Fully Leased Office Investment
For Sale
$229,000
129 E Locust Street, Dekalb, IL 60115
Commercial Sale, DeKalb, IL
Property SizeContact for details
Lot Size0.06 Acres
Days on Market382
Property Features for 129 E Locust Street
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
Lincoln Highway (Route 38) downtown Dekalb to 3rd Street North to Locust West to address - NW corner of 2nd Street and Locust
Subdivision
De Kalb
Standard status
Active
APN
0823155012
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5903
Utilities
Cooling system
Central Air
Building Details
Year built
1963
Floors in Building
1
Number of units
3
Listing Agency:
Coldwell Banker Real Estate Group
(630) 232-6900
Listed By:
Charles Kirkwood · License #475142955
(815) 553-2411
Added: Aug 4, 2025
Changed: Aug 19
Last Checked: Aug 20 at 4:06PM
MLS# 12437867
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Fully leased office investment on a 0.062-acre lot in DeKalb, built in 1963. The building is set up as two units, currently occupied by an established office tenant and a salon, with lease term remaining for both tenants. One unit is under renovation.
The property has dedicated furnaces, air conditioners, and water heaters for both units, and tenants pay gas and electric utilities that are separately metered. A full basement includes a finished half with a concrete floor and a bathroom, plus an additional half suited for storage. Recent improvements include one new furnace, new drain tile, and a battery backup for the sump pump.
The building is described as having the potential to be reconfigured as three units, with three entrances and 3 bathrooms. Central air is also listed for the property. It is located one short block to downtown restaurants, shops, and City Hall. The public remarks also cite an approximately 8.5% cap rate at the list price, and the property is described as 100% occupied.
The property has dedicated furnaces, air conditioners, and water heaters for both units, and tenants pay gas and electric utilities that are separately metered. A full basement includes a finished half with a concrete floor and a bathroom, plus an additional half suited for storage. Recent improvements include one new furnace, new drain tile, and a battery backup for the sump pump.
The building is described as having the potential to be reconfigured as three units, with three entrances and 3 bathrooms. Central air is also listed for the property. It is located one short block to downtown restaurants, shops, and City Hall. The public remarks also cite an approximately 8.5% cap rate at the list price, and the property is described as 100% occupied.
Key Highlights
- 0.062‑acre office investment building built in 1963
- Building is 100% occupied by an office tenant and a salon
- Two‑unit setup with potential to reconfigure as three units with three entrances and 3 bathrooms
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 100% occupied office building with dedicated HVAC systems and separately metered gas and electric utilities.
Where is this office units 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: 0.062‑acre office investment building built in 1963; Building is 100% occupied by an office tenant and a salon; Two‑unit setup with potential to reconfigure as three units with three entrances and 3 bathrooms
