129 E Locust Street, DeKalb, IL

$229,000

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About 129 E Locust Street

Don't miss this fully leased investment opportunity in the heart of downtown Dekalb! This one is approximately an 8.5% cap rate at the list price. The building is 100% occupied by an established office tenant and a salon. Both tenants have plenty of lease term remaining and one of the units is currently under renovation. The building is set up as two units but it could be set up as three (three entrances and 3 bathrooms) if this should become desirable in the future. There are dedicated furnaces, air conditioners and water heaters for both units. There is a full basement. One half is finished out with a concrete floor and it has a bathroom. The other half is suitable for storage. Recent improvements include one new furnace and a new drain tile along with a battery backup for the sump pump in the full basement. The tenants pay gas and electric utilities which are separately metered. Only one short block to downtown restaurants, shops and City Hall. Don't miss out. This is the chance that you have been waiting for!

Features of 129 E Locust Street

MLS® # 12437867
Price $229,000
Bathrooms 0.00
Year Built 1963
Type Commercial Sale
Sub-Type Office/Tech
Status Contingent

Community Information

Address 129 E Locust Street
Area De Kalb
City DeKalb
County DeKalb
State IL
Zip Code 60115

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Additional Information

Days on Market 395
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Real Estate Group

Listing Map

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