365 Ash AveDecatur, IL 62526

Property Details for 365 Ash Ave

Year built

2000

Lot size

1.18 AC

Property size (Sq ft)

5,720 SF

Property type

Office properties

Description

This exceptional Class A office building in Decatur, IL, presents a compelling investment opportunity. The 5,720 square-foot property, built in 2000 and situated on a 1.18-acre lot, boasts 100% occupancy with a strong tenant mix including Edward Jones, All Ways Caring, and Traditions Health. The building features three units, offering flexibility and potential for future growth. The property benefits from a triple-net (NNN) lease structure with corporate guarantees, ensuring consistent cash flow. The current Net Operating Income (NOI) stands at $77,867, yielding a 9.49% cap rate. The asking price is $820,480, translating to $143.44 per square foot. Rent bumps are included in the lease agreements. The property is zoned B-2 and enjoys a highly visible location with prominent signage, less than half a mile from interstate access. The surrounding area features high-traffic retail centers anchored by major national brands like Sam's Club and Walmart, along with numerous other businesses, ensuring high visibility and strong tenant demand. This property offers a rare combination of strong financial performance, stable tenancy, and a prime location in a thriving commercial area. The property's address is 365 E Ash Ave, Decatur, IL 62526. The Macon County location provides easy access to major transportation routes, connecting Decatur to Springfield, Bloomington-Normal, Champaign-Urbana, St. Louis, Indianapolis, and Chicago.

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.898

Longitude

-88.9513

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