1311 IL-48 Decatur, IL 62526
Net-leased Walgreens in Decatur, Illinois, a durable investment opportunity.
Type:Retail
Property size:
12,918 SF- Added:
- Oct 7, 2024
- Days on Market:
- 561
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 1311 IL-48
General Information
- Standard status
- Active
- Size
- 12,918 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2002
Listing agent Jason Gribin License #CA 01819611
Listing office AiCRE Partners
Listing date Oct 7, 2024
Source Crexi
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 AiCRE Partners
Overview
Walgreens on Illinois Route 48
The Walgreens property, situated at 1131 IL-48 in Decatur, Illinois, is available for acquisition. Occupied by Walgreens, a prominent pharmacy-led retailer with a widespread presence across the United States, this location serves as a key daily needs anchor within the community. Walgreens benefits from significant brand recognition and a resilient business model supported by prescription drug sales, health services, and convenience retail offerings. The property is strategically located along Illinois Route 48, a major commercial corridor in Decatur, offering high visibility, convenient access, and exposure to local and commuter traffic. Its proximity to residential neighborhoods and various retail and service establishments enables it to serve a broad customer base and benefit from consistent daily traffic. Decatur, the county seat of Macon County, functions as a regional hub for healthcare, manufacturing, education, and government in Central Illinois. The city has a stable employment base, supported by major employers, regional medical facilities, and higher education institutions, and offers connectivity to larger Midwest markets via nearby highways. The property size is 12918 square feet. This established infill location, leased to a nationally recognized tenant, presents investors with the opportunity to acquire a net-leased asset supported by long-term fundamentals and essential retail demand.
Location Intelligence
Current Use by Public Records
Drug stores
Similar Places Nearby
- Global Isotopes, LLC — 2300 N Edward St, Decatur, IL 62526
- Walgreens Pharmacy — 625 W Pershing Rd, Decatur, IL 62526
- Halley S. Connor, PharmD — 625 W Pershing Rd, Decatur, IL 62526
- Fergin Katherine A — 2300 N Edward St, Decatur, IL 62526
- Stephen Mitchell — 625 W Pershing Rd, Decatur, IL 625261632
Map
- City
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.9645
- Latitude
- 39.9062
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Net-leased Walgreens in Decatur, Illinois, a durable investment opportunity.
Where is this drug store located?
The property is located at 1311 IL-48 Decatur, IL.
What is the asking price?
The asking price for this property is $3,470,000.
What are key features of this property?
This property features: Net‑leased asset occupied by Walgreens, a nationally recognized pharmacy‑led retailer.; Located along Illinois Route 48, a primary commercial corridor, providing excellent visibility and access.; Strategically positioned near residential neighborhoods and complementary retail.
