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 Details
Price:
$229,000
MLS #:
MRD12437867
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Office
Neighborhood:
dekalb
Listed Date:
Aug 4, 2025
Total Sq Ft:
2,460
Year Built:
1963
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Stories
1
Financial
Tax Year
2024
Taxes
$5,903
Map
Community
- Address129 E Locust Street DeKalb IL
- CityDeKalb
- CountyDeKalb
- Zip Code60115
Market Summary
Current real estate data for Commercial in DeKalb as of Oct 09, 2026
19
Commercial Listed
216
Avg DOM
$1,088,363
Avg List Price
Property Summary
- 129 E Locust Street DeKalb IL is a Commercial for sale in DeKalb, IL, 60115. It is listed for $229,000
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Copyright 2026. All rights reserved.
129 E Locust Street
DeKalb, IL


