DeKalb, IL — Cleeman Realty Group is pleased to announce the successful sale of Dekalb Square Market Shopping Center, a 57,832-square-foot retail property located at 2350 Sycamore Road in DeKalb, Illinois. The transaction highlights the property’s significant upside potential and strategic location within a high-traffic commercial corridor.
Michael Cleeman of Cleeman Realty Group represented the Miami-based purchaser, while Dan Waszak of Quantum represented the seller in the transaction. The buyer was drawn to the property’s leasing opportunities, with over 20,000 square feet of vacant space available for future tenants, offering a substantial value-add investment opportunity.
Dekalb Square Market is anchored by Ollie’s Bargain Outlet and benefits from a prime location just 65 miles west of downtown Chicago. Situated directly in front of a Walmart Supercenter and adjacent to Lowe’s Home Improvement, the shopping center enjoys exceptional visibility and access. The site boasts daily traffic volumes exceeding 24,000 vehicles, ensuring a steady flow of potential customers.
“This transaction underscores the appeal of well-located retail properties with strong tenant anchors and significant leasing potential,” said Michael Cleeman. “The buyer recognized the value of the property’s location and the opportunity to enhance its performance through strategic leasing initiatives.”
Cleeman Realty Group continues to focus on delivering value-driven solutions for its clients through comprehensive market expertise and tailored transaction strategies.