Fully Leased Office
For Sale
Under Contract
$229,000
129 E Locust Street, Dekalb, IL 60115
Commercial Sale, DeKalb, IL
Property SizeContact for details
Lot Size0.06 Acres
Days on Market428
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 Under Contract
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: Sep 2
Last Checked: Oct 5 at 2:06PM
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.
This 1963 office building at 129 E Locust Street is fully occupied by an established office tenant and a salon. The property is configured as two units, with three entrances and three bathrooms providing the physical framework for a potential three-unit arrangement. Each existing unit has its own furnace, air conditioner, and water heater, while gas and electric service are separately metered. One unit is undergoing renovation.
The full basement includes a finished section with a concrete floor and bathroom, plus a separate area suited to storage. Recent work includes installation of one new furnace, new drain tile, and a battery backup for the sump pump. The property is located one short block from downtown DeKalb restaurants, shops, and City Hall. The investment is reported at an approximately 8.5% cap rate, with tenants responsible for gas and electric utilities.
The full basement includes a finished section with a concrete floor and bathroom, plus a separate area suited to storage. Recent work includes installation of one new furnace, new drain tile, and a battery backup for the sump pump. The property is located one short block from downtown DeKalb restaurants, shops, and City Hall. The investment is reported at an approximately 8.5% cap rate, with tenants responsible for gas and electric utilities.
Key Highlights
- 100% occupied by an established office tenant and a salon
- Approximately 8.5% cap rate
- Two‑unit setup with three entrances and 3 bathrooms
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Two-unit commercial layout with separate utility metering, dedicated mechanical systems, and a full basement.
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: 100% occupied by an established office tenant and a salon; Approximately 8.5% cap rate; Two‑unit setup with three entrances and 3 bathrooms
