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    405-427 E Ash Ave Decatur, IL 62526

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    For Sale
    $1,211,306

    Office building for sale with three of four suites occupied.

    Property size:
    11,469 SF
    Lot size:
    0.74 Acres

    Property Features for 405-427 E Ash Ave

    General Information

    Size
    11,469 SF
    Lot size
    0.74 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent AJ Thoma III

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

    Overview

    Decatur Office Investment Opportunity

    This office investment building in Decatur was constructed in 1997 and has been updated in recent years. Three of the four suites are currently occupied. Great Lakes Psychology occupies 405 E. Ash Ave; Tharaldson Hospitality Management occupies 415 E. Ash Ave; and Lighthouse Autism Center occupies 427 E. Ash Ave. Suite 419 E. Ash Ave is currently available, offering 1,029 square feet with a reception area, three private offices, and shared restrooms and a server room with 415 E. Ash Ave. Suites 405 and 427 E. Ash have undergone extensive renovations in recent years and have new regional tenants. The roof was replaced in 2020. The property offers a total size of 11,469 square feet.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    County
    Macon
    State
    Illinois
    Longitude
    -88.9611827
    Latitude
    39.8981637

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    FAQs

    What type of property is this?
    Office building - Office building for sale with three of four suites occupied.
    Where is this office building 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.
    What are key features of this property?
    This property features: - Office investment building with three of four suites currently occupied by tenants.; - Roof replaced in 2020.; - Suites at 405 & 427 E. Ash Ave have undergone extensive renovations.
    (217) 520-3299
    Request Owner's contact information
    405-427 E Ash Ave 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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