3131 Water St Decatur, IL 62526

This single-story, 5,500-square-foot medical office building in Decatur, Illinois, presents a compelling investment opportunity. Located at 3131 N Water St, this Class B property sits on a 1.17-acre lot with 75 parking spaces and boasts high visibility due to its location on US Business Route 51, experiencing nearly 25,000 vehicles daily. The building is zoned B-2 COMMERCIAL and features a modern layout ideal for a quick-service medical facility, including a waiting room, reception area, registration areas, two triage rooms, twelve exam rooms, nurses' area, x-ray room, two offices, and a break/conference room. Currently vacant, this owner-user opportunity offers a pro-forma NOI of $137,500 and a pro-forma cap rate of 7.86% at an asking price of $1,750,000. The property's previous use as an express care facility showcases its suitability for similar medical practices. Its prime location in Macon County, near Decatur Memorial Hospital and St. Mary's Hospital, offers convenient access to healthcare services and a thriving business community. The building has undergone recent updates. This is a value-add investment with significant potential for return. The property's high traffic location and modern layout make it an attractive option for medical professionals and investors seeking a strong presence in the Decatur market. The 12-foot ceiling height adds to the functionality of the space.