128 E Lincoln HWY Dekalb, IL 60115

Incredible opportunity to purchase this well maintained all brick mixed use building. The 3000 sf first floor retail/office unit is available for lease at only $8.80 psf modified gross or 2200/mo plus electric. Located in the heart of downtown Dekalb this is an incredible opportunity for an owner user. The apartment rents alone create enough positive cash flow to support a financed purchase! There are 7 residential apartments upstairs including 6 studio apartments and one 2 bedroom apartment. The first floor is comprised of over 3000 sf of retail space that could be split into two units that are approximately 1500 sf each. Currently used as a bridal store you can't beat the exposure that the huge display windows provide on Lincoln Highway. There are 2 ADA bathrooms and 3 changing rooms on the first floor. Apartments are on boiler heat and electricity is separately metered. Gas forced air units heat the first floor (one unit for the front and one for the back). There is also separate electric heat for the display windows. Other equipment includes boiler, 2 a/c units and 2 water heaters. New fire escape on back of the building. This is a well maintained investment featuring updated windows, plumbing and electrical. Over an 11 cap proforma at the list price! Call for a confidential rent roll.