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$350,000
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Property Description
PRIME OPPORTUNITY IN THE HEART OF DOWNTOWN DEKALB! THIS PROPERTY HAS THE ABILITY TO GENERATE SUBSTANTIAL INCOME. Unlock the potential of this versatile, all-brick commercial building in an unbeatable downtown DeKalb location! With 3,400 total sq. ft. (2,550 finished office space + 850 sq. ft. of unfinished potential), this property offers a rare combination of flexibility, visibility, and value. The building currently hosts long-term tenants in half of the space, generating income, while the remaining space is ready for your business or additional rental opportunities. With multiple entrances, the layout allows for 2, 3, or even 4 units, giving you control to configure or expand as your needs evolve. Each finished unit has its own bathroom. The freshly sealed and striped private parking lot offers 18 spaces-a major asset in this central location-while the .25 acre lot provides room to grow or reimagine. New furnace - north side (2024). Owner-built and meticulously maintained, this solid investment stands as a testament to quality and pride of ownership. Whether you're an investor, entrepreneur, or both - this is your chance to establish a presence in one of DeKalb's most desirable commercial corridors. OPPORTUNITIES LIKE THIS DON'T COME OFTEN. Schedule your tour today!
Full Property Details
Full Property Details for 224 N 2nd St
General
- Sold For: $350,000
- Taxes: $9,512 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12398845
- Added to Site: 230 day(s) ago
Interior
- Flooring: Carpet
Additional Information
- Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: De Kalb
- County: DeKalb
- Driving Directions: North 1st Street, E on E. Locust Street, N on 2nd Street to property on right.
- Location Details: Far West, Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Wood, Brick
- Exterior Const.: Wood, Brick
- Foundation: Concrete Perimeter
- Roof: Composition
- Sub-Flooring: Carpet
- Stories/Levels: 1
- Square Feet: 3,400
- Year Built: 2000
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Lot Dimensions: 66 x 156.37
- Frontage: City Street
- Potential Use: Commercial, Office
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $280
- Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 2000
- Tax Amount: $9,512.78
- Tax Year: 2024
Disclosures and Reports
- Property ID: 823156003
Listed by Coldwell Banker Real Estate Group
Sold by Compass
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Schools
Schools serving 224 N 2nd St
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 | 0.5 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 224 N 2nd St
Date
Details
Price
Change
Source
9/12/2025
Sold
$350,000
—
MLS
7/15/2025
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
224 N 2nd Street, Dekalb, IL 60115 (MLS# 12398845) is a Commercial property that was sold at $350,000 on September 12, 2025. Want to learn more about 224 N 2nd Street? 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.

