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Live-Work Property with Efficiency Apartment

323 S 5th Street, Dekalb, IL 60115

For Sale
$250,000

A five-office workspace and separate efficiency apartment are complemented by dedicated parking at the front and rear.

Property Size2,044 SF
Price / SF$122.31
Days on Market18

Property Features for 323 S 5th Street

General Information

Standard status Active
Size 2,044 SF
Property subtype Commercial
Zoning RC1

Additional Details

Office Units 1
Property Use Office

Building Details

Building Size 2,044 SF
Year Built 2003
Buildings 1
Stories 1
Units 2
Listing Agency: Elm Street REALTORS
Listed By: Nancy Edwards
Source: Fishmangroup
Added: Oct 22 Changed: Nov 7 Last Checked: Nov 7 at 5:49PM

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 Elm Street REALTORS

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Investment Insights

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Built in 2003, this 2,044-square-foot live-work property combines a professional office area with a separate efficiency apartment. The office includes five private rooms, an entry, kitchenette, 1.5 bathrooms, and a full basement. Central air serves the office portion, while window units cool the entry and apartment. Construction includes full-foundation and slab sections, and the exterior is described as maintenance-free.

The apartment has an open living and sleeping area, kitchenette with stove and refrigerator, washer and dryer, and a full bathroom. Three parking spaces are designated at both the front and rear, with additional off-street parking. The property is zoned RC1 (Residential Conservation); any change in zoning or use requires the applicable municipal approvals.

Key Highlights

  • 2,044 square feet; built in 2003
  • Five private office rooms, kitchenette, 1.5 baths, and full basement
  • Separate efficiency apartment with stove, refrigerator, washer, dryer, and full bath

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick Dental Office Bakery Electrical Service Garden Center Carpet & Flooring Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units

Location Intelligence

Trade Area within ½ mile

997
Businesses Nearby

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
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Live-work space - A five-office workspace and separate efficiency apartment are complemented by dedicated parking at the front and rear.
Where is this live-work space located?
The property is located at 323 S 5th Street Dekalb, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,044 square feet; built in 2003; Five private office rooms, kitchenette, 1.5 baths, and full basement; Separate efficiency apartment with stove, refrigerator, washer, dryer, and full bath
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