For Sale
$1,247,500

3090 Main St Decatur, IL 62526

10,160 SF Office Building, 8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional Decatur, Illinois investment opportunity presents a 10,160 square foot, single-story, Class B office building situated on a 0.88-acre lot (38,333 square feet). Built in 1994, the property features three tenants under triple net (NNN) leases, ensuring a consistent revenue stream and minimal landlord responsibilities. The building boasts a strong 8.00% capitalization rate and a net operating income (NOI) of $99,800, with an asking price of $1,247,500 ($122.79/sq ft). Located at 3090 N Main St, Decatur, IL 62526 (APN: 07-07-34-478-016), this property benefits from its prime location in a bustling area with convenient access to major highways and public transportation. The surrounding area offers numerous amenities, including shopping, dining, and essential services. The property is zoned MUN and presents a stable and lucrative investment opportunity in a thriving market with excellent growth potential. This well-maintained building offers a strong return for savvy investors seeking a reliable income stream. The property's strategic location and established tenancy make it an attractive investment prospect. The building's solid construction minimizes potential maintenance costs, preserving its value.

Highlights

  • $1,247,500 asking price for a 10,160 square foot office building.
  • 8.00% capitalization rate with a $99,800 Net Operating Income (NOI).
  • Three tenants on triple-net (NNN) leases.
  • Located at 3090 N Main St, Decatur, IL 62526, on a 0.88-acre lot.
  • Class B, single-story building constructed in 1994.

Property Details for 3090 Main St

Property type
Office properties
Square Feet
10,160 SF
Class
B
Year Built
1994
Buildings
1
Stories
1
Lot Size (sq. ft)
38,333 SF
Units
3

Location Insight

City
Decatur
County
Macon
State
Illinois
Latitude
39.878251670174
Longitude
-88.956780127149

FAQs

What type of property is this?
Office property - 10,160 SF Office Building, 8% Cap Rate
Where is the office property located?
The property is located at 3090 Main St Decatur, IL.
What is the asking price?
The asking price for this property is $1,247,500.
What are key features of this property?
This property features: $1,247,500 asking price for a 10,160 square foot office building.; 8.00% capitalization rate with a $99,800 Net Operating Income (NOI).; Three tenants on triple-net (NNN) leases.
How can I contact the broker?
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3090 Main St
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