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    1110 Arbor Dr Decatur, IL 62526

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    For Sale
    $489,000

    Fully leased office building with high visibility and future development potential.

    Property size:
    4,996 SF
    Lot size:
    1.79 Acres

    Property Features for 1110 Arbor Dr

    General Information

    Size
    4,996 SF
    Lot size
    1.79 Acres

    Source: Main Place Real Estate Agent Zane Peterson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Office Investment Property

    This fully leased office building, constructed in 1999, offers an investment opportunity with a 9.5% CAP rate, generating $46,514 in Net Operating Income. The property is situated on a high-visibility corner lot within a well-trafficked neighborhood corridor. The building is 100% occupied by two tenants in office and glamour suites. Recent capital improvements include a new roof and resurfaced parking lot in 2020, with many units having been updated in recent years. Excess land on the north end of the property allows for potential future development, including the possibility of constructing a second building with a shared parking lot. The property is located near a mall, residential communities, restaurants, and I-72 interstate access, positioning it for long-term value.
    Insight Report Location Intelligence

    Current Use by Public Records

    Guardian Headache and Pain ... Pain Management Physician ABC Counseling & Family ... Counselor Illinois Health Clinics Home Health Care Service Dr. Mark D ... Family Practice Physician Central Illinois Care ... Home Health Care Service

    Suggested Use

    Law Firm Spa & Massage Hair Salon Nail Salon Clothing Store Skin Care Clinic Daycare Center Accounting Firm Pharmacy Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.974826
    Latitude
    39.9057963

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    FAQs

    What type of property is this?
    Office building - Fully leased office building with high visibility and future development potential.
    Where is this office building located?
    The property is located at 1110 Arbor Dr Decatur, IL.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: - 9. 5% CAP Rate offers a strong investment return.; - Fully leased, generating $46,514 in Net Operating Income.; - Opportunity for future development on excess land.
    (217) 454-8800
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    1110 Arbor Dr 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
    1110 Arbor Dr Decatur, IL 62526
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