Property profile

228 4Th St DeKalb, IL 60115

OFF-MARKET
Retail properties & Spaces
Built 2022
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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

Location

228 4Th St DeKalb, IL 60115
DeKalb metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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