1015 Lincoln Hwy DeKalb, IL 60115
- Commercial real estate
- 1.64 lot acres
Current Use by Public Records
- Starbucks / Espresso Bar / Coffee Shop
- ATM / Atm
- Baba’s Famous Steak and Lemonade / Fast Food Restaurant
Property Details for 1015 Lincoln Hwy
- Lot size
- 1.64 lot acres
- Property type
- Commercial real estate
- APN
- 08-22-151-045
- APU
- 822151045
Description
This exceptional retail property, located at 1015 W Lincoln Hwy (Route 38) in DeKalb, IL 60115, offers 9,797 square feet of space in a single-story building. Three units are currently available, ranging from 1,050 to 2,977 contiguous square feet, with a maximum of 2,977 square feet available. The property boasts a total of five suites and features ample parking with 120 spaces. Benefit from a prime location near Annie Glidden Rd., enjoying high visibility with a 12-foot monument sign on Lincoln Highway. This high-traffic area sees over 25,000 vehicles per day. The property is strategically positioned near Northern Illinois University, with a 35,000+ daytime student population within a one-mile radius and a total population of 54,000+ within five miles. Enjoy proximity to established businesses such as Starbucks (the only drive-thru in DeKalb and Sycamore), Chipotle, and Potbelly. Furthermore, the property is a short three-minute walk from three student housing complexes accommodating over 900 students. This presents a unique opportunity to tap into a robust and densely populated market. The property is ideal for a variety of retail uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $340,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $440,000
- Geo Method
- $375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $370,000
- Retail
- $330,000
- Mixed-Use
- $415,000
- Hospitality
- $320,000
- Educational
- $395,000
- Residential Income
- $380,000
- Energy
- $365,000
- Income-Based Land
- $340,000
- Food Service
- $345,000
Location Insight
- Map
- Local Demand
- City
- Dekalb
- County
- Dekalb
- State
- Illinois
- Longitude
- -88.772
- Latitude
- 41.9317
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA