Fully Leased Office
For Sale
$229,000
129 E Locust Street, Dekalb, IL 60115
Two occupied suites feature dedicated mechanical systems and separately metered utilities.
Property Size2,460 SF
Days on Market392
Property Features for 129 E Locust Street
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Cap Rate
8.5%
Office Units
2
Taxes and HOA fees
Annual Taxes
$5,902
Building Details
Building Size
2,460 SF
Year Built
1963
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Coldwell Banker Real Estate Group
(630) 232-6900
Listed By:
Charles Kirkwood · License #475142955
(630) 232-6900
Source:
Perillorealestategroup
Added: Aug 4, 2025
Changed: Aug 29
Last Checked: Aug 23 at 6:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1963, this office building is fully occupied by an office tenant and a salon, with lease terms remaining for both occupants. The property is currently arranged as two units, with three entrances and three bathrooms supporting possible reconfiguration into three suites. One unit is undergoing renovation.
Each suite has its own furnace, air conditioner, and water heater. The full basement includes a finished portion with a concrete floor and bathroom, while the remaining area provides storage space. Recent capital work includes a furnace replacement, new drain tile, and a battery backup for the sump pump. Gas and electric service is separately metered and paid by the tenants.
Located at 129 E Locust Street in Dekalb, the property is one short block from downtown restaurants, shops, and City Hall. The property carries an approximately 8.5% cap rate.
Each suite has its own furnace, air conditioner, and water heater. The full basement includes a finished portion with a concrete floor and bathroom, while the remaining area provides storage space. Recent capital work includes a furnace replacement, new drain tile, and a battery backup for the sump pump. Gas and electric service is separately metered and paid by the tenants.
Located at 129 E Locust Street in Dekalb, the property is one short block from downtown restaurants, shops, and City Hall. The property carries an approximately 8.5% cap rate.
Key Highlights
- Approximately 8.5% cap rate
- 100% occupied by an office tenant and a salon
- Two‑unit layout with three entrances and three bathrooms
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,008
Businesses Nearby
Explore this area
Business Placement
Demographics for 60115, IL
42,103
Population
18,175
Households
2.3
Avg Household Size
29
Median Age
36%
College-Educated
90%
High-School Grad
81.0 sq mi
ZIP Area
520
Density / Sq Mi
$46,808
Median Household Income
$22,838
Median Earnings
$1,018
Median Rent
$205,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Two occupied suites feature dedicated mechanical systems and separately metered utilities.
Where is this office building located?
The property is located at 129 E Locust Street Dekalb, IL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Approximately 8.5% cap rate; 100% occupied by an office tenant and a salon; Two‑unit layout with three entrances and three bathrooms
