’s most desirable retail corridors.
The Property is comprised of a 9,324 SF single-story building, situated on a 1.012-acre parcel. The building offers three retail spaces, with Heartland Blood Centers occupying 1,569 SF (16.83% of GLA) and the balance currently vacant. Heartland Blood Centers has occupied the space since 2005 and recently extended their lease through February 29, 2028. The Property sits in a proven retail corridor with strong customer traffic and established co-tenancy synergies. The Property is zoned “PD-C” Planned Development - Commercial, allowing a broad mix of retail, service, and commercial uses, offering flexibility for both investors and potential owner-users.
DeKalb is a Northern Illinois retail submarket in the greater Chicago MSA anchored by the year-round demand of Northern Illinois University (NIU). NIU’s enrollment has been trending upward, helping support steady spend across quick-service, convenience, and daily-needs categories. Retail activity is concentrated along established commercial corridors like Sycamore Road (IL-23) with national big-box anchors that reinforce the area’s role as a primary shopping node for DeKalb and surrounding communities. The Property is located in an area that serves 66,690 individuals with an average household income (AHHI) of $76,896 within a 5-mile radius supporting continued demand for medical, office, and retail services.
The Property is comprised of a 9,324 SF single-story building, situated on a 1.012-acre parcel. The building offers three retail spaces, with Heartland Blood Centers occupying 1,569 SF (16.83% of GLA) and the balance currently vacant. Heartland Blood Centers has occupied the space since 2005 and recently extended their lease through February 29, 2028. The Property sits in a proven retail corridor with strong customer traffic and established co-tenancy synergies. The Property is zoned “PD-C” Planned Development - Commercial, allowing a broad mix of retail, service, and commercial uses, offering flexibility for both investors and potential owner-users.
DeKalb is a Northern Illinois retail submarket in the greater Chicago MSA anchored by the year-round demand of Northern Illinois University (NIU). NIU’s enrollment has been trending upward, helping support steady spend across quick-service, convenience, and daily-needs categories. Retail activity is concentrated along established commercial corridors like Sycamore Road (IL-23) with national big-box anchors that reinforce the area’s role as a primary shopping node for DeKalb and surrounding communities. The Property is located in an area that serves 66,690 individuals with an average household income (AHHI) of $76,896 within a 5-mile radius supporting continued demand for medical, office, and retail services.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,324 SF
Building Class
B
Year Built/Renovated
1968/2004
Price
$150,000
Price Per SF
$16.09
Percent Leased
17%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.49 AC
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Well positioned retail for lease within DeKalb located near Northern Illinois University
Well positioned retail for lease within DeKalb located near Northern Illinois University
| Space | Size | Space Use | Position | Available |
| 2420 | 3,500 SF | Retail | Outparcel | Now |
| 2424 | 4,255 SF | Retail | Outparcel | Now |
2420
| Size |
| 3,500 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
2424
| Size |
| 4,255 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
2420
| Size | 3,500 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
Well positioned retail for lease within DeKalb located near Northern Illinois University
2424
| Size | 4,255 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
Well positioned retail for lease within DeKalb located near Northern Illinois University
Bike Score®
Very Bikeable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-12-451-026 | Improvements Assessment | $94,160 |
| Land Assessment | $32,747 | Total Assessment | $126,907 |
Property Taxes
Parcel Number
08-12-451-026
Land Assessment
$32,747
Improvements Assessment
$94,160
Total Assessment
$126,907
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Auction - Walmart Outparcel | 9,324 SF Strip | 2428-2430 Sycamore Rd
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