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129 E Locust Street
DeKalb IL 60115 US

$229,000

Active Listing ID 12437867
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Lot: 0.06 Acres
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Office

$229,000

Active Listing ID 12437867
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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!

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Property Features

  • Facts
  • Lot Size: 0.06 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Office
  • Features
  • Cooling System: Central Air

Property

  • propertytype: Commercial Sale
  • propertysubtype: Office
  • listprice: 229000
  • unparsedaddress: 129 E Locust Street
  • postalcity: DeKalb
  • stateorprovince: IL
  • country: US
  • postalcode: 60115
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.062
  • lotsizeunits: Acres
  • lotsizearea: 0.062
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Charles Kirkwood
  • listagentemail: chas.kirkwood@gmail.com
  • listagentkey: 3yd-MREDIL-8131
  • listagentmlsid: 8131
  • listagentpreferredphone: (815) 553-2411
  • listagentofficephone: 6307155714
  • listofficekey: 3yd-MREDIL-771
  • listofficemlsid: 771
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1963
  • listingcontractdate: 2025-08-04
  • listagenturl: http://www.cbhonig-bell.com
  • countyorparish: DeKalb
  • parcelnumber: 0823155012
  • cooling: Central Air
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Coldwell Banker Real Estate
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell)", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"135057.lead@leads.leadrouter.com", "ListBrokerageCity":"Joliet", "ListBrokerageCountry":"US", "ListBrokerageEmail":"leads@cbhonig-bell.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MREDIL/31d4bc5115ba11dfa45900219b994c72/20170504194148851.png", "ListBrokerageName":"Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell)", "ListBrokeragePhone":"(815) 553-2411", "ListBrokeragePostalCode":"60431", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"320 Water Stone Way", "ListBrokerageWebsiteUrl":"http://www.cbhonig-bell.com", "ListOfficeAddress1":"230 E State St. ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"771", "ListOfficeCity":"Geneva", "ListOfficeCountry":"US", "ListOfficeEmail":"dmcquade@coldwellhomes.com", "ListOfficePostalCode":"60134", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - DeKalb, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12437867/?channel=rexren", "MLSModificationTimestamp":"2026-07-27 18:44:02", "Neighborhoods":[{"Description":null, "Name":"De Kalb"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5903, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 8/4/2026 8:04:50 PM GMT
Source Updated Date: 8/12/2026 12:56:16 AM GMT

Courtesy of: Charles Kirkwood, Coldwell Banker Real Estate Group, chas.kirkwood@gmail.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.