Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Space Near NIU Campus Title is generated by Realmo AI

    901 Lucinda Ave, Dekalb, IL 60115

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail spaces available near Northern Illinois University.

    Type:Retail
    Property size:
    5,695 SF
    Added:
    Dec 18, 2023
    Days on Market:
    898
    Last Refresh:
    May 12 at 11:34 pm

    Property Features for 901 Lucinda Ave

    General Information

    Standard status
    Active
    Size
    5,695 SF
    Property subtype
    Retail

    Spaces For Lease

    at 901 Lucinda Ave Contact us

    Unit K $8/Mo

    Size
    5,695 SF
    Type
    Retail
    Contact us

    Unit F2 $10/Mo

    Size
    960 SF
    Type
    Retail
    Contact us

    Unit F $7/Mo

    Size
    3,328 SF
    Type
    Retail
    Contact us

    Unit A $6/Mo

    Size
    Type
    Retail
    Contact us

    Unit J $10/Mo

    Size
    3,015 SF
    Type
    Retail
    Contact us
    Show more

    We can help!

    Listing Contact
    Mike Carpenter

    Listing agent Mike Carpenter License #IL 471.009955

    Listing office RVG Commercial Real Estate

    Listing date Dec 18, 2023

    Source Crexi

    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 RVG Commercial Real Estate

    HighLights

    • Prime location right across from Northern Illinois University (NIU)
    • Flexible space: 3,328 to 5,695 square feet available
    • Competitive lease rates: $6.00 to $8.00 PSF NNN
    • Established co‑tenants include Domino's, Panda House, and other well‑known businesses
    • Ample parking available for customers and staff
    • Diverse tenant mix with a wide variety of food and beverage options

    Overview

    Commercial space is available for lease, ranging from 3,328 to 5,695 square feet. The property is located directly across from Northern Illinois University (NIU). Lease rates range from $6.00 to $8.00 per square foot on a NNN basis. Current co-tenants include Domino's, Panda House, Sharks, Hot Spot Deli, Cast Iron Coffee, La Salsa Restaurant, and Graham Crackers. The property offers ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Huskie Grocery Store, ... Grocery & Convenience Store Panda House Restaurant Bright Field Church Church Graham Crackers Comics ... (Bike/Boat/Book/etc) Store Cast Iron Coffee Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dekalb
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.771404
    Latitude
    41.936654

    Nearby Similar for Lease

    • Contact for pricing

      DeKalb Retail Space Available

      Commercial retail space for rent in DeKalb, Illinois.
      156 E Lincoln Highway, DeKalb, IL 60115
      View Details
    • Contact for pricing
      59,305 SF

      Retail Space in Major Center

      Retail space available in a large shopping center.
      2058 Sycamore Road, DeKalb, IL, 60115
      View Details
    • Contact for pricing
      6,124 SF

      Retail Space on Sycamore Road

      Retail space available in high-traffic DeKalb retail area.
      2151 Sycamore Road, DeKalb, IL, 60115
      View Details
    • Contact for pricing
      1,400 SF

      DeKalb Retail Anchor Space Available

      Retail anchor space available near Northern Illinois University.
      2562 Sycamore Rd, DeKalb, IL
      View Details
    • $1,250/Mo

      Furnished Office Space For Rent

      Furnished office space in DeKalb's central business district.
      126 S 4th Street A, DeKalb, IL 60115
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Schnucks Anchored Center

      Retail space available in DeKalb, IL, near Interstate 88.
      901-975 S Annie Glidden Rd, DeKalb, IL
      View Details
    • $16 SF/Yr
      5,655 SF

      Class A Mixed-Use Building

      New Class A mixed-use building with retail and office spaces.
      228 N 4th Street, DeKalb, IL 60115
      View Details
    • $8 SF/Yr
      5,695 SF

      Retail Space Near NIU Campus

      Retail spaces available near Northern Illinois University campus.
      901 Lucinda Avenue, DeKalb, IL 60115
      View Details
    • Contact for pricing
      9,290 SF

      Retail Space Near Northern Illinois University

      Retail space anchored by Target with high visibility and foot traffic.
      2341-2371 Sycamore Rd, DeKalb, IL
      View Details
    • Contact for pricing
      112,650 SF

      DeKalb Warehouse in Park 88

      Warehouse in Park 88, DeKalb, with trailer parking.
      711 E Fairview Dr, DeKalb, IL
      View Details
    • Contact for pricing
      4,255 SF

      Retail Space Near NIU

      Retail space available near Northern Illinois University.
      2420-2428 Sycamore Rd, DeKalb, IL
      View Details
    • Contact for pricing
      8,425 SF

      DeKalb Retail Space Available

      Retail space available near Northern Illinois University.
      2478-2550 Sycamore Rd, De Kalb, IL
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available near Northern Illinois University.
    Where is this retail space located?
    The property is located at 901 Lucinda Ave Dekalb, IL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Prime location right across from Northern Illinois University (NIU); Flexible space: **3,328 to 5,695 square feet available**; Competitive lease rates: $6.00 to $8.00 PSF NNN
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Carpenter
    Real Estate License ID: IL 471.009955
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    901 Lucinda Ave, DeKalb, IL 60115
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!