Property profile

128 3rd St Dekalb, IL 60115

OFF-MARKET
Commercial real estate
Property ID
US28-2088403
0.03 ac lot
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 1,200 square foot single-tenant office space is ideally located in downtown DeKalb, Illinois, at 128 N 3rd St, 60115. The property is part of a larger 2,400 square foot building and offers a spacious reception area, two private offices, an open area perfect for a conference room or workstations, a kitchenette, and a full bathroom with a shower. A recently installed HVAC system ensures year-round comfort. Its central downtown location provides convenient access to local restaurants and shops, benefiting from high foot traffic. DeKalb's thriving business environment, bolstered by the presence of Northern Illinois University and major corporations like Meta, Ferrara Pan, Target, 3M, and Nestle, presents a significant opportunity. Further growth is anticipated with the upcoming construction of a 775,000 square foot Kraft Heinz distribution center and a 700,000 square foot Amazon distribution center. This property offers a unique chance to establish your business in a dynamic and expanding community. The property is located in DeKalb County.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.03 ac (1,470 SF)
APN 08-23-160-004
UPID US28-2088403

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Accounting Firm Tax Preparation

Location

128 3rd St Dekalb, IL 60115-3302
Dekalb metro Census 1300 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
1969
Price N/A

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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