2428-2430 Sycamore Rd - Freestanding FOR SALE


Dekalb, IL 60115
$150,000 USD
301-706-4619
2428-2430 Sycamore Rd, Dekalb, IL for Sale
$150,000 USD
Freestanding - FOR SALE
1/14
null | Request Cap Rate

2428-2430 Sycamore Rd
Dekalb, IL 60115


HIGHLIGHTS

  • STARTING BID $150,000 | Aldi, T.J. Maxx, Walmart Outparcel | 9,324 SF Strip Center | Signalized Hard Corner | AUCTION MARCH 23-25
  • Multi-Tenant Retail Building with Medical Tenant in Shopping Center including Aldi, HomeGoods, TJMaxx, Burlington, Planet Fitness, Ross, and PetSmart
  • Signalized Hard Corner and Just Off the Intersection of Sycamore Road with 23,633 VPD
  • Nearby National Retailers: Target, Lowe’s, Walmart, Hy-Vee Supermarket, Ollie’s, Starbucks, Raising Cane’s, Harbor Freight, Old Navy, Famous Footwear
  • Proximity to Major Regional Demand Drivers: Minutes from DeKalb Taylor Airport, Northern Illinois University, Northwestern Medicine Kishwaukee Hospita

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding, multi-tenant retail building located within the Northland Plaza Shopping Center at 2428 Sycamore Road, Dekalb, Illinois (the “Property”). Currently 17% occupied (one tenant - Heartland Blood Centers), this is an exceptional opportunity for investors to acquire a highly visible, strategically positioned asset in one of Greater Chicago’s most desirable retail corridors. The Property is comprised of a 9,324 SF single-story building, situated on a 1.012-acre parcel. The building offers three retail spaces, with Heartland Blood Centers occupying 1,569 SF (16.83% of GLA) and the balance currently vacant. Heartland Blood Centers has occupied the space since 2005 and recently extended their lease through February 29, 2028. The Property sits in a proven retail corridor with strong customer traffic and established co-tenancy synergies. The Property is zoned “PD-C” Planned Development - Commercial, allowing a broad mix of retail, service, and commercial uses, offering flexibility for both investors and potential owner-users. DeKalb is a Northern Illinois retail submarket in the greater Chicago MSA anchored by the year-round demand of Northern Illinois University (NIU). NIU’s enrollment has been trending upward, helping support steady spend across quick-service, convenience, and daily-needs categories. Retail activity is concentrated along established commercial corridors like Sycamore Road (IL-23) with national big-box anchors that reinforce the area’s role as a primary shopping node for DeKalb and surrounding communities. The Property is located in an area that serves 66,690 individuals with an average household income (AHHI) of $76,896 within a 5-mile radius supporting continued demand for medical, office, and retail services.

FOR SALE DETAILS

PRICE

$150,000 USD

PRICE/SF

$16 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - Walmart Outparcel | 9,324 SF Strip

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

08-12-451-026

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

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Adam SklaverMarcus & MillichapMore Info
301-706-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.