Small Flex Condo with Warehouse
For Sale
Contact for pricing
700 N Peace Rd, Dekalb, IL 60115
Flex condo features a main floor office area, warehouse/shop space, and a second-floor workstation layout with ample parking.
Property Size9,715 SF
Price / SF$71.95
Days on Market330
Property Features for 700 N Peace Rd
General Information
Standard status
Active
Size
9,715 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Stories
2
Listing Agency:
Dolan & Murphy Inc
(630) 801-8800
Listed By:
Dan J Dolan
(630) 885-5785
Source:
Moodyscre
Added: Dec 3, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:20AM
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 Dolan & Murphy Inc
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Investment Insights
Based on property information with market context.
This small flex condo combines office and warehouse/shop space across two levels. The main floor totals 7,140 SF and includes six private offices, a break room with kitchenette, a reception area, two restrooms, a large workstation area, two preparation/storage areas, and a large warehouse/shop space. The second floor adds 2,575 SF with two private offices, a display area, a preparation area, a storage area, and a large workstation area. The property also includes one drive-in door (10' x 14') and ceiling heights ranging from 14' to 16'.
The building is located in close proximity to DeKalb Taylor Municipal Airport, I-88, IL Route 38, and Northern Illinois University. Ample parking is available on site, and the listing notes low DeKalb County taxes.
Overall, the layout supports combined back-of-house storage and shop use with dedicated office and workstation space distributed between the main and second floors.
The building is located in close proximity to DeKalb Taylor Municipal Airport, I-88, IL Route 38, and Northern Illinois University. Ample parking is available on site, and the listing notes low DeKalb County taxes.
Overall, the layout supports combined back-of-house storage and shop use with dedicated office and workstation space distributed between the main and second floors.
Key Highlights
- Hard‑to‑find small flex condo with main floor office, warehouse/shop space, and second‑floor workstation layout
- Main floor totals 7,140 SF with six private offices, break room with kitchenette, reception, 2 restrooms, workstations, prep/storage, and warehouse/shop
- Second floor totals 2,575 SF with two private offices, display, prep/storage, and a large workstation area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,781
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,620
$1.0M
Cap Rate 7%
$725,443
$725.4K
Cap Rate 9%
$564,233
$564.2K
Market Conditions
NOI Build-Up for 9,715 SF
Gross rent
$63.0K $6.48/SF
− Vacancy
−$3.2K −$0.33/SF
EGI
$59.7K $6.15/SF
− OpEx
−$9.0K −$0.92/SF
NOI
$50.8K $5.23/SF
Area
DeKalb County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,620
Cap Rate 7%
$725,443
Cap Rate 9%
$564,233
Alternative Uses
Best Use
Flex RnD
$1.46M
$1.28M – $1.70M
NOI $102,299 @ 7.0% cap · market cap 14.64%
Second Best
Warehouse
$725.4K
$634.8K – $846.4K
NOI $50,781 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,790 @ 7.0% cap · market cap 33.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Well-served
Demand for This Use
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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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Flex condo features a main floor office area, warehouse/shop space, and a second-floor workstation layout with ample parking.
Where is this flex space located?
The property is located at 700 N Peace Rd Dekalb, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Hard‑to‑find small flex condo with main floor office, warehouse/shop space, and second‑floor workstation layout; Main floor totals 7,140 SF with six private offices, break room with kitchenette, reception, 2 restrooms, workstations, prep/storage, and warehouse/shop; Second floor totals 2,575 SF with two private offices, display, prep/storage, and a large workstation area
