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    OFF-MARKET
    Retail properties & Spaces

    228 4Th St, DeKalb, IL 60115

    Built 2022
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Year built 2022
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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