2569 Sycamore Rd Dekalb, IL 60115-2051

Property Details for 2569 Sycamore Rd

Lot size

1.44 lot acres

Property type

Commercial real estate

APN

08-12-401-015

APU

812401015

Description

This exceptional investment opportunity presents the Oakland Place Shopping Center, a fully leased retail property located in DeKalb, Illinois. The center comprises three separate buildings totaling 39,385 square feet, offering a diverse tenant mix. Strategically situated on Sycamore Road (Route 23), the property boasts over 500 feet of frontage at a signalized intersection, ensuring high visibility and traffic counts. The center benefits from its location in DeKalb's primary retail corridor, directly across from a Hy-Vee grocery store and in close proximity to other major retailers including Menards, Lowe's, Target, Panera Bread, Starbucks, T.J. Maxx, and Walmart. The property's strong performance is reflected in its impressive Net Operating Income (NOI) of $519,418 and a 6.88% capitalization rate. The asking price is $7,546,163, translating to a price per square foot of $191.60. The center consists of 13 units, providing a diversified income stream. This is a rare opportunity to acquire a well-positioned, high-performing retail center in a thriving market. The property's shadow-anchored position near a Target store further enhances its desirability and potential for long-term growth. The property is located at 2569 Sycamore Rd, DeKalb, IL 60115.