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Listed by Maria Pena-Grahamof Coldwell Banker Real Estate Group
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Est. payment /mo
2,460 SqFt
Price Dropped by $4K
217 S 3rd Street Dekalb, IL 60115
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,460 sqft
MLS Listing ID 12621092
Year Built 1944
Annual Tax Amount $6,823
Tax Year 2024
Lot Dimensions 50x165.57
Property Sub-Type Mixed Use
Property Description
Located in the heart of DeKalb's Central Business District, this spacious mixed-use building offers exceptional flexibility. The main level is currently set up as a professional office, formerly a dental practice, and is ideal for a new business or for conversion into a comfortable first-floor apartment for owner-occupancy. Three additional apartments are already in place: a main-level one-bedroom, plus an efficiency and another one-bedroom on the second floor. This setup provides an excellent opportunity for an owner-occupant to live on the main level while rental income from the existing tenants helps offset monthly mortgage payments. A walk-up attic and full basement with laundry hookups offer generous storage options. Outside, you'll find ample parking, a one-car attached garage, and heated exterior steps and ramp for easy winter access. With leases secured through June 2026 and a roof installed in 2013, this property is ready for its next chapter. Photos of the apartment are vacant photos of the first-floor apartment. It is now occupied. Current rents are well below market value. Whether you're looking to create your own residence while generating income, expand your investment portfolio, or have your own business and collect rent to help with your new venture, this location, close to downtown DeKalb, NIU, schools, shopping, and interstate access, offers outstanding potential.
Location
State IL
County Dekalb
Zoning COMMR
Interior
Cooling Central Air, Window Unit(s)
Flooring Wood
Fireplace Y
Exterior
Utilities Available Electric to Site, Natural Gas Available
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Storm Sewer
Water Community Water, Municipal Water
Structure Type Wood,Stucco
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