For Sale
$1,234,000
405-427 Ash Ave Decatur, IL 62526
High-Occupancy Multi-Tenant Office
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- Class A, 11,469 sq ft office building in Decatur, IL, offering a 9.50% cap rate.
- 100% occupancy with strong tenants including Great Lakes Psychology, Tharaldson Hospitality Management, and Lighthouse Autism Center.
- Single-story building (1997 construction), renovated in 2020 (new roof).
- 0.74-acre B2-zoned lot with NNN leases; high visibility on E Ash Ave near major retailers.
- $1,234,000 asking price ($107.59/sq ft); $132,263 NOI; one 1,029 sq ft suite available.
Property Details for 405-427 Ash Ave
- Property type
- Office properties
- Square Feet
- 11,469 SF
- Class
- A
- Year Built/Renovated
- 1997/2020
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 32,234 SF
Location Insight
- City
- Decatur
- County
- Macon
- State
- Illinois
- Latitude
- 39.8987129
- Longitude
- -88.9518269
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - High-Occupancy Multi-Tenant Office
- Where is the office property located?
- The property is located at 405-427 Ash Ave Decatur, IL.
- What is the asking price?
- The asking price for this property is $1,234,000.
- What are key features of this property?
- This property features: Class A, 11,469 sq ft office building in Decatur, IL, offering a 9.50% cap rate.; 100% occupancy with strong tenants including Great Lakes Psychology, Tharaldson Hospitality Management, and Lighthouse Autism Center.; Single-story building (1997 construction), renovated in 2020 (new roof).
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