355-385 E Ash Ave, Decatur, IL
Office building in Decatur, Illinois, with established tenants.
- Added:
- Dec 2, 2024
- Days on Market:
- 560
- Last Refresh:
- May 20 at 9:26 pm
Property Features for 355-385 E Ash Ave
General Information
- Standard status
- Active
- Size
- 5,720 SF
- Lot size
- 1.02 Acres
- Property subtype
- OFFICE
Listing agent AJ Thoma III (217) 520-3299
Listing office Coldwell Banker Commercial Devonshire Realty (217) 520-3299
Listing date Dec 2, 2024
Source Moodyscre
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 Coldwell Banker Commercial Devonshire Realty
HighLights
- Office building investment opportunity.
- Leased to established tenants: Edward Jones, All Ways Caring, and Traditions Health provide immediate income.
- Constructed in 2000 and recently updated.
- Multiple tenants with varying square footage.
- Located in Decatur.
- Opportunity to purchase adjacent property at 405 – 427 E. Ash Ave.
Overview
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 | $72.1k | $12.60 |
| − Vacancy | −$11.5k | −$2.02 |
| EGI | $60.5k | $10.58 |
| − OpEx | −$15.1k | −$2.65 |
| NOI | $45.4k | $7.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.9597
- Latitude
- 39.8982
