Decatur Commercial Investment
3090 N Main St Decatur, IL
3090 N Main St, Decatur, IL, 00000
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For Sale
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Well-maintained commercial property with established tenants and strong returns.
Property Size10,160 SF
Lot Size0.88 Acres
Price / SF$122.79
Days on Market550
Property Features for 3090 N Main St
General Information
- Standard status
- Active
- Size
- 10,160 SF
- Lot size
- 0.88 Acres
- Property subtype
- OFFICE
Listing Agency
Main Place Real Estate
(217) 454-8800
Listed by
Zane Peterson
(217) 454-8800
Source
Moodyscre
Added: Jan 16, 2025 Checked: Jul 19 at 4:32 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Main Place Real Estate
Investment Insights
Based on property information with market context.
This commercial property in Decatur, Illinois, presents an investment opportunity. The well-maintained building has 10,160 square feet of space and sits on a 38,333 square foot lot. The property hosts three established tenants, all on Triple Net (NNN) leases, ensuring minimal landlord responsibilities. The property offers an 8% capitalization rate. The building is well-constructed. The property is located in a bustling part of Decatur, benefiting from high visibility and accessibility. It is close to major highways and public transportation. The property is surrounded by shopping centers, dining options, and essential services. Decatur is a dynamic city.
Key Highlights
- 8% Capitalization Rate: Offers strong returns.
- Triple Net (NNN) Leases: Minimizing landlord responsibilities with all three tenants on NNN leases.
- Tenant Stability: Ensuring a consistent revenue stream with three established tenants.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.0k | $12.60 |
| − Vacancy | −$20.5k | −$2.02 |
| EGI | $107.5k | $10.58 |
| − OpEx | −$26.9k | −$2.65 |
| NOI | $80.7k | $7.94 |
10,160 SF · lease $12.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,650 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.71M
$1.49M – $1.99M
NOI $119,457 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Network Solutions Unlimited
Tech Support Center
Miller Wealth Management ...
Financial Advisor
Dr. Lohr
Alternative Medicine Practice
Decatur Computers LLC
Tech Support Center
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FAQs
What type of property is this?
Office building - Well-maintained commercial property with established tenants and strong returns.
Where is this office building located?
The property is located at 3090 N Main St Decatur, IL.
What is the asking price?
The asking price for this property is $1,247,500.
What are key features of this property?
This property features: 8% Capitalization Rate: Offers strong returns.; Triple Net (NNN) Leases: Minimizing landlord responsibilities with all three tenants on NNN leases.; Tenant Stability: Ensuring a consistent revenue stream with three established tenants.
