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3090 N Main St
Decatur, IL 62526

Office Property For Sale

Executive Summary

Main Place Properties proudly presents an exceptional investment opportunity in Decatur, Illinois. This well-maintained commercial property is a 10,160 square foot building on a sizable 38,333 square foot lot, offering investors a stable and lucrative asset. Property Highlights: Tenant Stability: The property hosts three established tenants, all on Triple Net (NNN) leases, ensuring minimal landlord responsibilities and a consistent revenue stream. Attractive Financials: With an 8% capitalization rate, this property offers strong returns and a reliable income for savvy investors. Quality Construction: The building is well-constructed and maintained, reducing potential maintenance costs and preserving property value. Strategic Location: Prime Area: Located in a bustling part of Decatur, the property benefits from high visibility and accessibility. Convenient Access: Close proximity to major highways and public transportation, facilitating easy access for tenants and customers alike. Local Amenities: Surrounded by a variety of amenities, including shopping centers, dining options, and essential services, enhancing the property’s appeal to tenantsWhy Decatur?
Decatur is a dynamic city with a diverse economy, robust infrastructure, and a supportive business environment. Investing in this property means securing a foothold in a thriving market with excellent growth potential.
Contact Us: Don’t miss out on this exceptional investment opportunity. For more information or to schedule a viewing, please contact James at Main Place Properties. Invest wisely, invest in Decatur.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,305 SF
Building Class
B
Year Built
1994
Price
$1,247,500
Price Per SF
$110
Cap Rate
8%
NOI
$99,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,305 SF
Building FAR
0.29
Lot Size
0.88 AC
Zoning
MUNICIPAL
Parking
40 Spaces (3.53 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-07-34-478-016
Land Assessment
$70,632
Improvements Assessment
$197,169
Total Assessment
$267,801
  • Listing ID: 32580715

  • Date on Market: 7/25/2024

  • Last Updated:

  • Address: 3090 N Main St, Decatur, IL 62526

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