3090 N Main St | Decatur, IL 62526
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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.
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
Parcel Number | 07-07-34-478-016 | Improvements Assessment | $197,169 |
Land Assessment | $70,632 | Total Assessment | $267,801 |
PROPERTY TAXES
Parcel Number
07-07-34-478-016
Land Assessment
$70,632
Improvements Assessment
$197,169
Total Assessment
$267,801
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