303 E Hillcrest Drive, DeKalb IL 60115

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Executive Summary

CRER is proud to present 303 E Hillcrest Drive, DeKalb IL 60115. Retail and office building. Excellent location and visibility.

Located on Hillcrest Drive (20,000 VPD) connecting to NIU Housing and the Local DeKalb community, this is the first time the property is being offered for sale in 40 years.

All leases are Gross
Low Expenses/Taxes
Ownership put in $234,000 in capital improvements to the property in 2021. New roof, part of the parking lot, electrical
Average Rent Per SF = $11.86

Property Location

DeKalb » 60115 » 303 E Hillcrest Drive

Property Details

Status

Closed

Listing Type

For Sale

Property Type

Office

Size

8,900 Sq. Ft.

Price

$620,674

NOI

$58,694

Cap Rate

9.5

Broker Contact

Luke Kingsbury

Mobile: (815) 600-6083

Office: 773-327-9300

Email: Luke.Kingsbury@crer.com

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Our commitment is to safeguard your property's value and maximize its income potential. From our Lease Management to Advanced Tenant Screening, we ensure every detail is managed with precision.

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CRER Client

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"As a property owner who has worked with CRER, I've found their approach to multi-family property management both professional and effective, particularly in their responsiveness to maintenance issues and their skill in balancing the needs of owners and tenants."