365 E Ash Ave | Decatur, IL 62526
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365 E Ash Ave
Decatur, IL 62526
Office Investment Property For Sale · Office Property For Sale
Investment Highlights
- Class A Building
- Flexible Layouts
- Attractive Building
- Prominent Signage
Executive Summary
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale this Office Building in Decatur. The building was constructed in 2000 and has undergone several updates in recent years. Currently Edward Jones (1,000 SF @ 385 E. Ash Ave.), All Ways Caring (1,640 SF @ 375 E. Ash Ave.), and Traditions Health (3,084 SF @ 365 E. Ash Ave.) occupy the building.
Interested purchasers can also look at the adjacent property (also for sale) at 405 – 427 E. Ash: https://cbcdr.com/property/405-427-e-ash-ave/)
Area Description
Ash Ave Office Complex is off US 51 (25,100 VPD) and Ash Ave. (11,900 VPD) on the North side of Decatur IL. The property sits across the street from Decatur Crossing which is anchored by Sam’s Club and Wal-Mart Supercenter (both recently remodeled) and is the highest volume retail center in the area. Other businesses in the immediate area include: Walgreens, Slumberland Furniture, Panera, Arby’s, Burger King, Sprint Mobile, Flooring America, Joanne Fabrics, Monical’s Pizza, Fuji Japanese Steakhouse, El Rodeo Mexican Restaurant, Boost Mobile, Sally Beauty Supply, Personal Finance, Ruby’s Gaming, Mega Replay, and Mid America Credit Union. Decatur IL is centrally located lying 40 miles east of Springfield (IL), 45 miles south of Bloomington-Normal, 50 miles southwest of Champaign-Urbana, 135 miles northeast of St. Louis (MO), 150 miles west of Indianapolis (IN), and 180 miles southwest of Chicago.
Interested purchasers can also look at the adjacent property (also for sale) at 405 – 427 E. Ash: https://cbcdr.com/property/405-427-e-ash-ave/)
Area Description
Ash Ave Office Complex is off US 51 (25,100 VPD) and Ash Ave. (11,900 VPD) on the North side of Decatur IL. The property sits across the street from Decatur Crossing which is anchored by Sam’s Club and Wal-Mart Supercenter (both recently remodeled) and is the highest volume retail center in the area. Other businesses in the immediate area include: Walgreens, Slumberland Furniture, Panera, Arby’s, Burger King, Sprint Mobile, Flooring America, Joanne Fabrics, Monical’s Pizza, Fuji Japanese Steakhouse, El Rodeo Mexican Restaurant, Boost Mobile, Sally Beauty Supply, Personal Finance, Ruby’s Gaming, Mega Replay, and Mid America Credit Union. Decatur IL is centrally located lying 40 miles east of Springfield (IL), 45 miles south of Bloomington-Normal, 50 miles southwest of Champaign-Urbana, 135 miles northeast of St. Louis (MO), 150 miles west of Indianapolis (IN), and 180 miles southwest of Chicago.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,720 SF
Building Class
C
Year Built
1998
Price
$820,480
Price Per SF
$143
Cap Rate
9.50%
NOI
$77,946
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,720 SF
Building FAR
0.11
Lot Size
1.18 AC
Zoning
B2 - - Commercial
PROPERTY TAXES
| Parcel Number | 07-07-26-301-026 | Improvements Assessment | $317,618 |
| Land Assessment | $73,544 | Total Assessment | $391,162 |
PROPERTY TAXES
Parcel Number
07-07-26-301-026
Land Assessment
$73,544
Improvements Assessment
$317,618
Total Assessment
$391,162
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