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    228 4Th St DeKalb, IL 60115

    For Lease
    $16 SF/Yr

    Class A retail/office suites, 1820-5655 sq ft.

    Lot size:
    7,735 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional opportunity presents four available commercial spaces within a brand-new Class A mixed-use building in downtown DeKalb, Illinois. Located at 228 N 4th St (cross street: Locust St), this four-story, 2022-constructed building offers high visibility and significant traffic counts due to its prime location on Route 23. Suites range from a minimum of 1,820 square feet to a maximum of 5,655 contiguous square feet, with the potential to combine units for larger requirements. Ideal for a variety of businesses, including dining establishments, professional services, retail shops, and office spaces. The building boasts a desirable location near Northern Illinois University, the Facebook Data Center, and Park 88, benefiting from the area's robust economic growth. Downtown DeKalb is experiencing a surge in development, with over $50 million invested in new construction and over $1 billion in city-wide economic development initiatives. Attractive tenant improvement allowances and additional landlord incentives are available to qualified tenants. This property is part of a larger mixed-use development including 92 residential units. Contact us today to learn more about leasing options and pricing, which varies based on unit size.

    Property Features for 228 4Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,735 SF
    Class
    A

    Building Details

    Year Built
    2022
    Stories
    4

    Unit(s) available at that property

    Space
    228 N 4th St
    Size
    2,015 SF
    Rate per SF
    $16
    Space
    224 N 4th St
    Size
    1,820 SF
    Rate per SF
    $16
    Space
    220 N 4th St
    Size
    1,820 SF
    Rate per SF
    $16
    Space
    212 N 4th St
    Size
    2,080 SF
    Rate per SF
    $16

    HighLights

    • 92 residential units upstairs.
    • Ample off‑street parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    DeKalb
    County
    Dekalb
    State
    Illinois
    Longitude
    -88.74911747754
    Latitude
    41.931099369191

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    FAQs

    What type of property is this?
    Office Property / Space - Class A retail/office suites, 1820-5655 sq ft.
    Where is this office property / space located?
    The property is located at 228 4Th St DeKalb, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 92 residential units upstairs.; Ample off-street parking.;
    Request Owner's contact information
    228 4Th St DeKalb, IL 60115
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    Realmo Value Estimation

    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.

    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.

    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
    228 4Th St DeKalb, IL 60115
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