Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2341-2371 Sycamore Rd Dekalb, IL 60115

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space anchored by Target with high visibility and foot traffic.

    Property size:
    11,833 SF
    Lot size:
    6.63 Acres

    Property Features for 2341-2371 Sycamore Rd

    General Information

    Size
    11,833 SF
    Lot size
    6.63 Acres

    We can help!

    Listing Contact
    Paul Shand
    Source: Moodyscre

    Listing Agency: The Mid-America Management Corporation Listing Agent: Paul Shand

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Near Northern Illinois University

    This retail property is anchored by Target and benefits from a growing population of 104,897 residents in DeKalb County. Its location near Northern Illinois University provides access to a consumer base of 25,000 students. The property is conveniently located near the new Northwestern Medicine Hospital, which employs 580 professionals. Situated at a major retail intersection, the property benefits from high visibility and foot traffic. The location is surrounded by retailers including Kohl’s, Lowe's, Best Buy, TJMaxx, Ross, PetSmart, HomeGoods, Walmart, and Meijer, creating a strong retail environment. The property offers 9290 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Dekalb Shopping Center, Northland Plaza Improvements, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Dekalb
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.725325
    Latitude
    41.952461

    Nearby Similar for Lease

    • Contact for pricing

      DeKalb Retail Space Available

      Commercial retail space for rent in DeKalb, Illinois.
      156 E Lincoln Hwy, Dekalb, IL 60115
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Schnucks Anchored Center

      Retail space available in DeKalb, IL, near Interstate 88.
      901-975 S Annie Glidden Rd, Dekalb, IL 60115
      View Details
    • $17 SF/Yr

      Retail Space Near DeKalb Market

      2625 SF retail space adjacent to DeKalb Market Square.
      2211 Sycamore Rd, Dekalb, IL 60115
      View Details
    • Contact for pricing
      1,400 SF

      DeKalb Retail Anchor Space Available

      Retail anchor space available near Northern Illinois University.
      2562 Sycamore Rd, Dekalb, IL 60115
      View Details
    • Contact for pricing
      112,650 SF

      DeKalb Warehouse in Park 88

      Warehouse in Park 88, DeKalb, with trailer parking.
      711 E Fairview Dr, Dekalb, IL 60115
      View Details
    • Contact for pricing

      Retail Center on Sycamore Road

      Retail, medical, fitness, service, or restaurant spaces for lease.
      2350 Sycamore Rd, Dekalb, IL 60115
      View Details
    • Contact for pricing

      Commercial Space Near NIU Campus

      Retail spaces available near Northern Illinois University.
      901 Lucinda Ave, Dekalb, IL 60115
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space Near NIU

      Retail space available near Northern Illinois University.
      2420-2428 Sycamore Rd, Dekalb, IL 60115
      View Details
    • Contact for pricing
      8,425 SF

      DeKalb Retail Space Available

      Retail space available near Northern Illinois University.
      2478-2550 Sycamore Rd, Dekalb, IL 60115
      View Details
    • Contact for pricing
      2,520 SF

      Retail Space Near NIU

      Retail space available near Northern Illinois University.
      2434-2448 Sycamore Rd, Dekalb, IL 60115
      View Details
    • Contact for pricing

      Retail Space Near University

      Retail spaces available near Northern Illinois University campus.
      1015 W Lincoln Hwy, Dekalb, IL 60115
      View Details
    • Contact for pricing

      Retail Build-to-Suit Space Available

      Up to 5,000 SF retail space for lease.
      1127 W Lincoln Hwy, Dekalb, IL 60115
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space anchored by Target with high visibility and foot traffic.
    Where is this shopping center located?
    The property is located at 2341-2371 Sycamore Rd Dekalb, IL.
    What are key features of this property?
    This property features: - Prime location anchored by Target at a major retail intersection.; - High visibility and foot traffic.; - Proximity to Northern Illinois University with a 25,000 student consumer base.
    (216) 771-4440 Call to check price and availability
    Request Owner's contact information
    2341-2371 Sycamore Rd Dekalb, IL 60115
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2341-2371 Sycamore Rd
    Dekalb, IL 60115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2341-2371 Sycamore Rd Dekalb, IL 60115
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Paul Shand
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!