Listing provided courtesy of Coldwell Banker Real Estate GroupMREDas Distributed by MLSGrid- MLS# 12437867
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Request Info129 E Locust StreetDeKalb, IL 60115
Commercial · 2,460 Sq. ft.$229,000
Active
129 E Locust Street Overview
- Time on Site:
- 329 days
- Visits:
- 2
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!
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129 E Locust Street Facts & Features
- Type Commercial
- Sq. ft. 2,460
- Price/Sq.ft. $93
Details
General
Income/Expenses
- Gross Income: 0
- Gross Scheduled Income: 0
- Net Operating Income: 0
- Operating Expense: 0
Building Information
- Year Built: 1963
Business Information
- Current Use: Office
Location/Region
- County Or Parish: DeKalb
- MLS Area Major: De Kalb
Tax Information
- Tax Annual Amount: $5,902.72
- Tax Year: 2024
General Information
- Parcel Number: 0823155012
- Possible Use: Commercial,Retail
- Property Sub Type: Office
- Property Type: Commercial Sale
Interior
Building Interior
- Building Area Total: 2460
General Information
- Cooling: Central Air
- Electric: Service - 101 to 200 Amps
- Leasable Area: 0
- Stories: 1
Unit Information
- Unit SqFt.: 2760
Exterior
Lot Information
- Additional Parcels: No
- Frontage Type: City Street
- Lot Size Dimensions: 60x43
- Lot Size Square Feet: 2700
General Information
- Number Of Units Total: 3
129 E Locust Street Neighborhood
Community
60115 (DEKALB) Demographics
26
Median Age
557
Population Density (per sq. mile)
48%
College Educated
$45,480
Estimated Median Income
6,923
Estimated Total Home Owners
9,882
Estimated Total Renters
41% / 59%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.129 E Locust Street Monthly Cost
129 E Locust Street Market Data
Based on the last 30 days in this zip code
$340,348
Average List Price
$178
Average Price per Square Foot
36
Properties Sold
39
Average Days on Market
69
Properties for Sale
129 E Locust Street History
| Date | Value | Agent |
|---|---|---|
| 1/13/2026Source: MRED | Active |
|
| 1/8/2026Source: MRED | $229,000 -8.4% |
|
| 1/8/2026Source: MRED | Price Change |
|
| 8/9/2025Source: MRED | Active |
|
| 8/4/2025Source: MRED | August 04, 2025 |