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    405-427 E. Ash Ave Decatur, IL 62526

    Sponsored
    Source: https://www.cbcworldwide.com
    For Sale
    $1,211,306

    11,469 SF Office Investment Property For Sale

    Property size:
    11,469 SF

    Description

    Added:
    Apr 9, 2025
    Days on Market:
    273
    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.

    o Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale this Office Investment Building in Decatur. The building was constructed in 1997 and has undergone several updates in recent years. Currently fully leased: Great Lakes Psychology in 405 E. Ash Ave; Tharaldson Hospitality Management in 415 E. Ash Ave; Illinois House of Representatives in 419 E. Ash; Lighthouse Autism Center in 427 E. Ash Ave. 405 & 427 E. Ash have undergone extensive renovations in the last several years and have new regional tenants in place. The roof was replaced in 2020.

    Property Features for 405-427 E. Ash Ave

    General Information

    Property type
    Other office properties
    Square Feet
    11,469 SF
    Price / Square Foot
    $105
    Elevators
    N/A
    Lot Size
    32,234 SF

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1
    Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    State
    Illinois
    Longitude
    -73.527228
    Latitude
    41.068999

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    FAQs

    What type of property is this?
    Office property - 11,469 SF Office Investment Property For Sale
    Where is this office property located?
    The property is located at 405-427 E. Ash Ave Decatur, IL.
    What is the asking price?
    The asking price for this property is $1,211,306.
    (217) 403-3425
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    405-427 E. Ash Ave Decatur, IL 62526
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    Decatur, IL 62526
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405-427 E. Ash Ave Decatur, IL 62526
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