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Listed by Charles Kirkwoodof Coldwell Banker Real Estate Group
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Est. payment /mo
Active
129 E Locust ST Dekalb, IL 60115
2,460 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 2,460 sqft
MLS Listing ID 12437867
Year Built 1963
Annual Tax Amount $5,902
Tax Year 2024
Lot Dimensions 60x43
Property Sub-Type Office/Tech
Property 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!
Location
State IL
County Dekalb
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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