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    2050 Lincoln Hwy DeKalb, IL 60115

    Sponsored
    For Sale
    $525,000

    High-traffic lot, multiple uses possible.

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    330
    This exceptional 50,094 sq ft commercial lot at 2050 E Lincoln Highway in DeKalb, Illinois (zip code 60115), is priced at $525,000. Currently zoned for a variety of uses, including a used car lot and storage units, this property presents a unique investment opportunity. The lot's high visibility on a busy street ensures significant exposure for any business. The property's previous use included a single-family home with three bedrooms, a finished basement with an additional bedroom and family room, a brick paver patio, a gazebo, and attached and detached garages providing ample parking. The existing structures offer potential for conversion or repurposing to suit a variety of commercial needs. The city of DeKalb has already approved its use as a used car lot and storage units, streamlining the permitting process for similar ventures. This versatile property is ideal for entrepreneurs seeking a high-traffic location with diverse development possibilities. The substantial lot size allows for significant expansion or the addition of new structures. Don't miss this chance to acquire a prime commercial property in a thriving Illinois community.

    Property Features for 2050 Lincoln Hwy

    General Information

    Property type
    Land

    HighLights

    • $525,000 asking price.
    • 50,094 sq ft lot.
    • Special purpose property with existing single‑family home, apartment, and multiple garages.
    • High‑traffic location on E Lincoln Highway in DeKalb, IL.
    • Zoned for multiple uses, including a used car lot and storage units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jw Auto sales ... Motor Vehicle Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel 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
    -88.7265291
    Latitude
    41.9225254

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    FAQs

    What type of property is this?
    Land - High-traffic lot, multiple uses possible.
    Where is this land located?
    The property is located at 2050 Lincoln Hwy DeKalb, IL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: $525,000 asking price.; 50,094 sq ft lot.; Special purpose property with existing single-family home, apartment, and multiple garages.
    Request Owner's contact information
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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
    2050 Lincoln Hwy DeKalb, IL 60115
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