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Listing provided courtesy of Coldwell Banker Real Estate GroupMREDas Distributed by MLSGrid- MLS# 12437867MLS Provider

129 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
Community data courtesy of LiveBy, Inc.

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

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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
Calculations provided by Reliance Network

129 E Locust Street History

Date Event Value Agent
1/13/2026Source: MRED Status Change
Active
1/8/2026Source: MRED Price Reduction
$229,000 -8.4%
1/8/2026Source: MRED Status Change
Price Change
8/9/2025Source: MRED Status Change
Active
8/4/2025Source: MRED Added to Database
August 04, 2025