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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

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.
More about this property
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