129 E Locust Street, DeKalb, IL 60115
DeKalb County
Key Facts
Description
Don't miss this fully leased investment opportunity in the heart of downtown Dekalb! This one is approximately an 8.5% cap rate at the list price. The building is 100% occupied by an established office tenant and a salon. Both tenants have plenty of lease term remaining and one of the units is currently under renovation. The building is set up as two units but it could be set up as three (three entrances and 3 bathrooms) if this should become desirable in the future. There are dedicated furnaces, air conditioners and water heaters for both units. There is a full basement. One half is finished out with a concrete floor and it has a bathroom. The other half is suitable for storage. Recent improvements include one new furnace and a new drain tile along with a battery backup for the sump pump in the full basement. The tenants pay gas and electric utilities which are separately metered. 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 Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
1963
Stories
1
Living Area
2,460 sq ft
Lot Size
2,700 sq ft
Lot Dimensions
60x43
Days on Market
326
MLS® Listing#
12437867
Property Features
Cooling
Financial Details
Annual Taxes
$5,903
Tax year 2024
Parcel Number
0823155012
Directions
Lincoln Highway (Route 38) downtown Dekalb to 3rd Street North to Locust West to address - NW corner of 2nd Street and Locust
Affordability Calculator
$45,800
Estimated monthly payment
$1,219/mo
Principal $183,200 · Est. interest $255,580 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in DeKalb, IL
- $330,000
- Median Listing Price
- 41
- Median Days on Market
- 2,062
- Median Sq Ft
- $191
- Median Price / Sq Ft
- 28
- Active Listings
- This home’s price is 31% below the area median.
- Its price per sq ft is 51% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in DeKalb, IL.
Location
Points of Interest in DeKalb, IL
Showing the DeKalb area map.
Nearby Schools
Debutantes School
Secondary · 0.1 mi away
Camelot Nwca
Elementary · 0.3 mi away
Clinton Rosette Middle School
Secondary · 0.4 mi away
Illinois School Service
School · 0.6 mi away
Chesebro Elementary School
Elementary · 0.7 mi away
Dekalb High School
Secondary · 0.8 mi away
Founders Elementary School
Elementary · 0.8 mi away
Schools
School · 0.8 mi away
Littlejohn Elementary School
Elementary · 0.9 mi away
Lincoln Elementary School
Elementary · 1.0 mi away
Tyler Elementary School
Elementary · 1.1 mi away
Jefferson Elementary School
Elementary · 1.2 mi away
Huntley Middle School
Secondary · 1.4 mi away
Dekalb High School
Secondary · 1.6 mi away
Gwendolyn Brooks Elementary School
Elementary · 2.4 mi away
South Prairie Elementary School
Elementary · 4.0 mi away
Cortland Elementary School
Elementary · 4.3 mi away
Sycamore High School
Secondary · 4.4 mi away
ABC Preschool
School · 4.7 mi away
West Elementary School
Elementary · 4.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1147 E Lincoln Highway, DeKalb, IL | $197,500 | 3 | 3 | — |
| 226 W Locust Street, DeKalb, IL | $216,492 | — | — | — |
| 157 E Lincoln Highway, DeKalb, IL | $218,000 | — | — | 4,500 |
| 152 Tilton Park Drive, DeKalb, IL | $225,000 | 2 | 1 | 729 |
| 820 Russell Road, DeKalb, IL | $230,000 | — | — | 2,400 |
| 136 John Street, DeKalb, IL | $233,000 | 4 | 3 | 2,800 |
Moving Cost Estimate
EXIT Agents in DeKalb
Listing Courtesy: Coldwell Banker Real Estate Group - 6302326900
Last Updated: 2025-08-04