901 Lucinda Ave DeKalb, IL 60115
- Commercial real estate
- 1.30 lot acres
Current Use by Public Records
- Huskie Grocery Store, LLC / Grocery Store
- Panda House / Chinese Restaurant / Asian Restaurant
- Bright Field Church / Non-Denominational Church
- Graham Crackers Comics of DeKalb / Comic Book Store / Game Store
- Cast Iron Coffee / Coffee Shop
Property Details for 901 Lucinda Ave
- Lot size
- 1.30 lot acres
- Property type
- Commercial real estate
- APN
- 08-15-351-007
- APU
- 815351007
Description
This exceptional retail property, located at 901 Lucinda Avenue in DeKalb, Illinois, offers multiple spaces for lease, ranging from 960 square feet to 5,695 square feet. The property is ideally situated in DeKalb County, zip code 60115, directly across from Northern Illinois University (NIU), ensuring high visibility and foot traffic. Five individual spaces are currently available, providing flexibility for various retail businesses. Larger spaces range from 3,328 to 5,695 square feet. The property boasts ample parking for customers and employees. This vibrant retail center benefits from a strong tenant mix, including established businesses such as Domino's, Panda House, Sharks, Hot Spot Deli, Cast Iron Coffee, La Salsa Restaurant, and Graham Crackers, creating a synergistic and attractive environment for new businesses. Lease rates are competitive, ranging from $6.00 per square foot (NNN) to $8.00 per square foot (NNN). This prime location presents a unique opportunity for businesses seeking high visibility and a thriving customer base in a well-established retail center. The property is classified as a multi-tenant retail space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,915,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,965,000
- 6.5%
- $2,200,000
- 7%
- $1,995,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,055,000
- Geo Method
- $2,395,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,845,000
- Retail
- $1,995,000
- Mixed-Use
- $1,755,000
- Hospitality
- $2,170,000
- Educational
- $2,180,000
- Residential Income
- $1,900,000
- Energy
- $2,000,000
- Income-Based Land
- $2,255,000
- Food Service
- $1,815,000
Location Insight
- Map
- Local Demand
- City
- Dekalb
- County
- Dekalb
- State
- Illinois
- Longitude
- -88.7714
- Latitude
- 41.9366
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
