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Park Plaza Building 535 W Eldorado St

7,288 SF Vacant Office Building Decatur, IL 62522 $350,000 ($48/SF)

Office Space Illinois Decatur 535 W Eldorado St, Decatur, IL 62522

Executive Summary

Investment opportunity: The first floor is currently leased to a healthcare service company with NNN lease structure and renewal options in place. The lower level space is vacant, which is a perfect opportunity for an owner user, or additional rental income after new tenant in place. Rock solid, brick building with over 3,600 square feet on each level. Plenty of parking. Property totals just shy of 1/2 acres on busy Eldorado Street (IL RT 36). Over 12,700 VPD. Centrally located only blocks away from the core of Downtown Decatur and Millikin University. Currently a great opportunity for a chance for an individual investor seeking both business space and income generation. Contact commercial brokers for additional property details.

Attachments

535_W._Eldorado_Sale_Brochure_2.1.24

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,288 SF
Building Class
B
Year Built
1975
Price
$350,000
Price Per SF
$48
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,644 SF
Building FAR
0.42
Lot Size
0.40 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B-2
Parking
30 Spaces (4.11 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 04-12-15-204-010 Improvements Assessment $53,857
Land Assessment $26,075 Total Assessment $79,932

PROPERTY TAXES

Parcel Number
04-12-15-204-010
Land Assessment
$26,075
Improvements Assessment
$53,857
Total Assessment
$79,932
(217) 422-3335

Contact

  • Listing ID: 30841975

  • Date on Market: 2/1/2024

  • Last Updated:

  • Address: 535 W Eldorado St, Decatur, IL 62522

More public record information on 535 W Eldorado St, Decatur, IL 62522

The Office Property at 535 W Eldorado St, Decatur, IL 62522 is currently available for sale. Contact Main Place Real Estate for more information.

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Park Plaza Building | 535 W Eldorado St
(217) 422-3335 x

Park Plaza Building | 535 W Eldorado St

Zane Peterson

(217) 422-3335

(217) 422-3335

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