Industrial Investment in DeKalb
2205 Pleasant Street, Dekalb, Illinois 60115
Sold: $1,450,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
40,900 sqft
Land Size
3.28 acres
Sewer
city
Water
city
Zoning
H1
Electric
400 amp 3 phase
Year Built
1998
Parking
42
Property Description
TWO BUILDINGS - ONE OWNER
Two, one owner pre-engineered steel 98.5% leased industrial buildings with 1 vacant manager’s office that could be leased. Buildings are adjacent with 2 PINs and share a rear parking area on 3.28 acres. 5 tenants, most have been there a long time. 7.7% CAP rate includes deductions for vacancy, management and reserves. Upside potential as some rents are below market. July 2020 appraisal on file for $1,600,000. Contact broker for rent roll and operating statement. Second building address is 633 Enterprise Ave. Both must be sold as a package