For Sale
$2,139,000

901 Lucinda Ave DeKalb, IL 60115

DeKalb Retail Center - High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional two-story shopping center, located at 901 Lucinda Avenue in DeKalb, Illinois, presents a lucrative investment opportunity. Boasting a substantial 53,883 square feet of retail space, this 17-unit property is priced at $2,139,000, translating to a competitive $39.70 per square foot. Built in 1969, the center enjoys a prime location directly across from Northern Illinois University (NIU), ensuring consistent high foot traffic and visibility. The property features a diverse tenant mix, including established businesses such as Domino's, Panda House, Sharks, Cast Iron Coffee, a barber shop, and Graham Crackers, providing a stable income stream. Individual spaces within the center range from 960 to 5,695 square feet, offering flexibility for potential buyers or leaseholders. Ample parking is available for customers and tenants, enhancing the overall shopping experience. This well-established shopping center in DeKalb County, zip code 60115, represents a strong investment in a vibrant and growing community, benefiting from the proximity to a major university. The property's size, location, and existing tenant base make it an attractive proposition for investors seeking a stable and potentially high-growth retail investment.

Highlights

  • Exceptional two-story, 53,883 SF shopping center in DeKalb, IL.
  • 17-unit property priced at $2,139,000 ($39.70/SF).
  • Prime location across from Northern Illinois University, ensuring high foot traffic.
  • Diverse tenant mix including Domino's, Panda House, and others, providing stable income.
  • Unit sizes range from 960 to 5,695 SF, offering flexibility.
  • Ample parking available.

Property Details for 901 Lucinda Ave

Property type
Lifestyle centers, Power centers
Square Feet
53,883 SF
Year Built
1969
Stories
2
Units
17

Location Insight

City
DeKalb
County
DeKalb
State
Illinois
Latitude
41.9366815
Longitude
-88.7719228

FAQs

What type of property is this?
Lifestyle center - DeKalb Retail Center - High Traffic Area
Where is the lifestyle center located?
The property is located at 901 Lucinda Ave DeKalb, IL.
What is the asking price?
The asking price for this property is $2,139,000.
What are key features of this property?
This property features: Exceptional two-story, 53,883 SF shopping center in DeKalb, IL.; 17-unit property priced at $2,139,000 ($39.70/SF).; Prime location across from Northern Illinois University, ensuring high foot traffic.
How can I contact the broker?
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901 Lucinda Ave
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