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$410,000
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Property Description
Introducing a prime commercial property with endless potential! Located on a spacious lot (66 x 259), this property is zoned "GC" for General Commercial, providing you with a wide range of possibilities. The site comes fully equipped and improved, boasting a two-story masonry building constructed on a solid concrete slab. With a building size approx 9,010 +/- square feet), there is ample room to bring your vision to life.The first floor of the building is currently designed for office use, featuring 4-5 office areas, two half baths, a mechanical room, a center hallway that spans from the front to the back of the building, and a convenient stairway providing access to the second floor. The second floor offers a total of eight studio apartments, along with a storage/laundry room and a storage closet. This property boasts additional highlights, including a 21 +/- car parking lot situated in front of the building, ensuring ample parking space for customers or clients. At the rear of the building, a concrete patio awaits, providing a pleasant outdoor area enhanced by a privacy fence. With its strategic location, versatile zoning, and well-maintained structure, this property offers an excellent opportunity for various business ventures. Whether you envision a thriving office space, a mixed-use development, or a combination of both, this property can accommodate your needs. Don't miss out on the chance to make this property your own and unlock its full potential. Seize this rare opportunity and turn your dreams into reality. Contact us today to arrange a viewing and explore the endless possibilities that await you at this exceptional commercial property!
Full Property Details
Full Property Details for 151 W Lincoln Hwy
General
- Sold For: $410,000
- Taxes: $11,692 (2022)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 11825722
- Added to Site: 961 day(s) ago
Interior
- Interior Features: Multi-Tenant, Private Restroom(s), Public Restroom(s)
Additional Information
- Security/Safety: Fire Extinguisher(s), Carbon Monoxide Detector(s)
Parking
- Total Spaces: 21
- Parking Features: 19 to 30 Spaces
Location
- Area: De Kalb
- County: De Kalb
- Driving Directions: Exit Peace Rd North to Lincoln Highway Route 38 to 151 W Lincoln (property on the north side)
- Location Details: Far West, Central Business District, Mixed-Use Area, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Electric, Heat Pump
Utilities
- Onsite: Electricity to Site, Gas to Site, Municipal Water
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Square Feet: 9,010
- Current Bldg. Use: Commercial
- # of Stores: 2
- Year Built: 1965
- Built Before 1978: Yes
Unit Information
- # Tenants: 11
- Units w/Refrigerators: 8
- Units w/Range/Oven: 8
Lot Features
- Lot Size (Sq. Ft.): 17,094
- Lot Dimensions: 66 x 259
- Frontage: City Street, State Road
- Zoning: COMMR
Financial Considerations
- Operating Expenses: $46,888
- Security Deposit: Fire Extinguisher/s, Carbon Monoxide Detector(s)
- Assessment Year: 1965
- Tax Amount: $11,692
- Tax Year: 2022
- Tenant Pays: Electricity, Varies by Tenant
Disclosures and Reports
- Property ID: 822278027
Listed and Sold by American Realty Illinois LLC
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Schools
Schools serving 151 W Lincoln Hwy
School District:Dekalb Community Unit School District 428
| Name | Grades | Distance |
|---|---|---|
Founders Elementary School 821 South 7th Street, DeKalb, IL 60115 | K-5 | 0.8 mi |
Clinton Rosette Middle School 650 North 1st Street, DeKalb, IL 60115 | 6-8 | 0.6 mi |
De Kalb High School 501 West Dresser Road, DeKalb, IL 60115 | 9-12 | 1.6 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 151 W Lincoln Hwy
Date
Details
Price
Change
Source
8/29/2023
Sold
$410,000
-1.2%
MLS
7/07/2023
Listed
$415,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
151 W Lincoln Highway, Dekalb, IL 60115 (MLS# 11825722) is a Commercial property that was sold at $410,000 on August 29, 2023. Want to learn more about 151 W Lincoln Highway? Do you have questions about finding other Commercial real estate for sale in Dekalb? You can browse all Dekalb real estate or contact a Coldwell Banker agent to request more information.

