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DeKalb, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in DeKalb, Illinois Market population: 44K. Compare commercial properties across all major asset classes with...

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⭐ Featured

Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For DeKalb IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For DeKalb IL Properties: 2.9900%

πŸ“Š Average Income For DeKalb IL Commercial Property: $37,719

Investor Questions For DeKalb IL

Common questions from investors exploring commercial real estate in DeKalb IL.

What is the overall investment potential of DeKalb, IL, considering its demographic and economic factors? +
DeKalb's median household income of $37,719, combined with a poverty rate of 28.9% and a high health insurance coverage of 92.1%, suggests a market with working-class stability, albeit with some challenges. The city's diverse top industries, including Agriculture and Finance, and its relatively low average commute time of 20.8 minutes, indicate a solid foundation for investment. Additionally, the top ethnicities, such as White and Hispanic, contribute to a diverse rental market.
How does the city's commute time and transportation infrastructure impact rental demand? +
The average commute time of 20.8 minutes in DeKalb, with top commute methods being driving alone, carpooling, and walking, indicates a relatively convenient and accessible location for renters. This, combined with the city's employment population of 21,630 and top industries like Public Administration, suggests a stable demand for rentals, particularly from young professionals and families who value easy commutes and a diverse community with a foreign born rate of 6.4%.
What are the implications of DeKalb's poverty rate and health insurance coverage for real estate investors? +
The 28.9% poverty rate in DeKalb, although concerning, is somewhat mitigated by the high health insurance coverage of 92.1%, which suggests that many residents have access to employment benefits or other forms of support. This combination, along with the median property value of $165,500 and median property taxes of $6,595, indicates a potential for affordable housing investments that could attract tenants with stable employment in the city's top industries, such as Finance and Real Estate.
How does the ethnic diversity and industry mix in DeKalb impact the local real estate market? +
The diverse ethnic makeup of DeKalb, with significant White, White Non-Hispanic, and Hispanic populations, contributes to a vibrant and inclusive community that can attract a wide range of renters. The city's industry mix, including Agriculture, Public Administration, and Finance, provides a broad base of employment opportunities, which can help support rental demand and reduce vacancy rates, especially considering the city's relatively low homeownership rate of 41.0% and high employment population of 21,630.
What role do quality of life factors, such as commute time and health insurance coverage, play in assessing market stability for real estate investments in DeKalb? +
Quality of life factors like the average commute time of 20.8 minutes and high health insurance coverage of 92.1% in DeKalb are crucial for assessing market stability, as they directly impact residents' overall well-being and financial stability. These factors, combined with the city's GINI coefficient of 0.489, which indicates a moderate level of income inequality, suggest a relatively stable market with opportunities for real estate investments that cater to the needs of a diverse and working-class population, with a median age of 23.8 and a high school graduation rate of 92.2%.

DeKalb IL Real Estate & City Facts

Key facts and real estate information about DeKalb IL.

What are some of the best neighborhoods to live in DeKalb? +
Some of the best neighborhoods to live in DeKalb include Sycamore Rd / Peace Rd, which is a peaceful and family-friendly area with quiet atmosphere and dog-friendly parks. Other desirable areas tend to be in the central parts of the city, while more affordable homes are in the west regions. Neighborhoods like Sycamore and Somonauk are also highly rated.
What are some fun things to do in DeKalb? +
There are plenty of fun things to do in DeKalb, such as visiting the Ellwood House Museum, Whiskey Acres Distilling Co., Mr. Willy's Dark Art And Oddities, Egyptian Theatre, and Star Worlds Arcade. You can also enjoy outdoor activities like hiking, biking, camping, golfing, fishing, canoeing, or sledding. Additionally, the city hosts events like the Dekalb Corn Fest and wine tours.
What is the food scene like in DeKalb? +
The food scene in DeKalb is diverse and offers a range of options. You can find fine dining restaurants like The Grove and The Flame, as well as casual eateries like Fatty's Pub and Grill, Ellwood Steak and Fish House, and Egg Haven Pancakes & Cafe. There are also plenty of great food trucks and places to grab takeout or delivery. Some popular restaurants include El Jimador Mexican Grill, Pizza Villa, and Sorrentos.
What are the pros and cons of living in DeKalb? +
The pros of living in DeKalb include its peaceful and family-friendly neighborhoods, outdoor recreational opportunities, and a range of dining and entertainment options. However, some cons include the city's relatively high poverty rate and income inequality. Additionally, some areas of the city may be closer to the college and have a more lively atmosphere, which may not be suitable for everyone. Overall, DeKalb offers a unique blend of small-town charm and urban amenities.
Is DeKalb a good place to live? +
DeKalb can be a good place to live, depending on your individual preferences and priorities. The city offers a range of amenities, including outdoor recreation, cultural events, and a diverse food scene. However, it's essential to consider factors like the local economy, education system, and community dynamics when deciding whether DeKalb is the right fit for you. With its unique blend of small-town charm and urban amenities, DeKalb can be an excellent choice for those looking for a relaxed and welcoming community.
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