Class B Industrial
For Sale
Contact for pricing
Pending
436 E Locust St, Dekalb, IL 60115
Heavy Industrial-zoned facility with an existing occupant expected to vacate within six months.
Property Size40,020 SF
Lot Size2.38 Acres
Days on Market201
Property Features for 436 E Locust St
General Information
Standard status
Pending
Size
40,020 SF
Class
B
Lot size
2.38 Acres
Property subtype
Industrial
Zoning
HI | Heavy Industrial
Building Details
Year Built
1975
Buildings
1
Stories
1
Tenancy
Single
Building Size
40,020 SF
Listing Agency:
Kwekel Companies
Listed By:
Megan Snyder · License #MI
Source:
Crexi
Added: Feb 10
Changed: Aug 29
Last Checked: Aug 29 at 10:10PM
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 Kwekel Companies
Investment Insights
Based on property information with market context.
This Class B industrial building contains 40,020 square feet on a 2.38-acre site. Constructed in 1975, the facility is designated HI | Heavy Industrial zoning and is currently occupied by Premium Wood Products.
The property is located at 436 E Locust St in DeKalb, Illinois, near Chicago. Premium Wood Products plans to leave the facility within the next 6 months, providing a defined transition point for the building.
The property is located at 436 E Locust St in DeKalb, Illinois, near Chicago. Premium Wood Products plans to leave the facility within the next 6 months, providing a defined transition point for the building.
Key Highlights
- 40,020‑square‑foot Class B industrial building
- Situated on a 2.38‑acre site
- HI | Heavy Industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$172,273
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,445,460
$3.4M
Cap Rate 7%
$2,461,043
$2.5M
Cap Rate 9%
$1,914,144
$1.9M
Market Conditions
NOI Build-Up for 40,020 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$259.3K $6.48/SF
− Vacancy
−$13.2K −$0.33/SF
EGI
$246.1K $6.15/SF
− OpEx
−$73.8K −$1.84/SF
NOI
$172.3K $4.30/SF
Area
DeKalb County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,445,460
Cap Rate 7%
$2,461,043
Cap Rate 9%
$1,914,144
Alternative Uses
Best Use
Industrial
$2.46M
$2.15M – $2.87M
NOI $172,273 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.82M
$12.09M – $16.12M
NOI $967,196 @ 7.0% cap · market cap 42.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
982
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 Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Heavy Industrial-zoned facility with an existing occupant expected to vacate within six months.
Where is this industrial property located?
The property is located at 436 E Locust St Dekalb, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 40,020‑square‑foot Class B industrial building; Situated on a 2.38‑acre site; HI | Heavy Industrial zoning
