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$229,000

  • For Sale
  • Active
  • Office
  • 2,460 Sq. Ft.
  • Updated 7 days ago
See This Home
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Own this awesome commercial building for less than renting! Don't miss this owner user or investment opportunity in the best location downtown Dekalb! The building is 50% occupied by an established office tenant with a new long term lease. There is approximately 1230 sf available for an owner to occupy or to put another tenant or two in place. The vacant space has historically been a dentist's office and there is still plumbing in place. The building is currently set up as two units but it can easily be set up as three to create more income potential. There is a full basement of which half has leasing potential. The other half of the basement is primarily storage and mechanicals. Utilities are separately metered for a two unit set up. 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!

Full Property Details for 129 E Locust St

General

  • Price: $229,000
  • Taxes: $5,436 (2024)
  • Status: Active
  • Type: Office
  • Source: MRED
  • MLS ID: 12437867
  • Updated: 1/14/2026
  • Added to Site: 170 day(s) ago

Interior

  • Interior Features: Private Restroom(s), Basement

Additional Information

  • Security/Safety: Alarm Monitored, Hydrants on Site, Partially Sprinklered

Location

  • Area: De Kalb
  • County: DeKalb
  • Driving Directions: Lincoln Highway (Route 38) downtown Dekalb to 3rd Street North to Locust West to address - NW corner of 2nd Street and Locust
  • Location Details: Far West

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Structural Information

  • Stories/Levels: 1
  • Square Feet: 2,460
  • Current Bldg. Use: Office
  • Year Built: 1963
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 3
  • Extra Storage Avail: Yes

Lot Features

  • Lot Size (Sq. Ft.): 2,700
  • Lot Dimensions: 60 x 43
  • Frontage: City Street
  • Potential Use: Commercial, Retail

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Security Deposit: Alarm Monitored, Hydrants On Site, Partially Sprinklered
  • Assessment Year: 1963
  • Tax Amount: $5,436
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 823155012

Listed by Coldwell Banker Real Estate Group

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Listing agent

— 129 E Locust St —

  • Coldwell Banker Real Estate Group

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 129 E Locust St

School District:Dekalb Community Unit School District 428
NameGradesDistance
Founders Elementary School
821 South 7th Street, DeKalb, IL 60115
K-50.7 mi
Clinton Rosette Middle School
650 North 1st Street, DeKalb, IL 60115
6-80.5 mi
De Kalb High School
501 West Dresser Road, DeKalb, IL 60115
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 129 E Locust St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/08/2026
Price Reduced
$229,000
-8.4%
MLS
8/04/2025
Listed
$250,000
104.08%
MLS
2/10/2014
Sold
$122,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 129 E Locust St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,436
-3%
$68,237
15%
2023
$5,600
-1%
$59,497
17%
2021
$5,638
-2%
$50,948
2%
2020
$5,765
2%
$50,136
4%
2019
$5,652
1%
$48,166
2%
2018
$5,618
-1%
$47,368
4%
2017
$5,671
1%
$45,533
3%
2016
$5,609
5%
$44,384
10%
2015
$5,360
—
$40,315
-1%
2014
$5,336
-30%
$40,833
-33%
2013
$7,581
2%
$60,908
-9%
2012
$7,422
—
$66,881
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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129 E Locust Street, Dekalb, IL 60115 (MLS# 12437867) is a Office property. 129 E Locust Street is currently listed for $229,000 and was received on August 04, 2025. Want to learn more about 129 E Locust Street? Do you have questions about finding other Office real estate for sale in Dekalb? You can browse all Dekalb real estate or contact a Coldwell Banker agent to request more information.

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