2215 Oakland Ave Decatur, IL 62526

This exceptional 1.5-acre commercial property at 2215 N Oakland Ave, Decatur, IL (62526), presents a significant redevelopment opportunity. The site boasts two buildings totaling 4,200 net rentable square feet, including a 3,000 square foot former gas station and a 1,500 square foot tunnel car wash, built in 1990 and renovated in 2015. Currently vacant, this property offers high visibility on a major commercial corridor with excellent road frontage, ensuring maximum exposure to the estimated 20,000 vehicles passing daily. Ample on-site parking caters to customer and staff convenience. The adaptable interior layout allows for customization to suit various commercial needs. The property is zoned B-2 and sits on a 1.5-acre lot. This prime location offers strong market potential, situated near thriving businesses and key amenities, including restaurants, shopping centers, and residential areas. The asking price is $349,000, with a pro-forma NOI of $70,000 and a pro-forma cap rate of 20.06%. The property is ground leased and is being sold by the owner. Parcel numbers are 04-12-04-429-020 & 04-12-04-429-021. This is an ideal location for a convenience store, QSR, or shopping center redevelopment. Don't miss this chance to secure this strategic location.