Medical Office Space with Custom
217 S 3rd Street, Dekalb, IL 60115
For Sale
Contact for pricing
The planned renovation can modify interior walls and plumbing for commercial requirements.
Property Size700 SF
Price / SF$0.04
Days on Market33
Property Features for 217 S 3rd Street
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Digital Realty
(630) 428-7979
Listed By:
Kenneth Carn
(630) 742-6789
Source:
Helenoliveri
Added: Oct 7
Changed: Nov 7
Last Checked: Nov 7 at 7:59AM
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 Digital Realty
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Investment Insights
Based on property information with market context.
This 700-square-foot medical office space was built in 1944 and previously operated as a dental office. The interior is slated for renovation, with wall placement and plumbing eligible for adjustment to accommodate commercial requirements. The anticipated construction period is 90 to 120 days.
Key Highlights
- 700 square feet of medical office space
- Built in 1944
- Planned renovation can adjust walls and plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,274
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,480
$185.5K
Cap Rate 7%
$132,486
$132.5K
Cap Rate 9%
$103,044
$103.0K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$16.8K $24.00/SF
− Vacancy
−$1.3K −$1.92/SF
EGI
$15.5K $22.08/SF
− OpEx
−$6.2K −$8.83/SF
NOI
$9.3K $13.25/SF
Area
DeKalb County, IL
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,480
Cap Rate 7%
$132,486
Cap Rate 9%
$103,044
Alternative Uses
Best Use
Office B
$137.9K
$120.7K – $160.9K
NOI $9,652 @ 7.0% cap · market cap 33,282.76%
Second Best
Healthcare Medical
$132.5K
$115.9K – $154.6K
NOI $9,274 @ 7.0% cap · market cap 31,979.31%
Theoretical Best
Office A
$241.7K
$211.5K – $282.0K
NOI $16,917 @ 7.0% cap · market cap 58,334.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The planned renovation can modify interior walls and plumbing for commercial requirements.
Where is this medical office space located?
The property is located at 217 S 3rd Street Dekalb, IL.
What are key features of this property?
This property features: 700 square feet of medical office space; Built in 1944; Planned renovation can adjust walls and plumbing
