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    129 E Locust St Dekalb, IL 60115

    For Sale
    $250,000

    Office - DeKalb, IL

    Type:Office
    Property size:
    2,460 SF
    Days on Market:
    119
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 129 E Locust St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    0823155012
    Size
    2,460 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1963
    Number of units
    3
    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Charles Kirkwood (815) 553-2406 License #475142955

    Listing date Aug 9, 2025

    MLS# 12437867 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    DeKalb Office Building For Sale

    This commercial building, located in downtown DeKalb, presents an opportunity for either an owner-user or an investor. Approximately 1230 square feet of space is available, which was historically used as a dentist's office and still has plumbing in place. The building is currently configured as two units but can be easily modified into three units to increase income potential. An established office tenant occupies 50% of the building under a new long-term lease. The property includes a full basement, with half of it offering leasing potential, while the other half is used for storage and mechanicals. The building is set up with separately metered utilities for two units. The property is situated one block from downtown restaurants, shops, and City Hall. The total building size is 2460 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    State Farm Insurance Insurance Agency Travis Mcdonald - State ... Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dekalb
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.75432
    Latitude
    41.932293

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    FAQs

    What type of property is this?
    Office building - Commercial building in downtown DeKalb, ideal for owner-user or investment.
    Where is this office building located?
    The property is located at 129 E Locust St Dekalb, IL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Prime downtown Dekalb location, just a block from restaurants, shops, and City Hall.; - Investment opportunity with 50% occupancy thanks to an established tenant with a new long-term lease.; - Approximately 1230 sq ft of vacant space available for owner occupancy or additional tenants.
    (815) 553-2406
    Request Owner's contact information
    129 E Locust St Dekalb, IL 60115
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    Dekalb, IL 60115
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    129 E Locust St Dekalb, IL 60115
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