Manufacturing Facility With Loading
For Sale
$3,700,000
2803 22nd Street, Decatur, IL 62526
M-2-zoned industrial building with attached offices and full occupancy.
Property Size52,000 SF
Price / SF$71.15
Days on Market42
Property Features for 2803 22nd Street
General Information
Standard status
Active
Size
52,000 SF
Total Parking Spaces
12
Zoning
M-2
Occupancy
100%
Warehouse & Industrial
Dock-High Doors
3
Drive-In Doors
3
Taxes and HOA fees
Annual Taxes
$24,322
Amenities
One
yes
1
Gas Water Heater
Central Air
Floor Furnace, Radiant
Kitchen Facilities, Lunchroom, Overhead Doors, Railroad Siding
Public Records
Metal
Public Sewer
3 Phase, 200+ Amp Service
no
Public
10.7
12
Acres
On Site
Fence
Gravel, Other
Slab
466092
Stucco, Steel
Building Details
Year Built
1980
Stories
1
Building Size
52,000 SF
Listed By:
Josh Burgener
(217) 820-0182
Source:
Jburgenerrealty.idxbroker
Added: Aug 25
Changed: Sep 5
Last Checked: Oct 4 at 6:15AM
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 Josh Burgener
Investment Insights
Based on property information with market context.
This 52,000-square-foot manufacturing facility in Decatur, Illinois, was built in 1980 and is configured for industrial operations. The building includes attached office space, kitchen facilities, a lunchroom, overhead doors, and a railroad siding. A combination of central air, floor furnace, and radiant heating systems serves the property.
Loading infrastructure includes three dock-high doors and three overhead doors. The property has M-2 zoning, 100% occupancy, three-phase power with 200+ amp service, public water and sewer, and an on-site fenced area. These features support manufacturing and distribution functions within an established industrial building.
Loading infrastructure includes three dock-high doors and three overhead doors. The property has M-2 zoning, 100% occupancy, three-phase power with 200+ amp service, public water and sewer, and an on-site fenced area. These features support manufacturing and distribution functions within an established industrial building.
Key Highlights
- 52,000 SF manufacturing facility built in 1980
- M‑2 zoning with 100% occupancy
- 3 dock‑high doors and 3 overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$337,166
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,743,320
$6.7M
Cap Rate 7%
$4,816,657
$4.8M
Cap Rate 9%
$3,746,289
$3.7M
Market Conditions
NOI Build-Up for 52,000 SF
Gross rent
$517.9K $9.96/SF
− Vacancy
−$36.3K −$0.70/SF
EGI
$481.7K $9.26/SF
− OpEx
−$144.5K −$2.78/SF
NOI
$337.2K $6.48/SF
Area
Macon County, IL
Vacancy
7.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,743,320
Cap Rate 7%
$4,816,657
Cap Rate 9%
$3,746,289
Alternative Uses
Best Use
Warehouse
$5.85M
$5.12M – $6.82M
NOI $409,416 @ 7.0% cap · market cap 11.07%
Second Best
Industrial
$4.82M
$4.21M – $5.62M
NOI $337,166 @ 7.0% cap · market cap 9.11%
Theoretical Best
Specialty Retail
$8.73M
$7.64M – $10.19M
NOI $611,395 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Dock-high doors
3
Drive-in doors
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 62526, IL
31,758
Population
16,425
Households
1.9
Avg Household Size
41
Median Age
20%
College-Educated
92%
High-School Grad
66.0 sq mi
ZIP Area
481
Density / Sq Mi
$48,222
Median Household Income
$39,048
Median Earnings
$785
Median Rent
$91,500
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - M-2-zoned industrial building with attached offices and full occupancy.
Where is this manufacturing property located?
The property is located at 2803 22nd Street Decatur, IL.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 52,000 SF manufacturing facility built in 1980; M‑2 zoning with 100% occupancy; 3 dock‑high doors and 3 overhead doors
