Two-Unit Mixed-Use
For Sale
$229,000
129 E Locust Street, Dekalb, IL 60115
Office and salon occupants provide an established mix of commercial uses in this downtown building.
Property Size2,460 SF
Price / SF$93.09
Days on Market447
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%
Utilities to Site
Yes
Office Units
2
Tenant in Place
Yes
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
Listed By:
Charles Kirkwood · License #475142955
(630) 232-6900
Source:
Crossdavidson
Added: Aug 4, 2025
Changed: Oct 23
Last Checked: Oct 23 at 5:55PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,460-square-foot mixed-use building dates to 1963 and is arranged as two units, occupied by an office tenant and a salon. Three entrances and three bathrooms offer the physical components for a possible three-unit layout. Each current unit has its own furnace, air conditioner, and water heater; gas and electric service are separately metered, with tenants responsible for those utilities. One unit is undergoing renovation.
A full basement provides a finished area with a concrete floor and bathroom, as well as a separate portion suited to storage. Improvements include a replacement furnace, drain tile, and battery backup for the sump pump. The property is at 129 E Locust Street in downtown Dekalb, one short block from restaurants, shops, and City Hall. Both tenants have remaining lease terms.
A full basement provides a finished area with a concrete floor and bathroom, as well as a separate portion suited to storage. Improvements include a replacement furnace, drain tile, and battery backup for the sump pump. The property is at 129 E Locust Street in downtown Dekalb, one short block from restaurants, shops, and City Hall. Both tenants have remaining lease terms.
Key Highlights
- 2,460‑square‑foot mixed‑use building, built in 1963
- Fully occupied by an office tenant and a salon
- Two existing units; three entrances and three bathrooms support a possible three‑unit configuration
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
2
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and salon occupants provide an established mix of commercial uses in this downtown building.
Where is this mixed-use property 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: 2,460‑square‑foot mixed‑use building, built in 1963; Fully occupied by an office tenant and a salon; Two existing units; three entrances and three bathrooms support a possible three‑unit configuration
