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Jorel Kilcullen

jorelkilcullen@gmail.com +1(815) 790-4276

$229,000

Est. payment - /mo

2,460 SqFt

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Key Details

Property Type Commercial

Sub Type Office/Tech

Listing Status Active

Purchase Type For Sale

Square Footage 2,460 sqft

Price per Sqft $93

MLS Listing ID 12437867

Year Built 1963

Annual Tax Amount $5,902

Tax Year 2024

Lot Dimensions 60x43

Property Sub-Type Office/Tech

Property Description

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!

Location

State IL

County Dekalb

Area De Kalb

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Office/Tech

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Listed by Charles Kirkwood of Coldwell Banker Real Estate Group

Nearby School & Business

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Jorel Kilcullen

+1(815) 790-4276

Broker | License ID: 478.026444

Broker License ID: 478.026444

129 E Locust ST Dekalb, IL 60115

Jorel Kilcullen

Key Details

Location

Interior

Building

Nearby School & Business

Get More Information

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