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1228 E Wood St
Decatur, IL 62521

OK's Transmission · Retail Property For Sale

Investment Highlights

  • Includes inventory, equipment, and certain intangibles like their telephone number which has been well known to paying customers for years
  • Shop area includes 17 feet of clearance and 8 total lifts
  • The assembly of real estate offers two commercial buildings and two single family rental homes, situated on three parcels
  • Mezzanine space for additional storage and shop restroom with multiple stalls

Executive Summary

Attention Automobile Entrepreneurs and Enthusiasts - Here's an opportunity to purchase a business with real estate, including two single family homes. OK's Transmission includes inventory, equipment, and certain intangibles like their telephone number which has been well known to paying customers for years. The hard work the business has consistently conducted to being a trusted name in the industry for decades. The assembly of real estate offers two commercial buildings and two single family rental homes, situated on three parcels. The primary building totals 3,904 sqft, has office area with lobby, two private offices, and restroom. While the shop space includes six overhead doors (one is 12ft tall with double bay). Shop area includes 17 feet of clearance and 8 total lifts. Mezzanine space for additional storage and shop restroom with multiple stalls. Additional warehouse building is 2,340 sqft with one overhead drive-in door. The rental homes are both 2 bedrooms and 1 bathroom. Homes have been leased to long-time tenants for well under market rent. Showing of rental homes upon acceptance of purchase offer, please do not disturb tenants. In total the property is 0.78 acres. Seize this truly exciting opportunity to acquire a well-established transmission and automotive repair business and versatile property. Contact commercial brokers for all inquiries.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Retail
Building Size
6,244 SF
Year Built
1970
Price
$375,000
Price Per SF
$60
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.18
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
B-2, O-1

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-12-14-284-014
Land Assessment
$21,985
Improvements Assessment
$50,434
Total Assessment
$72,419
  • Listing ID: 32920254

  • Date on Market: 8/22/2024

  • Last Updated:

  • Address: 1228 E Wood St, Decatur, IL 62521

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