228 4Th St, DeKalb, IL 60115
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.